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Linn Co, LLC Message Board

  • makemy2005 makemy2005 Jul 11, 2013 8:18 AM Flag

    DIAMONDS IN THE ROUGH............

    Back in dec. of 2012 I bought a co. named herbalife(hlf) which dropped from about 49.00 to 26.00 within a few days starting on dec. 19th. The drop was the result of a full-fledged bear-raid led by a guy named Bill Ackman who wrote 400 page report destroying the stock saying that it was nothing short of a Ponzi-scheme and also citing stock trades by a mid-level employee as insider trades. This 400 page report, all while the author openly admitted to a huge short position taken by his fund, all but cut the market value by almost 50%. Not only this but guess what followed shortly after the bear-raid, yes an SEC investigation into HLF. But by jan. 25th. a short three weeks later, HLF was back up to 49.00 after the SEC announced NO reason to move any further citing NO wrongdoing on HLF'S part or any of it's employees. So, needless to say I made money on that purchase, as gutsy as it was, I didn't bet the farm but took a reasonable position which nearly doubled in three weeks. DE JA VU?

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