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yeah thats surprising. never has the stocked dropped 7% without resitance and that too at or near its all time lows. Something is weird. either the traders are shocked, or there is collective agreement to bring low and cover positions.
FOSL is taking all retail down. Look at the stock getting hammered
Thank you!! FOSL has dropped almost 50% today and taking all retailers down with them. This explains it. The shorts are attacking all retailers along with fossil.They will cover though with the non-fossil retailers soon is my opinion.
Check KORS, RL, COH, TIF, etc. Fossil was stung by Europe. So, this is a double down opportunity for VRA which does not have sales in EU.
Thank you. That is an amazing drop. Decided to purchase 1000 additional shares of VRA...