This person represented majority of investors. They can bear huge loss, but can't bear huge gain.
If HLF down to $51, $41, $31, $21,...., I can guarantee that he is still holding for loss; but they don't see HLF will be $71, $81, $91, $101,......... It's very sad for those type of longs.
Sentiment: Strong Buy
Why not sell 3000 shares and let the 500 ride for $90. Or similarly sell the 3500 shares and buy call spreads with half your profits, I like the Jan 70 / Jan 90 spread. Keep some skin in this game
Everyone needs to do their own analysis, but hlf will likely report great numbers to pound sand into Ackman's fund, and the real feel of the long awaited short squeeze is now underway.
Margin departments will be closing out shorts, hedged or not now... they will be taking shares at the ask, no matter how breath and capital taking that level becomes.
We continue to ride the waves higher. Now that the stock is hitting our $60 PT target but running hard to the upside, why give mangled shorts any cover?
Over 20 years I can't tell you the number of times I have said the same thing to only lose much of my gains because I got greedy. My situation could be different than other, others may have gotten in way later than a lot of us have. My gains on 7k shares including trades are around 55-60%. That is INSANE, so I will sell today. I will be buying back at $50 if it decides to retrace as I believe that is now support. You should do what you feel is right and I hope it continues to fly for those that stay. I will continue to trade it daily as it is a traders dream. Good luck.
imo, you are leaving the party way too early. But i guess that is why they make chocolate and vanilla. To each their own. Personally, icahn is not selling till 73.00 if he sells at all. Hlf pps will roar to 70's very soon. Jmho-bucko
I put an order to sell yesterday at $60. Today I will see where we start and try for $61 or $62. Looking at the chart this an airplane going straight up looking like it will stall anytime. I like our move here but I think we need an earnings catalyst for the BIG ONE. I have HUGE gains and a sell at $62 will make my day. If I miss more or even a lot more I will still be here to congratulate those who took the extra gamble. Greed is good but INSANE is better, I have made an insane amount on this stock. Time to lock it all in and trade around the edges.