Contrarian investing vs catching a falling knife

I am not the author of the seekingalpha article even the though the title looks similar. I just find it cool and it rings.

For followers of Stan             Weinstein chart analysis (do google             this up, his technical analysis methods are really easy to use), you would have noticed that KORS has just exited stage 1 and is now at the possible start of stage 2. The high volume confirms this. Also, the crossover of the 30 SMA confirms this as well.

Fundamentally speaking, KORS has a low PS ratio of 2.05 (at time of writing) and based on Ken FIsher investment strategy, the PS ratio below 3 is fairly attractive. It also has low debts, which is a good thing as the Fed starts to increase interest rates.

DCF             puts KORS at a valuation of $71. Interestingly this coincides with the 50% Fib retracement of this chart. I have bought 25 shares (I am a poor college student) at $50.06 and will prepare to sell at 50% Fib retracement.
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