Very low volume today. And insiders were selling last month in the mid 60's. Peter May has unloaded over 4 million share in the last 12 months netting $274 Million. I'm guessing these insiders don't think the stock has much upside...
FOSL announcement of lower fy 2013 guidance tomorrow will be the start of a long and painful downtrend. Low low volume today means the majority are just trying to hold out for the next div.
I'm predicting this will be around 59-58 before earnings march 22nd. And then after another horrible quarter we will then see this pos down to high 40s if were lucky.
Not more people getting rich. Layoffs galore with high paying business jobs means less money to blow on high end luxury items. After layoffs they will sell owned jewelry and flood the market to keep there house and cars while looking for another great job that isn't there. Obama's redistribution of wealth is working great I think.