I had some from two weeks ago. then decided to buy another large chunk since it wasn't really moving for a few days. and the news today shocked me. I sold all of them for a pretty profit at the open at 11.70
can't complain. I was hoping for 12. it didn't get close. so I bailed. it could go higher from here though.
I agree with gale cause I own it since a buck and change. waiting for it to pop one day...still have time for it to go...I expect around 30 or so. I played srpt for a trade. wish I held it long instead of trading it.
Chinese women are looking for the new trend in fashion and they are catching up to kors popularity in the u.s. and Europe. though not widely available in china like coach products, they are getting kors stuff when visiting countries where they are available, such as in japan, etc...few years back, they were buying coach products and brought them back to china. friends and family take trips to the u.s., they buy a dozen or so coach bags from outlets and other outlets, bring them back to china as souvenirs or in many cases, reselling or helping friends get them. this is happening all over again with kors products. they always look to the west for fashion trends. always.
i'm looking to buy again below 55. the economy is improving. this bull market keeps running. kors still taking market share from competition. and these #$%$ are selling without a clue.
that's why they have celebrities and the first lady buying its products. people look up to celebrities and they look for trends. this is why kors is in hyper growth mode.
I have been saying that all along...and the idiot from motley fools and seeking alpha have been trying hard pumping it and bashing kors...in the end, kors will emerge as clear winner.
dead cat bounce? support level found? the bounce on volume is a good sign willing buyers come in at the right price level. it helps if it holds higher ground the next few days. only one day of this means very little.