• If you're going to dance among the hedge fund elephants you better be nimble. That's the basic thinking of Allstartcharts.com and founder of Eagle Bay Capital J.C. Parets as he tries to make money for his clients by trading shares of Herbalife (HLF).

    A quick refresher course on Herbalife might be in order. Last December billionaire investor Bill Ackman announced he was shorting the shares of nutritional supplement (?) company Herbalife. Ackman maintains the company is a pyramid scheme and believes the stock will go to zero. Putting his money where his mouth is, Ackman announced that he was short 20% of HLF's float and wouldn't cover a single share.

    Ackman has plenty of enemies on Wall Street and they were quick to pounce. Among those enemies is billionaire Carl Ichan who famously went on CNBC and suggested Ackman was exposing himself to "the mother of all short squeezes." With Ackman sitting on so many shares on the short side, Icahn and other Wall Street "whales" pounced, buying up Herbalife shares and "squeezing" Herbalife higher while Ackman squirmed.

    Whether or not Herbalife is corrupt is debatable. For Parets what matters is that all those buyers create an upward pressure on the shares. As a technical trader Parets is indifferent to the fundamentals. "They sell vitamins?" he scoffs in the attached video. "Who cares what it is. It's a stock."

    Read More »from Herbalife: Monster Short Squeeze Coming Soon, Says Chartist
  • BlackBerry (BBRY) released its quarterly report this morning. Losses were less than expected at 47-cents a share versus estimates of 49-cents. However, the company came in a bit shy on revenue at $1.57-billion versus $1.61-billion. CEO Thorsten Heins expressed his disappointment in a press release. But the company has canceled the traditional conference call with analysts. On Monday, BlackBerry said it agreed in principle to be acquired by its largest shareholder, Fairfax Financial for $9 a share.

    J.C. Penney (JCP) is now down more than 7% in early trading. The company revealed more details this morning of a share sale which it announced yesterday. JCP plans to sell 84-million shares at a price of $9.65. That's where shares are trading now on the announcement. The whole situation is really a bit confusing. Yesterday CEO Mike Ullman said liquidity levels were fine. It was after the close, the company appeared to reverse course, with news of the share sale. J.C. Penney stock is now down

    Read More »from BlackBerry Losses Less Than Expected; J. C. Penney Details Share Sale; Nike Races to New High
  • How much would a government shutdown hurt Wall Street? The deadline for an agreement on a budget is Tuesday. Vote below in the daily Hot Stock Minute poll. But first, watch show host Lauren Lyster ask Yahoo Finance Senior Columnist Mike Santoli about the matter. The pair also talk about BlackBerry, J.C.Penney, and new data on Personal Incomes and Consumer Spending.

  • Two companies, both on the brink, have made major announcements this morning. We're talking about BlackBerry (BBRY) and J.C. Penney (JCP). BlackBerry has just released a quarterly report where losses were less than expected, but dismal nevertheless. The news has sent shares more than 2% higher. As for J.C. Penney, it's down 7% on details of a massive share sale. We have more on both companies in our "stocks to watch" section, But now the latest on a government shutdown, which could come Tuesday. Yahoo Finance Senior Columnist Mike Santoli has more in the video above.

    A new window of opportunity may be about to open for Alan Mulally. All Things D reports the Ford (F) CEO has quote, "vaulted to the forefront of candidates to replace Steve Ballmer at Microsoft (MSFT). The software company announced last month that Ballmer would be leaving within a year. Another potential replacement is Stephen Elop who's rejoining the company from Nokia (NOK). Microsoft shares have been down 1.5% since

    Read More »from Threat of Gov’t Shutdown Looming; BBRY & JCP in Focus; Fruit or Fries at McDonald’s?

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