High risk high reward LULU play on earnings
Updated
LULU is getting absolutely HAMMERED after-market due to bad earnings. It's almost down to $55 overnight. This represents an unprecedented buying opportunity... provided it doesn't fall through the floor I've outlined.
Watch the price action closely at the open. If there's lots of buying pressure, consider jumping in and riding the gap fade up. Could be extremely profitable.
On the other hand, if there's no buying pressure, don't bother with this one.
Watch the price action closely at the open. If there's lots of buying pressure, consider jumping in and riding the gap fade up. Could be extremely profitable.
On the other hand, if there's no buying pressure, don't bother with this one.
Note
There was no opportunity for entry today. However, I forsee a good long opportunity in the near future, potentially as early as Monday.
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