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Dick's Sporting Goods (DKS +3.7%) and Lululemon (LULU +2.8%) trade higher after David Einhorn...

Dick's Sporting Goods (DKS +3.7%) and Lululemon (LULU +2.8%) trade higher after David Einhorn omits the companies from his list of targets in front of the Value Investing Congress. Despite avoiding the blowback from an Einhorn swipe, both names are still on the high end of the list of heavily shorted stocks.
Comments (4)
  • wapiti
    , contributor
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    Why would he comment if he was short?? So everybody would squeeze him?? He's probably shorting them both right now! At higher prices thanks to his "No comment"
    2 Oct 2012, 12:37 PM Reply Like
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    I wonder if Bernanke wears LULU to work so he can "work" his magic
    2 Oct 2012, 03:18 PM Reply Like
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    interesting note that LULU CEO Day exercised and sold 83k+ shares of LULU recently at avg. price of $74.55. Leaves her with 35k+. Not much of a vote of confidence IMO
    2 Oct 2012, 04:29 PM Reply Like
  • retailexecutive
    , contributor
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    Insiders have always sold a lot of stock. And why not ? The numbers are excellent and when should they sell when it is stagnant and an insider sale would hurt the share price. This will be a winning short trade someday but it is not worth the risk with growth numbers like EPS growth year over year of +49%. Too much focus on the 12 month trailing PE vs the forward PE ratio. management already stated that the year end numbers that the street was looking for will be beat. Hey go ahead and short. I respect the right for you to gas even if you are wrong again. Einhorn passed on this and why you may ask or should ask anyway. He said it was an absurd rumor. Hey but we can see that you are smarter than the leading hedge fund manager that is noted for good short calls. CMG got hit today..
    2 Oct 2012, 06:50 PM Reply Like
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