FOSL fell from its earnings report to a multi-year support line. Each time it hit that support line in the past the stock rose $20 or more. Today that support was broken and as I said in my video and recent blog post, if it breaks that support line "run for the hills". It looks like I wasn't the only one thinking that as the stock tumbled 7% today after breaching that support line and, in my view, sits in no mans land. I think FOSL could be headed back to $40-45 a share, but it currently is so oversold that I wouldn't take a chance on the short term puts. The support line was our friend and now its gone. Time to move on.