That is all it is, just ANOTHER day. But those who short today will most likely make 50% return in the next 3 years. Just have to hold and remain solvent. Could buy 3 of the most popular retailing companie today and have 2B extra for the price of Lululemon. Not urprised as the market grossly overvalues companies all the time(Netflix 3 years ago, Groupon, etc). THEY ALWAYS CORRECT because money eventually flows to assets that will make them the most money and Lululemon has been a lemon that has been squeezed for years now. Getting pretty dry and desperate at this point.
Todays move was shock value.
Does anyone really believe that Stephen Mandel became a billionaire by announcing his buying habits BEFORE he has entered a solid position? Get real. He's been nice and long since the correction from the low 60;'s. He's made his money. Now they dump.