if you haven't already. They point out the danger of following these gurus (ACKMAN) when the truth is nobody know when they adjust their positions. The article even points out it might be lucky if hlf stock returns to original value before the attack. My friends, that's 10 from now. I I dont think it's luck that will drive it back up. It's going to be panic covering that does it.
I think this week we see half of that (5) returned. Specially with the HLF conference on deck. $38 target.
The pendulum is swinging. And I don't mean in a good way. When the stock was touching 25 everyone was negative and shorting. Now it's up nearly 30% and everyone thinks this is going to 40-50-75$. Back at 25 there was 20 negative posts for each positive one. Now it's the other way. This is setting up to be a good trade to the downside.
Downside is limited by the fact some but not all have covered. The presentation that's on deck will keep new short positions from forming. I agree the price wont fully recover as some might suggest. No way, it's a wounded stock. But another big push is happening based on # of shorts and the fact that company buyback may also be kicking in. At this point the momentum is still with the longs and will continue until we see some resistance, my guess around 35-36. I just keep adjusting my stop a buck under as it scales up.