I am placing a sell order for my Lululemon ( LULU ) position.
I bought 145 stocks for $51.07 and currently the stock is trading at $61.94 for a return of 20% ! Part of the reason the stock has gone up is due to buyout rumors. The company will be releasing its quarterly earnings reports this Thursday . I prefer not to hold stock positions through earnings report releases – In the past I have suffered some heavy losses after earnings report.
I am happy with the my 20% gain over four months and am willing to give up any gains that may occur due to a potential buyout ! See my prior discussion on this topic .
If you don’t take profit – it is just paper gains !