Where did you hear or read that? I would like to catch it. If Ackman believed it was in progress then wouldn't a prudent practical investor cover before all the short squeeze "orchestrated" pieces were in place? Maybe too much of the float is already in tight holding hands and that's making it hard to actually cover now. Even if he runs HLF share price quickly back up to his break even or a little loss point it would be better than waiting until all the pieces were in place for an "orchestrated" short squeeze. I just don't understand not covering in this before it's too late in the medium or short term.
"Taking a short position and going public with it is a pretty serious business," Ackman said. "Did I think a group of hedge fund managers would take the other side of the trade and try to orchestrate a short squeeze? No, I didn't think that," Ackman said.
Why would Ackman think other hedge fund managers orchestrate a short squeeze? He is the one try to orchestrate HLF to go down. Other Fund Managers are buying in based on fundamental. And HLF seem so cheap - main reason period. Ackman is done. As Ichan said, Ackman had not seen mother of all time short squeeze. HLF is the one will teach little crying Ackman lesson.
If I was a pension fund manager, I would be now questioning how smart Ackman is for disclosing his short. Although we all know why he did.... near year end when the market is thin and his fund needing a boost in return..... Well now.... short term gain might only have been that and no more.
You have to laugh when someone gets a few thumbs down for quoting verbatim. Just goes to show that some don't take the time to read. It is interesting that Ackman failed to anticipate the controversy he was creating.