Oh yeah, a $100M company will be bought for $1.5B. How nice of you to let us know. How much have you lost so far?
Well, PBYI is like 10% of IWM, and it's been going up several percent per day for the last week. Not a good time to short IWM.
I don't think there are any central bank actions scheduled for next week, so whether we go up or down will probably depend on earnings, in particular, bank earnings.
I bought ES futures a few minutes ago. This news will be all but forgotten by Monday.
He'll be fine. He's said that if the government says what Herbalife is doing is legal, he'll try to get the laws changed. He has a billion dollars to lobby and recruit victims with.
If you believe the company will survive, just ignore the day-to-day gyrations in the stock price, especially during options expiration week. HLF got hammered by shorts (Ackman, Seeking Alpha and NYPost writers) but wound up doing OK.
He could. But I doubt he tells his friends he's planning to tweet or issue a report - that would be insider information. (Like it or not, he does produce market-moving information.)
Ackman's good reputation is a distant memory. Look at his positions lately. HLF. JCP. Even if he were a turnaround genius, I don't think anybody can save a company that's so heavily in debt.
Why sell? There's no alternative place to put money. And earnings season will be great because of low estimates. Maybe there'll be a manipulated pullback in late August when big traders are on vacation. But for now, the market is still a buy.
things are looking pretty good for this market.
Short interest decreasing isn't surprising - it's not shorts driving the stock down, it's institutions who're bailing out. Sooner or later, the only longs will be Ackman and retail traders who buy based on the 2-year chart.
Hope all y'all bought the dip!
I don't see this at all. If anything, the market is depending on Japan starting QE in the near future