Thursday, June 23, 2011

Lululemon - LULU

I have been watching Lululemon ticker LULU for some time. Yesterday, it restested the late April highs near 103 and intraday took it out but could not hold it closing at the lows. Double top? Possibly.

Today we are getting an interesting rally that is bucking the overall market, which I am prepared to fade by punting 1 unit of LULU short here at $102.92

Chart to follow shortly.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Short 1 unit Lululemon ticker LULU @ $102.82 stop @ $105.21


Anonymous said...

I had bought a top for my daughter for her Birthday in Aventura, FL, and when she tried to exchange it for a different size, they REFUSED, because it was just outside of their 14 day return policy, which appeared ambiguous to me, and it was a GIFT.  They failed to put a Gift receipt in the bag with the top, and the sales girl well knew it was a gift, because I requested it be gift wrapped, which they CANNOT DO either.

Customer Service, I do not see it, even after I spoke to their corporate offices, they still refused to accept the exchange.  Hopefully, this blog will send them a message that customer service comes first, and would have been more profitable in the long run.

For me, I will NEVER BUY any LULULEMON again.  You might not want to either if you support me and real customer service.

LULU's own MANIFESTO clearly states "Friends are more important than money", and clearly "THAT'S A LIE"

KF said...

Looked like a good trade to me too. Oh well, new all time high. Chipotle too. On to better things. The market seems very frothy to me, yet there are a lot of stocks showing death crosses. At least you had the stop. Maybe you're just a little early.

Harleydog said...


thx for the front line fundy research aka due diligence, nuch appreciated ! Hedge fund valets buy this because other hedge fund valets they lunch with buy it. Fad omo stocks like this blow up spectacularly.


Harleydog said...


thx for the note, shorts being run in,consumer discretionary will get obliterated in the coming debt purge. The question is not if but when. Just like the internet bubble.

thx for reading.