5/20/24 - $lulu - too much risk to owning it this wk into print5/20/24 - vrockstar - NASDAQ:LULU - clearly there's something wrong on a day like today where mkt is ATH and moving higher and 23x next year PE LULU is getting crushed. this is a bad omen for EPS, or the expectations need to come down and the stock is incorporating this. the real conundrum is beyond a beat (if that's the case this RIPS), the stock is going to probably take some time to find its lows and oscillate in the 250-300 region for a while (perhaps a quarter or two). if you don't need to own this, i'd probably let the EPS catalyst pass risk free. this px action tells a pretty dismal story of big owners that would seem to know something you/we don't. careful fam. i like the name and want to own it... but not now. too much risk.