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Fossil Group, Inc. Message Board

  • crzyweasle crzyweasle Mar 5, 1999 1:22 PM Flag

    thanks, guys

    thanks jeff and will for encouraging me
    to
    stay for 38 :)) haven't sold a share yet
    and bot at
    27 a few weeks back.

    i sold wcii at 41 to
    get into this.
    i was going to sell fosl and get
    back into wcii
    when it found support,
    but now,
    hmmmmm, i think i'll stay and
    scrape up some cash
    somewhere else to play
    wcii some more. 38 still looks
    plausible,
    don't you think?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You are most welcome. That was a good move you
      made getting out of WCII at 41 to get into Fossil.
      It's ironic; but I made a little 24-hr play on WCII
      ahead of its earnings announcement last night; and it
      went up a nifty 2 7/16 today to close at 35 1/8. That
      was sweet. I may get back into WCII next week after a
      day or three of consolidation. It appears poised to
      make a move.

      Even if the Nike news does not
      sprout into public view, I believe Fossil can make it to
      38-40 by April Fools' Day. I gaze at FOSL's weekly
      chart; and I really like the consolidation it made from
      mid-November until the earnings release. This is a nice 10-11
      week base for whatever run we might see.

      Good
      luck in your investing.

      Will

    • I figure if we all commit not to sell our shares,
      it'll keep the price up, right? Interesting note
      previous to yours regarding Nike production. You'd think
      the company would issue a press release about this
      when/if it happens.

      38 certainly seems possible to
      me, but FOSL is riding the same momentum wave of
      other speciality retailers - WTSLA, AEOS, ANN, TOM, and
      others. Since I am needing to sell my shares sometime
      this year, I will continue to move up stops. I think
      my next stop will be in the 33 range since this is
      the price we tested three times before breaking
      through this week.

      Today's action has been very
      tight ... we saw a blip over 35 earlier, but right now
      before the close we're a tad below 35. Volume is a
      healthy 137,000 shares.

      Good luck to you ... and
      let's hope for a Nike announcement to pop it some
      more.


      Jeff

 
FOSL
106.50-0.47(-0.44%)Apr 16 4:00 PMEDT

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