Like how a fisherman lets the wheel loose and winds back the fish on the hook, he needs to stop fooling around and wheel the catch in for the photo grab. Its probably time I think.
Here should be his gameplan. There are many methods to engineer short squeezes. My personal favorite for this situation is the CUSIP change method.
Starting tomorrow morning he should throw money at this thing. Buy it up 20% premarket. Get HLF on board with a CUSIP change request.
HLF should be up 20-30% premarket. Come market open at 9:30am EST, HLF should announce a trading halt due to a pending announcement. By that time they should announce a CUSIP change of their common shares.
This will lead to immediate share callbacks at a 30% marked up starting premium on HLF since today's close. A CUSIP change requires shares to be called back and then re-issued to shareholders.
That together with the rush out the door phenomena given the huge short interest will really drive this stock up the likes youve probably only seen with Volkswagen in years past.
majorbagholder I agree with you. That would work quite well and I believe something is going to happen shortly due to the fact that the float is drying up. 100 blocks all day long just retail investors jumping ship. I just don't think Icahn will be able to fill the % he desires. I think we get news tomorrow. Thursday has been Icahns day the last few weeks. jmho
Sentiment: Strong Buy
Why should Carl Iachn be in such a hurry? he still have additional 8% to fill.
Rememeber during the interview, he said that he did not want to buy shares in such a price range. Couples of day late, his SEC report showed he had actually bought more at $40s.
My guess is that Icahn will be silently buying, and there will be no new until he get his position filled.
Why does Carl Icahn want to do that? he can sit back and quietly acquire more shares in high 30s. the Time is on his side, not Ackman. Ackman need cover his short this year, because after his lockup period expiring, his cost of short will grow to about 20% each year.
I think Carl Icahn may have some buddies in FTC and SEC also. So as far as I see, I don't think FTC will come out this time to declare that HLF is a pyramid scheme, or there is any investigation result for SEC.
OK, let's guess what will happen next:
1. Carl Icahn may report that he gain additional 5% of HLF stock.
2. SEC may initialize an investigation for Ackman's involvement as SEC has already investigated HIF, I don't think SEC investigation for Ackman may get any conclusion, however, the investigation itself will have some real interesting effect. As you can see, there may be some connection between Sallly Greenberg and Herb Greenberg, and some connection between Herb Greenberg and A.ckman. who knows.
3. Ackamn may fire another bullet, drop the stock to another 10%?
Just relax and time is on the long side for sure.
Hey man, Icahn can only buy 8 million more shares. Ackman's break even price is about 10 bucks higher from here. Even after Icahn buys ALL 8 million shares we will still be below Ackmans break even price. Who will hold up the price after Icahn buys 8 million more shares, man ?
Hey man, did you clean your room, take a bath and brush your teeth like your mom told you to do, man?
Don't plss her off, man, cuz you shouldn't take for granated that few parents will let an unskilled, unemployed, drug abusing and useless person as your self live in their home and leech off of them for as many years as you have, man.
Sentiment: Strong Buy
Icahn's shares are in margin accounts ( per his SEC filings). His purchases to date I assume are therefore mostly loaned out to the shorts. Fireworks will start if/when he moves them out of margin!