As the stock goes up, it keeps creating more and more "value" that doesn't exist. The earnings can only grow so much, the revenues can only grow so much. This is WALL STREET in its rawness. These are one of the tricks. But it ends badly every time.
Yoga Pants manufacturer trading at 11B+ and growing by the SECOND! It is so awesome in its ridiculousness, I love it!
Looks like a shooting star doji today. Last May, it plunged nearly $11/sh in (3) sessions, and within 2 weeks (post-opex this May), it was down -$15/sh ($66). We may not be so fortunate this May. $66 should be the first target in May. Good opportunity for insiders to dump. Maybe they have loaded some pension fund(s) up with LULU, and they will end up being the bagholder? Janus Funds used to do that in the late-1990s. Squeeze up a limited no. of stocks by using the monies across all their funds, whether that stock fit the prospectus or not. That's how they managed to do 40% a year in some aggressive growth funds. When the market crashed in March of 2000, all their funds lost at least 60%. That was before the "bots", so my guess now is that most of volume is 100-share bot volume?