I check in on this board daily and one thing I have noticed is the lack of excitment regarding this company. It appears IMO that those people that once wrote acitvely on this board are now waiting for that last shoe to drop. I hope we see a strong earnings in August with managment giving strong outlook to signal the next insider selling plan is near. We can then plan our entry point.
Price and volume is the only thing to look for in a stock. KORS has traded higher in 11 of the past 14 sessions. Since hitting bottom at $56.15 KORS has traded higher in seven consecutive sessions. The stock traded nearly ten million shares on Friday, June 28, and that was the heaviest volume day since the last EPS report.
The first quarter has been completed and KORS will report another stellar quarter in August. I think it would be wise to buy KORS if it trades back into the high $50's.
KORS is down since it's earnings announcement for Q4 back in Feb. due to another SPO. Even though Q1 earnings were stellar in May we are down from that point also. Obviously this stock is not trading on fundamentals & analysts upgrades alone, even though the general market is doing quite well overall. I honestly believe there is a genuine mis-trust & dislike for mgmt here on how shareholders are manipulated, & used as cash cows.
There will most likely be another SPO from mgmt & insiders, they will own almost nothing of this company if this happens, expect a drop on the SPO news usually done after new highs are made.
I have never seen a company treat shareholders with contempt as this company.