Once Carl is done buying, whatever that finally ends up being.. 16..20..25%, then he will lock up his shares so the squeeze can begin. It wouldn't make sense for him to do that now and have the price go up substantinally if he wanted to buy more stock.
So I feel that in the next few weeks after hes done accumulating... then the fun will begin!
The relatively flat price action and price support these past few days has to make even the shorts begin to realize how serious Icahn, HLF, and friends are in accumulating more shares. Those who were anticipating a squeeze today should easily comprehend that if your intent is accumulating more shares at the cheapest costs, you would not lock up the shares until the goal is reached. The fact that Icahn probably could have picked up more shares on a market decline is just more evidence of how resolute he is in executing his plans on a much sooner timetable.
Sentiment: Strong Buy
Also to those who can understand this.. my trading account shows a 6% borrowing cost on short shares, which is extremely high!! Also there are a limited amount of short shares . Now just imagine those folks who have borrowed on 6% short and the price starts to go up slowly every week.. also once Icahns shares are locked up.. well now you really do have quite a situation.
I think it will actually not start for another 2-3 weeks, but that's my opinion. Also I think it will be start off as a slow squeeze.. then as it progresses there will be more media hype which will further accelerate the squeeze. My best guess is that we won't see $70 level until probably May - June.
The only thing that somewhat worries me is the negative spin / reaction that may be had during Q1 earnings from the additional disclosure.. however... now with two new board members they may find a way to reduce that potentially negative impact.. We shall see.. Will be a steady climb until then though..
If it doesn't start sometime today, guaranteed it will start next week. Icahn just finishing up and tying loose ends this week. He's almost got everything in place and the shorts will watch in horror as he orchestrates something beautiful that will be remembered for years...
MARK THIS POST....