Let's say that ackman decides to throw in the towel and cover his 20M shares. how does he do it in such a way that will minimize his losses? Would he do it in stages or in one fell swoop of 20M and how would the impact on pps be affected in both scenarios?
He dumped his 39M stake in JCP to Citi in what seemed like one trade but can he even do this with HLF?
How will ackman cover his 20 million share short. Imo, slowly and painfully. I believe the option market is where he will focus and probably has been buying. Once the market senses ackman is covering there is going to be a massive squeeze. Remember this is so much more than a investment for icahn. To carl i. This is personal. Jmho-bucko