This will never see $70 again, it is quite obvious funds and investors have been dumping the last few days. HLF Herbalife is a pyramid scheme and it has been proven. Earnings have been manipulated for years. There is a reason why 2 of the best guru's on the street, Einhorn and Ackman are bearish on HLF. New 52 wk low of 24.24 on a day the market closed early. Investors should stay away from HLF, this is another Enron that is getting exposed. We will see under $20 very soon.
Lol. It has been proven. Only thing that has been proven is that earnings are steadily rising year after year. In Ackman's mind its proven. But his definition is not the law of the land. You think the FTC doesn't hasn't looked at Herbalifes business 10 different ways in the last 30 years?
All it would take would be for some hedgefunds that hate Ackman to get long. Wait for the FTC to give their approval, and market the stock up at $100 premkt. And Ackman would be down $1 billion and have to buy in at market.
Yeah, and if govt suddenly has a change of heart and Boehner and Obama came back on Dec 26 and solved the fiscal cliff crisis, market goes up 200 points. You expect any govt agency to work quickly? WHAT A JOKE!