LULU is nicely forming a cup & handle pattern and seems like breakout above $80 is more likely now. Safe to enter right after the BO for a quick trade I guess rather than jumping the gun now
If it breaks above $80, shorties will be scrambling to cover fast and furious.
I love the fact that those who shorted LULU based on the fiscal cliffy thingy has now dug themselves a nice burial.....
Who knows, LULU may rallied to $100 next month if Christine Day does what she did last January (preannounced strong Q4).... Does anyone remembered those days? SWEEEEET!
Can you say 2for1 split?
I currently have no positon in LULU but do monitor the stock trading activity.
That's a classic. Right along with I watch football but I'm not a football fan. Or even , yes I know there if porno on the net but I never found any. Thanks for the chuckle this morning.!
It's more a teapot than a cup and handle. But you could also call it a spade-play too.