and deservedly so...I am not a fan of Herbalife, Pyramid schemes, or anything similar to them...however, this guy is really kinda over the top here with this bear attack on this company. What comes around often goes around folks.
Just don't get tooooo greedy here.
I am looking for a long entry point (which is coming). The fundamentals on this company, believe it or not, are sound. 27% sell off for no FUNDAMENTAL reason, is overdone.
I am also looking to go long in anticipation of a major short covering. I would be surprised if Ackman does not start taking off some of his shorts as the pps drops. Unless of course he has hedged his short position with calls. The premiums for calls are now so high, it would be better to just own puts and put spreads.
I am thinking of selling short the Jan and Feb 22.50 puts. The premiums are at their max. With any rally, there should be an IV crush.