I noticed this stock at the IPO because it's my old girlfriends nickname of LULU. And there's a bar on the Florida coast with that name too.
That said, it has a great following and guess lots of people love that name, LULU. I almost bought the stock solely on the name. But, hey I'll wait for the stock to be oversold and dip after the IPO. It didn't until now 6 months later.
I just read the SeekingAlpha article and my thoughts are it could go up; it could go down. But, one thing is certain, on a disappointing earnings quarter this stock is going to a P/E of 17.
You better have a stop loss on this if you are LONG.
Actually, it never did dip below the IPO.It had an IPO of $18 but went up to $28 the first day, I know, I tried to get in on it but backed off because it was up 50% the first day.I waited until it was $ 36 in mid september, my order didnt go through bcuz of a problem with my account, the next trading day it was $40 and I bought it then.This thing has gone from low 30's to mid to high 50's 3 times, great way to make money if you could pull the trigger then.
I agree if they miss a quarter, a bit of the steam will be taken out of the valuation.But a PE of 17, i dont think so.If that happens, it will be awhile from now and US stores will continue the growth and steady the price.This low $28 was a gift and I wish I could have bought more.This will rise again to $47+ in the next 2 quarters, IMO.Cheers to ppl who bought more on the dip.