Tuesday

Lululemon - Goldman 1 vs theinflationist 0

Post a Comment January 10, 2012 – 2:49 pm |   | Permalink |  Print This Post |

Lululemon is up 14.87% - now trading at $61.40 - OUCH!

Michelle Tan, analyst from Goldman had a BUY on Lulu last week. At the same time, we fired a tiny short in the yoga retailer. Feeling the pain at the moment, but very happy its up. Our initial position usually serves as a depth gauge.

One concern we have is the huge number of shorts - up to 10% of shares short at the moment. NOT a good sign.