KORS - Careful with IPOs

KORS - Daily Candlesticks, Landscape:

We love the popping power an IPO can offer, but watch out for a Secondary Offering. Seems like everytime one of these IPOs start getting their mojo going they decide to do a Secondary taking the stock down few a few weeks. KORS announced a secondary offering of 25 million shares at 47, a 4% discount to Thursday's closing price.

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