10/03/2014 – Michael Kors holding
- October 3, 2014
- Michael Kors holding
Michael Kors holdings KORS:
1. During the week of Sept. 15 in our Williams edge stock meeting it was noted that any sustained break below $1975 in Michael Kors should be sold short for a quick decline to $71/$70.
2. On Tues., Sept. 23 Michael Kors closed the session at $74.45, below the critical $75.00 level. This indicated new short entry. The market quickly declined to the $71/$70 downside target on Sept. 29 (session low, $70.44). This completes the intended trade.
3. Will message any further entry or indication in Michael Kor as the market confirms.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.