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January 23: Week in Review

Full Transparency: Buying Lululemon

Buying Lululemon and making some sales

 

It's time to buy Lululemon. 

Now, I'm not into catching falling knives and Lulu doesn't even have a CEO right now. Worse still, the company is coming off a week when it made unwanted headlines after briefly halting online sales of its "Get Low" collection after customers complained that the fabric was too sheer. 

I went to the store, talked to the manager, and bought myself some controversial tights. After I recovered from my very mild embarrassment, I went home and bought the stock for the Portfolio+ account at about $192.

Check out the video where I walk you through the transaction and why I think the controversy is overblown, and providing a good entry point for the stock.

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