Overvalued by 100% trading triple what it's worth.
Lulu is overvalued by 100% like most stocks 10 billion market capital for clothing retailer? Just proof this market is overly optimistic and overvaluing equities. It's not even worth $20/share. and the market values it at $70/share or triple what it's worth. so market is crazy. either the market maker is shorting the heck out of this stock or distributing the stock to suckers. it's too illiquid to short big and too overvalued to invest or buy.
Are you a trader or investor?
I am sorry but if you are trader - you are in the wrong business.
I am making "tons" of money on LULU because I trade it (I am absolutely careless what kind of product they have)
Since last month when LULU was $66 I was talking about $70 level and it is now $70.50....
Watch it - LULU will hit $75 soon (at least by Summer).
there is no free market, there is rigged market with float this low. regular volume is 3 million today volume is 1 million..1/3 of regular volume where did the 2 million go? fake volume or market makers and brokers generating fees and rebates or SEC frees and exchange fees and market maker fees. don't #$%$ off man!