A. The PE is out of whack -- 45 is too high even if you buy the argument that there is still plenty of growth. B. The bloom is off the rose -- Lulu is still an excellent company but it is not this season's hot brand at the mall anymore -- it's target audience of very trendy women are moving on to the next new thing. C. Competition -- other fashion companies have caught on - will women still flock to Lulu when they can get the same stuff at half the price elsewhere? Will Lulu still be able to maintain its profit margins? What happens when for the first time it has to deal with price competition? D. Check out the beta. It is very high, which means that this stock historically shoots up in bull markets but will crash in a bear market. Which do you think is more likely? Have we ever had a bull market in a year of big tax increases? Even if you think that we will avoid a bear market, does not it make sense to ease up on more volatile stocks just in case?