$$STOCK**$**OPTION**$**UNIVERSE$$©~S.M. BILLIONAIRES$$$

[ukie]

MOV continues downward slide. Nice put. Down $1.66 on the day.
Posted this two days ago. Just tossing out some trade ideas:

The high-end watch maker Movado MOV – NYSE missed consensus today on both revenues and earnings. Management says we shouldn’t worry though, because they expect a huge rush of sales in the second half of the year that will enable them to meet their previous full-year forecast

Frankly, I've heard that song before, and it almost always ends on a sour note.

MOV fell more than -10% on this news, but that’s just the beginning of its slide.The last two times MOV hit the top quartile of its trend, the follow-on loss averaged -28.05%. If this drop follows suit, it should run as far as $32.50. That’s actually a conservative estimate. Because if that’s a Head & Shoulders in MOV’s chart, then that loss would double!