Lalapa…Lulu…Za

[Ags Nightmare]

While the SEC surfs porn, this one smells worse than the but crack of a 400 pound man sitting in a car with no air conditioner in the middles of the desert in the summer. The stench began Friday when mega pumper Jimmy Jones Cramer exclaimed a firm that sells over priced yoga spandex is basically bullet proof. Yes, yoga spandex. “Though most retail apparel stocks are cyclical and people tend to buy less of such goods when the economy slows down, “Lululemon is different,” Cramer said. “It’s what I call a high-octane secular growth story.” Cramer said Lululemon was different in that respect from Nike Inc (NKE.N: Quote), the athletic gear giant. “Lululemon is immune to the economic environment,” he said. This lit the candle for today’s 10 % or 7 plus point squeeze as reported in the so called media on no news other than a bald psycho spitting into a camera about a company that sells tight pants. Then, ironically the stock selling at 90 times earnings with a 9 billion market cap (half of the GAP) announced a stock split after hours. Nice chart of today’s action before the news came out and the stock rallied [...]

 

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