Kudos to you for calling the bottom, and sorry if you were offended by me for calling you out on being a whiner.
It is a character flaw not to listen to any complaining (part of my upbringing).
KORS is starting to gain momentum as the weekly chart is showing. $65.20 is the pivot point.
Any investor must ask, "What do I want from this stock?" What would make me happy? if it traded at $70? $80? do you have an exit strategy, or blindly hold forever? I gotta tell you that you and Rich are a stronger investors than me. I would have sold the instant management announced an SPO.
Of course, we buy with hopes the price will increase. But, often times that does not work out.
My strategy with KORS is to have my purchases staggered, and give management three more quarters of data points before reassessing the purchase. I expect KORS to trade between $80-$100 by the end of 2013. So, the day to day, week to week ups and downs do not bother me. I think of my 401k when I see the quarterly results and think 7% ...not bad.... It keeps me sane.
Once again, congrats on calling the bottom. I am sure $51.63 will hold....