$50+ is Ackman's Breaking Point in my Opinion Based on His Past Actions
Every time HLF starts creeping towards $50. the Hort Seller hit job stories hit the media. Herb Greenberg/CNBC and the Short Sellers gang start grasping for straws in an attempt to halt the momentum.
This is my opinion, but go back a few weeks when HLF hit $50 and CNBC reported that Ackman's staff was aggressively petitioning the FTC to investigate HLF. The stock reversed and hit low $40's. Yesterday's great news gave HLF some momentum again, so today the Congresswoman conveniently decides to go public with her FTC request against HLF.
However, HLF is very green and moving up.
Let's see what the next act of desperation is for the Short Sellers.
Any price over $50 for HLF will cause a quick rise in share price and the squeeze will begin.
If I were a short monkey I would be very nervous now with a Nielsen report validating what Robert Chapman, Daniel Loeb and others have already confirmed. Michael Johnson is sharp and not about to allow his company to get slammed for not having retail customers, that's insane to believe he would not push his IBO's to sell to everyone possible, Amway made everyone prove they have 10 customers buying product, no big deal. Good luck