PPR - KORS follow on pocket pivot
We originally reported on KORS 1/17/12 as it had enough volume to qualify for a pocket pivot. Today, KORS will probably achieve enough volume (1,218,500 required) to qualify for a second, follow on pocket pivot.
IPO KORS markets luxury apparel, accessories, and footwear in 74 countries. Earnings and sales have been robust, showing that this company seems to know how to properly place and market their merchandise.
Keep in mind that this stock had its IPO recently so is subject to volatility that may be beyond some risk tolerance levels. Position size appropriately.
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