Here are some strategies for Lululemon (LULU) and Restoration Hardware (RH). (June 12, 2019)
LULU RH
Lululemon ( NASDAQ: LULU ); we just don’t know which way it’s is going to go. It is up less than 4 percent after hours but this is one of those weird stocks that sometimes it gaps up a little bit. It kind of farts around the same level and then really takes off. Or this could be a bit of an exhaustion gap and so we will just have to wait and see. I don’t like to guess in trading, you don’t really make much money doing that anyway so we will just have to watch and see.
Another stock I like, it has a little higher probability trade, is Restoration Hardware ( NYSE: RH ). They crushed earnings; what’s even better is I like their furniture but that’s irrelevant to this. The bottom line is, they crushed earnings and the stock is up bigly, over 20 percent. Here’s what I am thinking we will be able to do tomorrow: I am thinking we will be able to short this stock. We have got to wait and see but if we short this stock what I am thinking is, I’ll tell you what I am thinking, coffee table. That’s what I am thinking; I am thinking I can make enough money on this short to get me a nice coffee table from Restoration Hardware ( NYSE: RH ).
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