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Lululemon Athletica Inc. Message Board

  • tchen389 tchen389 Jan 7, 2013 10:10 AM Flag

    Going Down

    We're right below the 20 day and 50 day moving average (74.69 and 71.76 respectively). Analyst downgrade last Friday and an announcement for a 5.7 million share sale by an insider (i.e. proceeds don't go to LULU). Still a LULU faithful, but as a trader, LULU has become a good short. I entered into a short position Friday (after the downgrade) and tried to add more this morning after hearing about the insider sale, but I've checked with my two brokerages (Scottrade and TD Ameritrade) and both have informed me that there aren't any available shares for be to borrow and short. I'm looking to short until mid 60s (around $66) then getting long from there again. Just my two cents!

    Sentiment: Sell

60.27-0.89(-1.46%)May 26 4:00 PMEDT