Wow... that really sucks! I was hoping to add to my position when I saw the PM drop. But perhaps it may still drop on the open. I've seen many a time when the PM drop declines, and then sells off again at market open. I am really kicking myself for not buying more at $64.
Tell me about it! Even my lousy SALE and KORS stocks after an initial pluge on reports, got back right up in a few days... the one time I decided to sell a portion of them like I should have last earnings but stupidly didn't.
When I saw TASR missed, I was calmly expecting a 10% drop at most and was cool with that. I never saw 15%.
Most times around earnings I kick myself for forgetting to buy puts for various stocks. But this time round I can honestly say that even if I remembered to consider puts, TASR was one stock I would simply never have chosen to do so for. So in a perverted way I don't feel bad. I could not have anticipated this ridiculous 14-16% drop.
What irks me is DGLY in comparison keeps flying high when fundamentally it's nowhere in sight compared to TASR.
Lol I must say that long as I am, I found this funny.
"Everything affects KORS stock price, except positive news."
As in like it's funny cause it hurts.
Stupid thing is the one time I decide to do on earnings day what I should have done many earning days before, like sell 20% with the drop, it bounces back to even at end of day and then goes up from there. Hopefully we'll see some continued increase. At this point in time I'm looking to just sell at a minimum loss.
For the last few earnings I've seen KORS get trashed whichever way. It was stupid of me not to get out and I'm not going to keep on compounding my mistake. KORS the company may be a good business but KORS the stock has been a POS stock. I am outta here.