because Americans can do the same thing at much better quality and better service. All you get from Alibaba is some counterfeit and dumb down "smart" phones. Yahoo, Google, Apple, and AMAZON will surpass Alibaba in next decade.
So what he bought more share of HLF. The stock is suffering from lack of earning and pyramid scheme. Herbalife might even shut down by end of the month.
Buying more at $30 so he can sell at lower break even point.
He still live in the fantasy land of Herbalife 3 years ago. This time, HLF is going down because there is NO EARNING!!!
Try put all your money into companies like BBRY, ZYGA, Sears, JC Penny, YOU WILL GET BURNED.
From my past experience, dont follow the "analyst" blindly, they will get burned.
Soros is smart to get out early. Icahn, Stiritz, Fidelity, and UBS cannot fight when Herbalife's earning is plunging.
Economy is back at FULL force ahead.
Simply no reason for FNMA / FMCC to stay at such low price. Even if the gov't own both company at this moment. Stock price will always find its value.
Icahn and his board of directors can buy all they want, but the stock will not go up without EARNING.
Pretty sure their next move is to issue new shares to offset stock lose, and of course, Icahn will get huge piece of it.
Then price will plunge even more.
Just put their zombie companies on NYSE / Nasdaq and they will become rich.
Absolutely $0 money will be reinvested in US company. Worst part is foreign companies are forbidden to buy any Chinese company.
You deal with tyrant and this is what you get. But Jew controlled US gov't dont care, all they want is money.
Novice investors dont understand the concept of Wall Street. Wall Street makes money off other investors.
In this case, they will make tons of money off Icahn Stiritz and Fidelity funds. If you keep holding this falling knife, you will lose everything like these BIG investors. Soros is smart to get out late; better than never.
New flash: Soros is OUT.
Ackman leads Hispanics in rally against Herbalife
While Ackman has yet to make a substantial profit on his short, the stock is down sharply over the last several months. At least one billionaire investor — George Soros — has sold out. Shares closed Monday at $32.73, down 1.8 percent.
I remember during SINA's IPO days. It dropped from $30 to $2 and stayed there for almost two years before any upward movement.
I suspect at least $8 before WB goes up at all.