I am placing a sell order for my Lululemon ( LULU ) position.

I bought 145 stocks for $51.07 and currently the stock is trading at $61.94 for a return of 20% ! Part of the reason the stock has gone up is due to buyout  rumors. The company will be releasing its quarterly earnings reports this Thursday .  I prefer not to hold stock positions through earnings report releases  – In the past I have suffered some heavy losses after earnings report.

I am happy with the my 20% gain over four months and am willing to give up any gains that may occur due to a potential buyout ! See my prior discussion on this topic .

If you don’t take profit – it is just paper gains !