Lululemon Athletica Inc. (LULU)- holding up well 336.31-12.88 (-3.69%) As of 12:34PM EST. Market open.
Boxlight trades at 'unusually low' valuation, says Alliance Global Partners 12:28 BOXL Normally I wouldn't highlight this but I totally agree. Boxlight is from our Phantasma thread where it traded for surprise the same $1.00. It is worth $3.00.
It's beat down pretty bad isn't it? lol Stoney all last month I saw whale-sized bets in the options markets on this thing. There was even a few yesterday too. I'm not talking a few million dollars, I mean big bets. Single leg type. I think these analyst estimates have sandbagged the thing this time, and I think it's gonna smoke the numbers. And unlike FB, the conference call will be positive. One thing no has mentioned across the various financial media outlets is the deal with Apple and IOS. Remember that? The stock got hammered, and class action lawsuits rolled in because the CEO had said it wouldn't hurt them, and later said it would. Where am I going with this? Somewhere way back when I read an in depth analysis of what was going on behind the scenes there, and in a nutshell it said they had a workaround that was "nearly completed" and would basically do what IOS had previously done before Apple changed things. I'm thinking it's done, the whales know it, and it will come out in the CC tonight. All that said, it's rare a stock drops like this and comes back anytime soon. So.... they better have the earnings report from hell and a conference call for the ages. Moving on... Your dog Leslie Pools reports tonight. I thought about putting some in Granny's shorts at $21. I didn't. But I think it's going under $20 this time. Easy. Labor and supply chain will hurt. Plus... that stock is so overpriced even in a perfect world. I think it's gonna tank. The Goose reports tonight. No opinion at $30. Are you still in? I'm not. Deckers reports too. It's always volatile on earnings. It's at $326. Tough call. The forecasts look a little high to me. Not in line with Sketcher's using several metrics for comparison looking back 8 quarters. There's a slight disconnect. Either Sketchers is set too low, or Deckers is set too high. I think Deckers is too high, but that said, it has a long history of frying shorts so... too risky. Ask Mrs Stoney if she likes Este Lauder. They had a decent report and the stock is down. ($EL) That's usually a good stock. $24.80 on SNAP now as I type. LOD Who knows. I'm gonna ride it out. It's only money right?
I just added more shares lol. $24.70 Time to light some candles and sacrifice a chicken I guess. I'm tempted to add even more. EDIT: It's $24.40 now. We might have to get a goat. EDIT #2: It's gonna run into the close. I just know it.
I am not diggin' this lack of strength into the close one bit. If it doesn't get above $25 by 15:55 est, close your positions. Or at least lighten up some.