I just placed a LO for LULU at $88.90.
Currently, LULU is at $89.17, $0.08 off the 52-week high of $89.25.
I expect some profit taking tomorrow and I can finally get a position in LULU. Even though the stock price seems high and I may have missed the rally, my reason to invest in LULU (Growth in US, Male and Youth Market, Opening a Store in Hong Kong and Possible 2:1 Stock Split) has not changed. Unless these fundamental info changes, I'm bullish that LULU still has room to grow.
No comments:
Post a Comment