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Lululemon Athletica Inc. Message Board

  • fastmoneypete fastmoneypete Jun 12, 2013 9:12 PM Flag

    Chip Wilson

    Chip Wilson is (and has been) sheltered by 10b5-1. Besides the $50 mil stock sale of late, between Jan 10 and Jan 14, he conveniently dumped 300,000 shares for $21.3 million. After the market on January 14, LULU updated its outlook for the holiday quarter. Its revenue and EPS forecasts were below what the street expected and the stock fell 3.9% the following day. Of course, he got the free pass under 10b5-1....again! Ordinarily someone who frontruns the stock as blatantly as Mr. Wilson would be in jail for a minimum 5 years if it weren't for the 10b5-1 loophole, which effectively gives the insider immunity.
    Bottom line, No one but God would have the ability to time the market with 100% accuracy as Chipper has. Pretty pathetic considering all the shills who this billionaire sold his stock to were far poorer souls.
    So I ask the penultimate question: Why do all the hard-working longs continue to praise a company riddled with scams??

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