Well, this isn't 1938, and let's face it, the new Ukrainian gov is somewhat populated with guys who wear SS armbands and "Heil Hitler" buttons... i mean it's a land grab for either side - Europe/IMF vs Putin/Russia - but why should we care?
i guess it's too late to say we should have just left the Europeans and the Russians to argue about the Ukraine ;)
Might be here, might not. All i know for sure is i'm not buying til eod and maybe not then either. The market continues to slide.
99% institutional ownership. Large invested shareholders are doing what they can to prop it up, knowing there is a threshold where mutual funds will bail out en masse.
Institutional share holders must think if they bore us to death, we will cover... but the FTC isn't going away and HLF has nowhere to go but down. Easiest play of my life.
i regretted having to sell my HIMX shares yesterday to maximize my HLF short position. i made the right decision i guess - shorting HLF is the easiest money in town this week.
It's a scam, a heartless racket whose primary victims are the poor and disenfranchised - cudos to the FTC for daring to tackle the problem.
Nobody actually uses Herbalife products, except the "independent distributors" who have boxes of that junk inventory in their basements. This isn't a real company with a real product. It's always been a scam, the only question was if and when regulators would tackle the social problem.
Latinos urge California attorney general to probe Herbalife (Reuters, Oct 19, 2013)
"We are asking Attorney General Harris to help us protect vulnerable, low income Latinos and other minorities from these schemes that have cost people their life savings," said Angelica Salas, Executive Director, Coalition for Humane Immigrant Rights of Los Angeles."
Funds that don't sell soon will be next on the FTC list for investigation. Mitial funds have a fiduciary duty to shareholders and the compelling question will become: "Why didn't you cut losses? Why did you hold shares in a company in grave threat of Chapter seven?"
Not familiar with the DMND story... GOOG, GMCR and Goldman aren't pyramid rackets as far as i can tell. Herbalife reminds me of the Madoff story.
"just wait. you gonna feel it in your backside when carl comes on cnbc. short squeeeeeze up your #$%$."
~ Greek pathos. Antigone in the cavern.
that is readily visible in today's market action. Canaccord trying desperately to cu losses.