I agree with the 40s limit.
However, if you look at the charts volume you'll see millions of millons of volume from 75$ to 55$ and little volume from 55 to 40 and then heavy volume again 40-25$.
It is therefore predictable the Ackmann shorted some from 75 to 55 - which means he'll be positive and only a few more under 40. The
I believe this closes at $40.50 tomorrow and $43 on Wednesday. There is a lot of fear on the short side. Remember this is where a lot of shorts entered the trade between $36 and $40. I just do not think the shorts can stomach this anymore, imo. Remember Ackman is short from $55 to maybe $40. He has not felt any pain yet. I sure would not want to be on the short side anymore... jmho
I think it may hit $40.00 on thursday. I really doubt the conference on thursday is gonna be negative for Herbalife in fact its sure gonna be positive. Heck it hit $39.07 today so by thursday-friday we can see $41-$42,75