Tuesday, September 22, 2009

September 22 - LULU Trade

Following my trade watch for Lululemon (LULU), my short-sell trade was taken today at $24.40/share.


I've put a stop-loss order at $25.22 to fully exit the position. My expectation for a downside is a minimum of $1/share profit, however, depending on market strength I will look to revise this target. If the market continues to go strong, even though I believe it's over-bought, I will try to take earlier profits. If the market shows some weakness, I will hold on for more downside profits.

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