Gary Kaminsky Is Bearish On LULU

Gary Kaminsky, a former Neuberger Bergman manager, said on CNBC's Fast Money that he is bearish on Lululemon Athletica Inc. (NASDAQ: LULU).

He believes that this stock is priced to perfection and sees it as a momentum play. The company has a lot of hype from the Olympics in Vancouver and Kaminsky believes that they won't be able to keep the sales high after the competition. He also added that he thinks LULU is going down if they give a bad guidance.

Lululemon Athletica Inc. (NASDAQ: LULU) fell 0.82% to $28.96. Gary Kaminsky bought some puts, as he believes that LULU will fall.