..it come down to $28.Im saying this even though I have shares at $40.I had my chances to sell 3 times and I didnt.My loss is only on paper, so its no big deal to me really.I would like the chance to buy some more at $28 or even less and average down, I have no problem doing that.Market is punishing everyone and will correct no matter what shorts will say to scare you into selling.Remember that still as of last quarter 82% of revenue is still from Canada and those from here will know lulu is as busy as ever, this is not UA, and it will never be.
Institutions are waiting to buy this, when you look at the volume most is coming from anony sellers.Q4 will be at least double..you can take that to the bank.I think its great for you ppl on the sidelines, you can buy in nice and low and wait...it will just take me a little longer, but I need to wait for my 1 yr cap gains anyways.Im holding but will buy again soon.
I can agree with you that LULU isn't UA. I think UA has a much better long term outlook. The market overreacted heavily to UA's announcements of an earnings beat and raised guidance for next year. They're rolling out an entire new product line, which in and of itself will probably add 100 million to the top line, this year in the spring, so of course their profits are going to be much greater percentage wise in the second half of the year than the first. I've never seen anything like it. People are just being nervous. As for LULU, if they reiterate their estimates this time at earnings, there should be no reason for the stock not to go back to 40. Of course the market at the moment isn't concerned with logic as much as fear.