We hit the bottom@$35- hedge found covered his short 5million shares yesterday after hours
Yesterday after hours was a Stock Swap the person whom was hedging his long position with shorts covered his hedge thinking that the price hit its low
As we saw volume of over 900,000 shares buy orders in matter of few minutes at about $35
Sorry. Trend is down. Plus, stock market is due for a pull back and margin calls for a lot of longs. Simon Davies and the FTC and now The SEC is ready to send them a Wells Notice once they file their fantasy 4th qtr results. Good luck with that. Sheep
If that makes you fell better about a 3 day decline and more to come. That's great. But, you are wrong. Connect the dots. Margin Calls are coming. The mother of all long-squeezes. Also, The FTC has Simon Davies making a plea deal to help them uncover Herbalife's elaborate pyramid scheme. Look at the stock price. The institutions know they are running out of time to sell this stock before it's halted. Sorry Ackman was write. Go google who is Simon Davies.