If earnings are great/blowout, they'll take this to 85-90 in a short capitulation squeeze / blow off top and it will sink forever more.
If earnings just meet revised guidance, we've already seen the top...
If LULU reports $0.49 tomorrow (matching raised estimates), the stock will get clobbered at the open. They need to beat and beat handily AND guide higher.
But then again, this over-bloated pig of a stock has defied before and will defy again, until the blood sucking maggots at Goldman Sachs, etc. are done playing their game.
right on.. yeah that's one upgrade but in general the enthusiasm is a bit more muted right now. anyway, yeah we'll see tomorrow morning. I'll either at least double up or be down 75% on my bet.
namaste my brother ;-)
Dude ... no need to get excited. We will find out tomorrow morning.
The point of my previous post was you said no one has raised their target price. I proved you wrong, it was raised to $86. That's all.
what's your point? you either are trying to sway me into bubbleonian land to believe that your little fairy tale of 43x earnings is anywhere near reasonable for a retailer with growth rates that nowhere near deserve that kind of multiple. Either that or you are trying to convince yourself that this is still a growth play (in the stock) and hoping it keeps going.
Since you like to share snippets here's one for you bubbleonian:
"Jefferies says it would not be surprised to see Lululemon create more beatable FY12 expectations when reporting Q4 results on Thursday, March 22. The firm thinks management's FY12 guidance could create some near-term weakness in the stock, but expects any pullback to be brief. Jefferies keeps a Hold rating on Lululemon shares with a $73 price target."
It may or may not be tomorrow but this will come back down to Earth. It always does. It's never different. Time to go buy my girlfriend some Athleta gear... much better value..