raised estimates for FOSL 2nd quarter EPS to
$0.41 as per Zacks portfolio update service. This makes
it above the highest analyst estimate of $0.40 for
2nd quarter currently listed on the YAHOO! research
Of course, most of us Fossil bull-lites are
expecting a good bit more than this; but it never hurts to
see the ramping up of expeectations from the
P.S. Hey crzyweasle, good call on
the price even if you were five trading days late.
Will, I noticed that it seemed quite resilient
market went down compared to other
stocks. And, today,
it seems to be picking up a lot
more of the money flowing
into the small and
mid-caps than others.
My broker says the only
reason this isn't selling at
$60 today is that the
story is a bit mundane --
you know, just a watch
company, not a glamour market,
doesn't have "dot com"
after it's name, blah, blah. But, now, she says her
customers eyes are widening after the huge runup and they
all want to get in at a good price. She found lots of
interest here in the high 40's. I suppose there is
appealing about the low, low price of $49.95 versus
It may take a little more time for others to
this is not a fad, but is already an established
might think watches are mundane, but the
profits are anything
I usually do not say anything like this on a
message board; but I feel like we have a nice little clan
of long-time Fossil folks (especially you Jeff) who
have been through the volatile gyrations of this
My message: I seldom get such
strong buy signals as I am getting on Fossil currently.
Intuitively, I felt it is considerably oversold, but has
maintained its important support levels in the teeth of a
terrible market. After looking at the TA, here's where I
Bollinger Bands at 18, tightening up
for a strong move one way or the other. (My bet's on
up, obviously). Stochastics are at 18, displaying
oversold condition. RSI in a bit of distress at 43, but a
good couple of days will take care of that. The
candlesticks are displaying strong reversal signals.
Another factor, the US jumped in and bought dollars today
in order to strengthen the dollar vs. the yen for
the Bank of Japan. FOSL does not like it when the
dollar gets weak against the yen. This move by the US
(as a proxy for BOJ)shows that the BOJ is still
determined to interevene in this currency
Anyhow, the only disturbing thing has been the
institutional selling over the past week; but it appears to
have cooled off in volume the past two days. Besides,
I believe it was profit-taking pure and
I agree with you crzyweasle about not getting one's
portfolio overweighted in any one equity; but I had
lightened up my FOSL position considerably last week; and I
will begin accumulating tomorrow.
Well, we all know we could have sold at $53 3/8
and bought back in here:)) My paper gain right now is
70% since Feb, so I'm
to agree with you guys that this loooks like a
buying opportunity. I think we'll see a bunch more hop
on for the trip to $60 pretty soon. If I didn't have
so much tied up in this
one stock, I would buy
some more now. I have to maintain my
discipline about not being more than 10% in any one
though. If I didn't do that, well, I wouldn't be
My only regret is not
maintaining some WCII :)) Oh, well . . .
We sure have bumped around as of late. A few
weeks ago, we hit an intraday low of 43+, then a week
or so later, we were up to 54 7/8! Now we've fallen
over 10% from that high.
Crzy: I sure hope we
don't fall below 40! At least, we do seem to be
bouncing off of intraday lows in the last few days,
although we've set new immediate-term lows each of these
Earnings out in about 3 weeks ...
friendly family-style message board of
yester-month, it's kind of fun to have the ol' Fossil site
Many thanks to 'investortravel' (aka
sabrinatogo) that irrepressible world-class, world-gallopin'
stock-picker extraordinaire for keep us laughing.
crzyweasle, et al: Just dropping in to add some encouragement
after thet latest price moves. My take: profit-taking
by some of the institutional holders as they are
getting a bit of cold feet in the current market
environment. Also, it is not good for FOSL when the yen
strengthens vs. the dollar.
That being said, I like
the looks of the candlestick from today; and I
consider 46 or so to be our first line of support. If we
close below 45, however, we might need to regroup
around 38/39. I don't think this will occur; and I
personally consider this to be a great spot to pick up some
Good luck, folks.
You are an idiot. (I know... I have a firm grasp
of the obvious)
Why don't you help us "dumb
ones" by listing your top 5 holdings and we will track
your remarkable performance relative to our plummet
with FOSL to 25.