Shares of iRobot Corporation (NASDAQ:IRBT) are falling after the company did not perform up to Wall Street's expectations. This fall is more like a major collapse with the stock down 30% on the day. On a technical basis, iRobot Corp broke the pivot lows from October and December 2017. This is extremely bearish for the stock as it means the next leg lower has started. Based on the technical weakness in the market and the pivot low break, I am looking for an ultimate major target of $44.00. With the stock currently near $60, it means there is likely quite of bit of downside to go, even another 30%+. However, if we are entering a bear market, that is not even a hard thing to achieve on most high flying tech stocks. I will be looking to accumulate at $44.00.