No-- the real problem (as I've been saying for 2 1/2 years) is that most women now have a closet full of yoga pants, even if they don't do yoga. Even the cult lulu followers have pretty much all the basics in a wide variety of colors, and don't get nearly as excited about the new stuff as they used to.
The technical term is 'saturated' -- Canada is already done, and older markets in the USA are following.
I don't know if I agree about 65-70. I do think this has 55 to 59 in the next few months. I usually short as well. I will do a covered call on this puppy. makes more sense. Buy some and write the calls. easy money. If I am called out of the stock I dont care.
Don't listen to these bashers. Women do like to show off. Why do you think michael kors is doing so well. Women like to rub it into other womens face they can afford expensive stuff. I was on the train yesterday and I saw a woman getting off in Camden with a michael kors purse.
LULU will do fine IMHO this too shall pass. Buy and hold to 65 - 70 ..
Nonsense...unless you're short, it's a great stock. Women love it if they fit into it...nice clothing but stock was priced for perfection and now it is way over-priced compared to it's growth rate. I expect more weakness in SP and I have traded accordingly - SHORT!
Sentiment: Strong Sell