The hype for LULU shares should die down over the next couple months, most likely rebounding for the holiday season. The company maintained but did not raise its guidance for earnings estimates which means that there is no compelling reason for new investors to buy the stock at the current time. On the other hand, there is lots of motivation to sell as IPO investors are up close to 100% and there is a lot of risk in stocks these days with all of the economic problems in the US. I would sell now and look to rebuy in a couple of months if you want to continue to own the stock. I expect that the stock could pull back below $30US in the coming month.........
$34.5 (09/11/07)
