COH is a really good trading stock. Nice swings as it can move up down 10% at a time. This stock is way overvalued. I have been saying this for a long time now and no change in my view. I short this stock on every rally and cover when it collapses. My last three shorts on this stock in the high $80s and early $90s has netted me around 30%. Why anyone would think a 15% fall in a day is strange is beyond me. Well if you understand charts and basic fundamentals you would have seen that it was way overvalued and ready to drop. We also now have a nice triple top in place. So I think this could be the beginning of a new downtrend in this stock and possibly even the sector in general. I will keep shorting this stock on rallies only.
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