More to this down turn we are seeing today, there is a possible good sign forming, if you look at the charts over the past 90 days it appears to me like a cup and handle is forming with this down turn, lets hope this is correct going into earnings. Otherwise, I cannot find anything tangible to make me feel good about the performance of this stock since February 2013.
Anvboy, of course the stock action since Feb has been terrible in this run-a-way market, however KORS is performing to script as per the previous SPO's. Expect a huge upward surprise on earnings day & record highs, & if mgmt has run out of stock to sell we will be heading north, as no matter what the fundamentals are stellar.
The only thing I can add that might have some merit to this down turn is that the Kors May 60 and 62.50 calls are now moving toward being worthless. So those that tried to ride this great growth story through buying May calls is also finding Mr. markets fondness for Kors stock painful, hopefully those May calls were covered calls so that their is a chance for some.
There are still seven days to go before the earnings report, which is an eternity. Therefore, this downtrend could be reversed over the next week and it's generally a good sign (bullish sign) that the price drops a bit before the earnings report.
Welcome to this board, your comments are without regard for the pain this company has inflected on those that bought shares in this company on the outstanding Feburary earnings report,. When I acquired this stock I felt good, now given how the stock owners have been treated I'm not sure what to expect in the next earnings report. If you plan to hold this stock until all insiders are no longer holding stock, this includes Stroll's 11 million and Chow's 11 million you will likely do okay, I do not want to wait 24 months, the money I put into this company has been dead and as of todays trade in the red. I stand by my statement, this has been a DOG as long as I have owned this stock.