Account Position Update $HUT + $LULU

Today I took profits on my $Hut 8 Corp (HUT.CA)$ long, taking about half of my position off here around +35%.

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I will be rotating these profits into a long on $Lululemon Athletica (LULU.US)$ for their earnings in post market tomorrow. This is an extremely high risk and high volotitily position.

My thesis for $Lululemon Athletica (LULU.US)$ is that all bad expectations are baked into the stock price already. We’ve seen analysts cut target prices and there is a low overall EPS expectation from Wall St. I believe this forms an asymmetric risk reward setup where any unexpected strength or optimistic tone from management could be the feul for a relief rally in the stock. We will see quite quickly how this thesis plays out.

Not financial advice! Always do your own research.

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