lulu didn't discount at all this q.. margins are definitely peaked. going to $29 (20x '13) thats generous. some covering today but definitely an easy short that you can add to on pops. (and beat eps on tax!) pile on at $45+
You didn't cover your short? Hell, that's what I count on in a dead cat bounce play.Take the money and run man,there's 10,000 stocks to choose from, shorts do have a silly habit of hanging on too long and cover throughout the day, that adds to my profits.
Story of my day :( held too long
downgrades comming....wait until the analysts get ahold of a MOMO high P/E stock that missed topline and guided down.bloodbath comming...short at will