i dont expect it goes thru $100 before the iphone or any another material announcements. it's just disappointing while the overall market strength is fairly board base today, oil, financials, even fb/goog and the old tech like ibm.orcl.msft are doing well...it's just sometimes puzzling. with about 6 billion shares outstanding, it's hard for any one or a few firms to manipulate the share price, but strong buyers seems disappear today @ 3:45 pm as well as on aug 01. apple is still under own by institutions imo
yes, burberry in london today up over 3%, LVMH in france is flat, and UAL - up more than 11%, people have lots of money to spend
really...how would you value Amzn, Fb, twtr, and tsla? YEs, the markets are all cooked !
i c that too, some says it's a bear flat, some say trendline broken, etc...when i look at LVMH - LV brand and others, trade closer to 52 wk high, Burberry has been rangebound, TIF, all time high recently, LB - victoria secret - has been climbing back up, RL - climbing back slowly, BMW/benz are trading closer to 52 wk high, people still keep spending, so, luxury brand stocks are not that bad, but why kors is trading like that is anyone's guess, the only way to find out is to ask those sellers why you are selling.
may be the big players are building a base for the next up or down leg, who knows, er is a month away...so both down and up sides are limited...IMO
no need to mention coh - it's dead money for a long long long while...the market is rigged as otherwise kors, kate, tif or even rl should be up, not down