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Herbalife Ltd. Message Board

  • tlee22202 tlee22202 Dec 22, 2012 9:14 PM Flag

    Comparing last week's selloff to the May 1, 2012 selloff

    Looking at the selloff which began on May 1, the high on the first day of the selloff was 70.75 and the low on the final low day was 42.15, resulting in a total decline of 40.42% before the trend reversed.

    Looking at the selloff from last week, the high on the first day of the selloff (Wednesday) was 43.20 and the low on Friday was 26.03, resulting in a decline of 39.75%.

    What is interesting in this comparison is that the second selloff so far is within 1% of the total decline for the first selloff. Is the bottom in?

    Now this may mean nothing since it took about 10 days for the first selloff to form an actual bottom. Just tossing this out for some comments.

    Sentiment: Buy

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68.01+1.01(+1.51%)Jul 29 4:03 PMEDT