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Fossil Group, Inc. Message Board

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  • araemrikian araemrikian Oct 4, 2002 1:16 PM Flag

    something must be up

    Looks like we are testing CRITICAL Support-$16

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    • Hey guys,

      EVERYTHING in the market is getting crunched.

      I doubt very much there is anything fundamentally wrong with FOSL, but as I suggested previously, investors are not enthusiastic about the success of retailers for this xmas.

      Also, economy is taking a big hit because of West Coast shipping strike.

      Should've held my short position in FOSL.

      Hate to say this, but markets will be getting worse through the end of this year.


      • 1 Reply to khazad_doom
      • True everything is getting crushed in the retail sector like ACMR. They reported 18% earnings growth which was at the high range of expectations. The following day they were down graded, and the stock gapped down. I also think all the insider selling has put real fear into the long term investor. All those share sold in Sept. sent the wrong message about the stock. No one wants to buy a falling dagger, but I agree that the company makes great products and will rebound one day.

27.81-2.76(-9.03%)Jun 24 4:00 PMEDT