The downbeat guidance slashed ULTA's price almost 20% on Friday, I was able to get out at 96.5, having bought near 100 few months ago. The drop provided me with a big lesson for the future, I really like the company but the trend is broken. A big red flag when I purchased the stock was the departure of 2 CFO's within a relatively close period.
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To make money in stocks you must have the "the vision to see them, the courage to buy them and the patience to hold them". And patience is the rarest of the three. Thomas Phelps Categories
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