You see "Yoga pant company. I see, "It brand, that consumer is willing to pay a premium for."
Big difference. Cost you a lot of money and will continue to do so.
UltimateStockAlerts (google them) sent me an alert on LULULEMON before it took off. If you want alerts like this one then sign up...fast
No, I made money on both trips, it was not 61. You need to go back and look at my post times against the chart and entry times I gave (IN ADVANCE WITH TIMES POSTED) and closing prices that day.
Look at the times and the charts, the charts don't lie. All good my friend...No need for sour grapes...I am trader, not investor or long term bear. You don't have to like my breed, but there are a lot like me out there who have survived for years. Me, in this game since 1991. I look for inequalities with lower risk in my opinion. LULU is actually kind of boring. I like it that way after a big spike up or down.
For example...if I was a bear, I would have carried LULU overnight...I did not. The market maker will take out the bears and make the bulls be patient. Because at the end of the day, he is often acting like a trader like me and hedging. He gets the advantage of making the market and seeing level 3 orders, but he can not go as one sided as I can. We both hedge.
Also made money on bullish hedges, but more money was made on bearish daytrades.
LEN offers good put or short opportunities today, could even have a great move down after earnings thur. That is my gift to you so you can make up for other losses. But, if you are like most bulls, you will argue in disbelief and say the game is rigged and refuse to put on the other jersey for a day.
It is OK to loose money and to admit you are wrong. Right now, the macros are taking the market down. Good companies like LULU get caught in the crossfire and have to wait to have their day in the sun again. Right now there are better put opportunities all over this money. I just like housing puts today because it HAS TO go down.
Bulls make money
Bears make money
Traders make money
Pigs get slaughtered
Today they are frying the bacon...I prefer turkey bacon myself
Sentiment: Strong Sell