joshuanroberts
Long

FOSL: Dead-cat Bounce

NASDAQ:FOSL   FOSSIL GROUP INC
FOSL             fell on the earnings report, which wasn't as bad as the price went to so it should be bouncing back up. Yesterday showed the first day up and will probably continue. Market open will depict more.

http://thepatternsite.com/dcb.html
maybe part of the reason the decline on Friday was exaggerated, if this is actually the case, was the fact indexes were selling off and into the 9th day in a row-ish down. and the consumer discretionary group was the leading the whole market down.
+1 Reply
Agree. Either way, it's heading back up for a few days at least. It will probably continue a decline later after that but I'll be long gone with my profits. It shouldn't be priced at $35 at the moment so we should see it go to something higher.
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