yep, this for the first time in months did not play the game...took a point, out at 55 even, but then got greedy, brt at 54.43 and just watched it fall, had enough at 53.73...first loss on lulu for a day trade in months....Serves me right. No way holding over the weekend. 75% cash now.
Volume sucks and on a huge up day? Hmmm. Well tech and others, you could get your wish soon. Time will tell. Personally, I would love her to drop to mid 40's and then rally. Think next week will be a real tell, wonder what price Lulu would have been today with a drop of 250 points?
This is a serious Call option issue. I hate to say this but probably look out below until Friday if we do not see some turn around by Tuesday. It would not suprise me to see below 50, on a day like today even the garbage stocks besides AAPL were heading up, even 10 cents would have helped, this was a statement by the MM powers that be, LULU isn't going anywhere until they say so.