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Arena Pharmaceuticals, Inc. Message Board

  • steveh8000 steveh8000 Jan 12, 2013 8:40 AM Flag

    An example of Hedge Fund Tactics

    Never trust these guys, they have an army of basher's and will do about anything to save a big short position. Follow this path of Herbalife trading and published story's from a huge hedge short position trying to take it down. As a recap, the stock of Herbalife – a direct marketer of diet shakes and energy bars – has experienced a bungee jump. This past December, the stock plunged 49% on news that Pershing Square hedge fund manager Bill Ackman had shorted 20 million shares of the company and accused it of being an illegal pyramid scheme that would go out of business (i.e., his target price is zero). The stock bottomed at $24.24 on December 24th within a couple days of Ackman's December 20th bearish presentation

    Sentiment: Buy

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