I did reduce my position in KORS this week because of technicals that presented I think another big shakeout possible...it could test new lows. GPRO should ride higher but wont own it long because it will pull back and build first base. I will sell at break.
Anytime I have owned best of breed it typically will raise in bolts. All have gone through pullbacks below 40 wk at some point. I think there is alot of power being built up in KORS as they keep exceeding growth targets and their next 2 qtrs are typically strong. I am interested to see how the mens Soho launch pans out. Finally, I think institutions have worn out the majority of retail investors now
These two sectors are getting hotter and think this will continue. This should bold well for KORS and all stocks in group as it builds right side of base. Ints still climbing
Sentiment: Strong Buy
whats scary is good sometimes when you know the numbers. Take a look at past big winners all made drops below 200 DMA before making more big runs. This stock is taking longer than I figured but 120 is in cards I believe yet before christmas. I hope you still are holding nflx ready to roll to 525 and will get to 600 mark. GPRO is very attractive for the risky at heart because of low share float.
they will beat no worries...this stock is not done just about to gain its second wind...you will make money. Great stocks have taken breaks below 200 day line. Take a look at PCLN long run it has made trip 6 times. Now if KORS drops in the 20 percent growth level I wouldnt be as confident. I expect KORS to make $1.01 at least. I think their black and white line is going to be a hit.
Sentiment: Strong Buy
A small step back above 10 day...next resistance appears to be $80.40 range. I would like to see it get above that range on vol this wk. Ints have been adding, so dont think this bashed stock is done but this board sure is dead right now.
Sentiment: Strong Buy
Institutions control 72 percent of UA shares as opposed to 58 percent KORS...add 10 percent management 68 percent...to me that means there are too many individual investors. In my opinion I think there is something to this because institutions want more before this will move up. They get there cloooneys to drive it down for unfounded facts to raise doubts in the meant time so they can keep buying at cheap prices stealing people's money. When their ready the stories about KORS will be they can do nothing wrong. Usually I do well when institutions own in 70+ Percent levels? I will watch this closely as it progresses. When KORS jumped to 101 dollars institutions were at 64 percent then they started dumping to 53 percent.
Here is a great example of beat and raise but find a bit of negativity if you can call it that and it gets hammered further.. Zero debt, solid growth, management owns 10 percent. Worried about mark downs...really! This is a clear case of corruption. If this is a bad stock to own, what is a good stock the ones ithat make no money...it seems so I guess the analyst can look forward to the companies making money someday and they done have to worry because it's already bad. If your money isn't safe in KORS, then is anything worth the risk? Market Corrupt for sure.by underhanded anyalsts
Funny Q...I sure hope so gave back more paper gains than I wanted to...it's time to get some of that money back. this stock is becoming the king of wear out. After all the bashing, it has got me second guessing. I just hope the expansion into men's doesn't affect bottom line...last yr stock started its climb in July lets hope for repeat
If I would have listened to anayalst on twitter over last several weeks I would of sold and lost huge profits today. If you believe management will deliver which I think they will...then you should hold til earnings. But if you can't sleep at night sell. KORS is one the most fundamentally strong companies...shareholders will be rewarded if they keep delivering. I get worried when everyone is in love with stock like COH was over last couple of years.
At the end of the day people want quality, style and price...is KORS doing that? In my opinion they are...shareholders have not been fully rewarded because games are being played to raise doubt. When doubt is in the air it favors longs only in KORS keeps exceeding earnings estimates. A miss and this stock gets hammered further just like any other stock. I do think they will beat again and will raise in the first qtr of yr. good luck longs
I read a MS report last wk that they did not agree with analysts that bashed KORS...still believe .92 in order...I also think we hit bottom on Fri
Where did you catch it at? Bahamas? KORS will recover I expect prior to earnings as normal unless there really is something we don't know about.