Phil Town's team sent a formal letter to Lululemon's board in April, raising two concerns: 1.A classified board structure giving directors three-year election cycles 2.Multiple long-tenured directors with minimal skin in the game — conditions that had quietly eroded accountability behind recent product failures and strategic missteps. The board responded constructively. LULU's VP and also the Executive Chair Martha Morphet personally called Phil's analyst, and confirmed support for declassification, which now appears in the proxy filing as a board-recommended "yes" vote. Three long-tenured directors have departed, replaced by Chip Berg (former Levi's CEO, bought $1M in shares immediately) and Essie Bracey, bringing real retail and brand-building experience. It shows that LULU's board are responsive to shareholders concerns with new composition, which is at least a positive sign. Also another note is, to us as investors, actually we don't need to hold lots of shares but as long as we can provide constructive feedback and suggestions, which offers value for executeive time, you might consider to try this way to engage in the future as well. The below screenshots are a small part of the letter. LULU's stock price drops a lot these days, but to be honest it doesn't bother us as Rule1 investors if you really understand our system, follow the strategy and bear in mind our goal is long-term value investing, I will cover this in the next days. :) Happy investing, Wendy

Something interesting I stumbled across. If you are using IBKR Trader Workstation, there is a new chart tool. From what I can tell, this is Tradingview tool with all the tools available. I haven't tested everything, but if this is true, win-win!! I feel that Tradingview is the best charting tool. Give it a go and see what you think. Let me know if there are any limitations.

Hi Folks hope you are all doing well and having fun investing. If you think your ThinkorSwim charts are pretty ugly and not very clean looking, I agree. I came across a great video that guides you step-by-step how to set your charts up in ToS and make them clean and easy to read. This video is not another way to invest or a different investing strategy to our Rule #1 trading, it's simply a way to set up ToS and make your charting easier to see. It was helpful to me, hopefully you will find it useful as well. https://www.youtube.com/watch?v=gyjRhCfhbT8

Two out of our three indicators (Moving Average and MACD) on the monthly $DJI have already turned red. The third (Stochastic) is rapidly trending in the same direction. We normally monitor these "Three Arrows" at month-end reveals where institutional "big money" is positioning. While a triple-red signal doesn't mean there's a market crash ahead, it's a defensive cue. You may consider to move your holdings—like those in your 401k, IRA, or Superannuation tied to broad indices like $SPX or $QQQ—into cash temporarily. And wait for the three Arrows to turn green before re-entering, which might give you bit peace of mind. This has nothing to do with our investment or option trading on individual companies, as we know how much they worth. Not financial advice.

- Growth: Rev +18% QoQ / +15% YoY. FCFA2S (Free Cash Flow) +16% YoY. - AI Impact: Management says "Zero disruption" so far. - The Moat: Fast coding is just "table stakes." What actually retains customers isn't code deployment speed, but deep understanding of customer workflows and data. - The "1% Rule": Most VMS software is <1% of a client’s revenue. It's too small to be a target for cost-cutting. Replacing one software with AI doesn't save much—you’d have to overhaul the whole stack to see real savings. - M&A Pipeline: Public market fear hasn't hit private sellers yet. They aren't seeing a rush of owners looking to sell cheap to Constellation. Mohnish Pabrai just bought a significant amount of Constellation; it’s now almost 5% of his Wagons Fund. Phil Town Currently holds 200 shares (added 50 this week). He’s looking for a better price to add his next tranches.