The pairs trade was the way I suggested to hold onto KORS short through this trade and just thought I'd show the "KEY HIDDEN EARNINGS
LEVELS" and how they have acted throughout the decline in KORS. Note how the 84 level was resistance once KORS gapped through it in July. Also note the 77 level which acted as support on the first test in July.
I removed the Coach information from the chart, just to highlight the KORS projection.
Tim 2:02PM EST Monday, 8/4/2014