Same boat with AH & GMCR. Expensive stocks getting killed by so so/mediocre earning reports. Is this a precursor for a no so small market meltdown for future events like Greece leaving the Euro? Faith on future growth is running pretty low at this point. While the overall value for stocks is pretty fair based on current earning. I'm sensing that company guidance is actually a more critical piece and the consumer based stocks is showing some real future weakness.
I'm gonna watch it for a possible Long Trade. If 70 holds as Support (like it did last August), FOSL could be good for a 40+ pt. move upwards - back to 110+ before it hits Resistance at 120-130.