My very first Swiss watch was a Swatch chronograph, which was about $120 at least fifteen years ago. I was quite pleased with it...no problems. So taking general inflation into consideration, that is a very decent price range. Keep the cost around 130 and I think you'll be doing OK.
At that price I'd get one myself if I didn't already have 8 quartz chronos (a Seiko, a Pulsar, an Invicta, two G Shocks and 3 Citizens).