His cost of staying in HLF is increasing too. If he hasn't already then he must begin exiting the HLF position with his back up against the wall like this. His investors can't be happy with the way he's managing these positions. It's like he's in Vegas and letting it ride. HLF is clearly consolidating/basing for a move higher. JCP is in chaos looking for a strategy. Ackman spells DANGER.
In the olden Greece era, when an establishment-basher used to get ostracised from Athens, sometimes making him sit on a donkey, (and then whip it out), he never used to return back generally. Are folks feeling the same here about the big hedgy Mgr against the all time great Carl? Will he move to California or Arizona desert? LoL! :-) If yes, then this is a modern-day version of the same scenario ... first he is loosing his shirt now ... next his short ... I shudder to even imagine what's there next! :-) This HLF will go back to its 52-week high beyond $70 very, very soon... its such a cheap, value stock, that has been unnecessarily sent lower by the hedgy-shenanigans IMHO.