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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (56400)	8/7/2024 11:40:05 AM
From: Trader J	Read Replies (1) \| Respond to of 56532

TRADE: Initiated new position in LULU at $242.33. Have been watching both ULTA and LULU for entry and taking both today. Soft consumer and dismal stock performance. Would like to add next position lower if I can catch another leg down. not as secure with LULU as with ULTA, more risk. But valuation, PEG and upside are there if they can figure it out. Premium product into soft consumer trends is not a great combination but recent high of $480 shows much of that has been priced in my estimation.