I just took a long position in the stock the past 3 days, but if I were short it with a nice profit, I would be covering. The potential for this to return to $50 to $53 near-term is much greater IMO than for it to retest the bottom it just put in again in the low $42's. And, the tax gain is better had in 2012 for the cover. When all these shorts start racing to cover to protect their gains and tax benefits of selling this year, the stock will move up quickly IMO.
I know, I have had at least a 500 share base position ever since the first time it dropped below 50 after Einhorn. I have been adding every time it drops to the 40's and selling in the 50's. I added a bunch again in the last few days and I am up to over 2k shares. I am not giving up, I just cannot believe it almost touched a 52 week low this morning. Should be in the 60's by now.
At some point earnings will matter. The lower it goes the more likely there will be a 15-20% spike back up in a day. HLF CEO took on that phony Greenberg face to face on CNBC and answered all questions. There is really nothing on this company other than rumor mongering. I'm sticking with HLF and NUS!