Weak dollar helps LULU, but ...

OK, let me try to get this right. lululemon athletica disappointed early in the week by forecasting Q3 revenues at 5¢ to 6¢ per share. The street had anticpated a flat 6¢ per.

Yet, all the year-over-year numbers are robust, as expected. Twenty-five new stores will open stateside, as expected. And now this: the Co is losing track of how much business it is losing as demand outweighs supply. In other words, it's a good problem as a new system is implemented for the small, but growing outfit.

Report on Business: Lululemon stretched by demand

So who's right, the bears who see an overvalued stock that has doubled from its original IPO price in less than three months? Or are the bulls in position to get more shares on the cheap? With Nasdaq up moderately today, shares of LULU dropped 2.2% to 35.03.

I'm not long, not a believer, but not a LULU atheist, either. Call me LULU agnostic. At least now, with some numbers to take hold of, I can have something to study. And there's still a lululemon location here in Honolulu that needs some visiting.