Been following your periodic updates, and I can absolutely feel your pain bro!
I’ve been there with Amazon. Was selling monthly puts on it at-the-money with my entire account. Became a bag holder near the top late 2021 when it crossed my put strikes, and I foolishly didn’t sell calls to finance puts, which i should have done as soon as i was assigned.
I stopped looking at my accounts; at one point in 2022 i went from around March till Sept before I looked, and I was down $320k. I just kept waiting, and eventually it came back, and i started selling calls as soon as it neared break-even. I tied up so much capital over a three year stretch with a massive white-nuckle draw down in the middle.
I sure hope you can get out of this one eventually too.
Do you still have around 3520 shares?
You’re down around $180k, but at least your buy in price is within striking distance given Lulu’s P/E is in “deep value” territory.
With some positive news from the new CEO, I think forward guidance can flip and you’ll be back to your break-even rather easily (all you need is a p/e of 15, which is still less than nke and other clothing brands).
It looks like $100 is right around the floor. They tried to run it down to $96 but buyers keep coming forward. So i think youre in a good spot to ride it back up. GL!
br0botic on
I’m down 300k on LULU so I win
outoftownMD on
You must only wear Alo.
LitterBoxServant on
Does the bag even exist at this point? Bro holding nothing
35 Comments
*quivers trying to suppress a laugh*
Better luck next time friend.
Burry?
How much do you weigh
This is bad. I don’t think it’s coming back dude.
This is why I love this sub
https://preview.redd.it/kwvms3hlxzoh1.jpeg?width=1170&format=pjpg&auto=webp&s=f2e02158a50b19efc5ea1221a79cf4915634a9d2
I bought Lulu at 140 cuz of burry then I remembered he was a retard and sold at 145 thank the lord
Been waiting to share this for so long
https://preview.redd.it/fc4hwhi0yzoh1.png?width=1346&format=png&auto=webp&s=9ac8d3a52cd9ec9a724f17b0b6d4d4f9a4950907
Hey, at least it went up 2.16% today!
burry must be proud
Funny that Lulu collapses as Victoria rises on Ozempic.
Oh, thank God. I’ve been waiting for this update since earnings. Hope you can get out of this one bro.
Well, you better polish your downward dog pose, it will be very useful.
Making my Nke bag feel light w this one
https://preview.redd.it/4x9v50l1zzoh1.jpeg?width=1567&format=pjpg&auto=webp&s=90f2b51408ea62800c2b32a2c3ea1e037c05f204
Guh
Just keep holding it, it can go down much further 👍
Downward dog, toot that ass up big fella.
Why do this? Girls are not wearing lulu anymore, it’s a dead brand from the two decades ago.
sell lulu and buy nke
cucked by burry
You are Michael Burry disciple brother. At least you chose legit company unlike me lol
A true Richard Simmons of the Leotard.
Now all we need is Kathy to invest in LULU to send this guy away for good
Delulu
You sell covered calls?
Can someone fill me in, what’s this stock and why did op put so much into it and lost
https://preview.redd.it/kziws8ms10ph1.jpeg?width=320&format=pjpg&auto=webp&s=b8aec246ae60263b2f9cf20ded289e798c6f032a
Been following your periodic updates, and I can absolutely feel your pain bro!
I’ve been there with Amazon. Was selling monthly puts on it at-the-money with my entire account. Became a bag holder near the top late 2021 when it crossed my put strikes, and I foolishly didn’t sell calls to finance puts, which i should have done as soon as i was assigned.
I stopped looking at my accounts; at one point in 2022 i went from around March till Sept before I looked, and I was down $320k. I just kept waiting, and eventually it came back, and i started selling calls as soon as it neared break-even. I tied up so much capital over a three year stretch with a massive white-nuckle draw down in the middle.
I sure hope you can get out of this one eventually too.
Do you still have around 3520 shares?
You’re down around $180k, but at least your buy in price is within striking distance given Lulu’s P/E is in “deep value” territory.
With some positive news from the new CEO, I think forward guidance can flip and you’ll be back to your break-even rather easily (all you need is a p/e of 15, which is still less than nke and other clothing brands).
It looks like $100 is right around the floor. They tried to run it down to $96 but buyers keep coming forward. So i think youre in a good spot to ride it back up. GL!
I’m down 300k on LULU so I win
You must only wear Alo.
Does the bag even exist at this point? Bro holding nothing
Burry, is that you?
https://preview.redd.it/w7c71yh030ph1.jpeg?width=960&format=pjpg&auto=webp&s=139b466bcfb896d9c18f083b30105675cb22bbac