You think he does'nt know the SEC and CNBC will be watching his argument on why he thinks this is the best short of the "DECADE"? He has lawyers and many brains in his fund that do there work way better than you retail longs! Just a thought!
Not long to short but the timing of this is very shady .. This is a good company that pays a dividend interested to here his presentation. I am a buyer before the end of the year.
Why? Let's see...he's a big name hedgie mgr with a rep for calling spectacular bets, some of which succeed; some of which have failed. He's proffered to the market community, out of the "goodness" of his heart (HEH), a major open short position in an equity, and is now willing to augment that goodness by sharing his reasoning with the rest of us at a pre-announced conference?
Why how nice of him.
You can bet on this. It's a clear case of financial gerrymandering. He knows his name has clout. He has a screaming case of self-interest. And you're asking WHY? What I'd like to know is if he's still holding his short overnight, and exactly how much of it is he going to maintain going forward after this wee bit of "helpfulness" he's applying.
I have no position in HLF...but something smells here's. I'll follow the action from here for a few days with a great deal of interest. My self interest is to see how his self-interest sets this all up, because one way or the other the action ahead is going to be severe and dynamic. A perfect trading opportunity.
Your hero has probably already covered his short and you may be a victim tomorrow if you have not yet covered. He's just showing up on CNBC (if he actually shows up) to explain why he went short. In the mean time his buddy Einhorn played the PUT options game. A little tit for tat amongst fellow sharts.