Whitney Tilson Still Long Netflix; Sees Lululemon as a Good Short

A hedge fund manager, Whitney Tilson, is currently on CNBC's Fast Money discussing his investments. Tilson told that he is approximately break-even on his Netflix NFLX trade. Last fall Tilson shorted Netflix, but has changed his mind since then and is currently long on the stock. Tilson also mentioned that he really likes JC Penney's JCP current management team and that Lululemon Athletica LULU is a good short although the stock is up 40% year-to-date.