Icahn's buddies are accumulating stock at $41. Icahn has been having dinner with his other buddies at Fidelity, Morgan Stanley and Vanguard Group discussing calling in shares loaned to Ackman. Return favors will be letting them in on Dell and TransOcean deal. That is the way it works. Ackman on the other hand is trying to dig up old information on Herbalife. Now Johnson is working with Moelis and Company renaming distributors and the new company model and a possible buyout. No more short attacks such as Minkow, Einhorn and Ackman.
negative. After days and weeks of intense support, they can't take it above where ackman started shorting and not even close to the 70 level when einhorn questioned their accounting. ICon brought a lot of buyers with him and now the long side is getting overcrowded and the old goat probably wishes he never heard of this sorry pyramid scheme
Most of us can see that this is just getting started and there will easily be down days in the interim (accumulation phase) while Icahn makes his moves. When this stock nears $70, it will be after days of intense support by unwilling shorts who will wish they never heard of Ackman's sorry pyramid claim.