Algo trader. Daily market takes. I follow @ProfitsTaken: 20+ yrs in markets, ex-licensed broker & options specialist. What I use š (affiliate link)
Joined June 2015
- Tweets3.8K
- Following559
- Followers814
- Likes3.2K
Pinned Tweet
Seeing a lot of buzz around $LULU here is my take:
yes technicals are saying oversold, but there is a reason its oversold. The margin compression and market share loss it has seen in the US is killing it.
LULU used to stand alone in the space and held a monopoly. Now you have ALO, Athleta, Fabletics, Vuori, Gymshark.
Here is how I would trade this. Let it report earnings on 9/3 after the bell. Make sure they dont miss again too avoid another drawdown. If they show that they are making ground back in the US market then I would start to scale in and hold for the longterm.
The numbers:
$LULU ~$123
Not RSI-oversold today (RSI ~53).
The oversold case is the DRAWDOWN.
ā¢ 52w: $104 ā $226
ā¢ Down ~45% from the high
ā¢ Still 20% under the 200-day (~$154)
ā¢ Death cross intact (50-day ~$118 / 200-day ~$154)
ā¢ Base building $104ā$120
ā¢ Short interest ~10% of float
Valuation is the real washout:
~10x trailing earnings. ~11x forward.
~$11B sales. ~56% gross margin. ~31% ROE.
Street used to pay a growth multiple. Now it prices āgrowth is dead.ā
Next line in the sand: $104.
First real repair: reclaim $154.
Earnings Thu 9/3 AMC ā that print decides if this base holds.
Education only. Not advice.
š¤ Made with AI
X group college football š parlay
Everyone send me a leg and everyrhing I get before noon I will place.
If we hit you all get a slice of the pie.
I do this with my fantasy football groups.
This is what we got @EthanBishopRE and @Jcruuuz31
You both liked NW had to book it gonna get busy here soon
Letās ride boys!
Everyone is freaking out about the market .
Relax I was just dressed up as a chicken š things could be a lot worseā¦
š¤ Made with AI
Did you hear there is going to be an apocalypse in 2027 better sell all your stocksā¦
š± $MU Sorry folks, I have a thesis that despite blowout earnings Micron Technology will crater as the market tops out in 2027. Be cautious, AI expenditure is not sustainable. The apocalypse next year is inevitable.
Micron is a $300 stock trading at $1,000. Thoughtsā
Hit the track last weekend (Keenland)
Favorite event of the year for me. Such an electric event.
My buddy fat fingered a trifecta (box) for $20 ($120 total) and printed $2600 lol š
Have you ever been to a horse š race?
I guess my boomer ass (I am a millennial) missed the whole letās give away a dollar to follow me X money thing š
My opinion- those arnt real followers/friends. They are like crackheads on the sidewalk. Gone after the fix
I am sure it probably violates some guidelines somewhere as well.
In the past 24hrs you all blessed me with 176 verified followers š«¶š» I want to thank you all again!
I am curious if I will stay in your algorithms. Let me know if you see this just as a test for my knowledge.
I have almost blown through next months goal of 100 verified followers. I am going for 500 verified followers in November. Maybe this time it will be a little harder!
People who made a lasting impression
@marispetrovs
@jeffbatesx
@nickelx
@michaelbeal1
@TeslaBTYLUV44
@kenashe
@PaulShipsAI
Scaling out of this position this am. No signal from the algo but using its range.
Cut half of the position right above breakeven (unfortunate penny tick on my trailing) but the 5/10 contracts ran well and scaled out of those. Probably have 2 runners still working.
This is why you follow a protocol. Unfortunate timing on my first t-stop but protecting profits at all cost.
I feel like itās getting very obvious that a lot of big players are going full go on their AI buildouts and are willing to let key verticals of their business take a hit in the short term.
First one to the end of the rainbow gets the pot of gold
