Not taking it personal, you have your opinion and I have mine. You seemed so much more positive when you were sitting on a ton of shares. My position going forward is to buy every dip until my account is filled. This stock is a traders dream, I'm making a nice haul just trading the swings. Today was a gift.
You seemed to have had quite the different view before you sold everything. The facts are the stock climbed to the mid $52's and then settled with just a measly 3% gain.
Here are the real facts, we gained an additional .66 after the release which was on top of earlier gains and on TOP of an 11% gain yesterday. If this was such a no nothing event as you claim, like I said earlier we would have sold off all our gains and then some. I know you want to rebuild your position but I am no rookie, 20 plus years of making a lot of mistakes is my guide. This was a HUGE announcement.
swami,
I can't speak for you, I can only speak for myself and interpret how the market reacted. I personally feel better about holding a much larger position going forward now knowing that a firm like PWC was signed. It looks like the markets took a similar stand. I think if the market was taking your opinion we would have sold off todays gains and some of yesterdays. IMO
I disagree swami, the day that KPMG walked away from HLF the stock went down for days and days. There was legitimate concern about not having an accountant to audit their books.
The stock was meandering today UNTIL the announcement and then it went ballistic. It wasn't just the announcement but because it was a top notch top tier firm was big. These folks don't just take anyone as a client. I'm sure Icahn had a lot to do with it.
If this wasn't a big deal especially after the 14% move in 2 days we would have sold on the news. We still held onto an almost 3% gain following an 11% move yesterday.
Because PWC is a top firm and a large firm. Hlf needs someone with a brand name and a deep bench to get the audit completed and done quickly. It's interesting that so many have bashed HLF because they lost their Accountant and you come and say what's the big deal.
It IS a deal big and this announcement is huge. Investors needed to be calmed.
I am representing the Federation of Herbalife Investors and we are calling for an investigation into unfair and fraudulent practices by Pershing Square and Billy Bob Ackman.
Someone tell texexec that Pershing is going down because I sent a letter. I am LAUGHING my azzszzz off at texechump.
Ok mershaw, I guess I will respectfully disagree with you. In its basic form I am agreeing with you, I am just saying that IF you have taken an aggressive position and fully margined and the market went wildly against you, You may think you have that full 5 days but they WILL move against you with or without your permission.
The example I am giving is not your every day margin call, usually in a long position a margin call isn't that drastic but in the case of a short position things could go south very fast.
hudget,
Longs are giddy because we just had a 35% move in 1 month. Must be tough slaving away in the Ackman boiler room while the stock continues to move higher every day and every day you continue to look like a FOOL.
Is your wife aware of what kind of LOSER you are? Just curious.
Sorry mershaw you are incorrect. Brokerages have to follow Federal Reserve Board rules and that means you must meet the equity/cash to debt ratios. What happens if you lose 50% of the value of your account that was FULLY margined? Do you think they are going to give you 5 days to correct. What happens if after 3 days your short continues to lose and you could possibly go in the negative. Do you think they are still going to give you 5 days? Your message is you received a call and have 5 days, UNLESS it continues to move against you further at which time we COULD BE FORCED to liquid any or all of your positions.
Go back and reread your agreement. It's not a per brokerage house rule, it's across the board for everyone.
I have never heard of a house call, it's called a margin call. There are 5 different calls, Reg T, Maintenance, equity, day trade buying, and day trade equity calls.
Sorry non math dude, it's 24 million a year. 20 million shares x .30 dividend per quarter. 6 million x 4 quarters. This does not include the cost associated with borrowing the shares short. It all adds up.
There is NO set time at any brokerage. There are equity rules that MUST be followed, if your account loses too much value too fast based on your holdings that are margined, they can AT ANY TIME liquidate your account. Read your agreement.
Ackman won't get a margin call, his problem lies with the float. If the float continues to shrink and there aren't enough shares to short, shorts will be FORCED to close positions. That's where the MOASS comes in.
swami,
PWC is a good size house, how long do you think it will take to go over 3 years of returns? If things are correct and HLF wants to get some mileage out of this, they should look at 2010 and then put out a release saying it's ok and so on for 2011 and 2012.
I think squeeze is saying you will see 16 analysts give research updates tomorrow now that an auditor has been picked and that black cloud is removed. I don't know about 16 but I think we should see some kind of upgrade from an analyst after great earnings and guidance raised for the year.
So hudget, I've made close to $95k in the last 30 days on HLF, how's that for meager gains. Speaking of licking your behind and getting a clue, how's that short position doing? MARGIN CALLS????
Hudget, HLF up 35% in 1 month, up 10% yesterday, and up 3% today. What part of you are a LOSER don't you get ?
Oh goodie, texexec is posting the same news that he posted yesterday and the day before and the week before and the month before that.
Got anything new, LOSER.
How many more days and points higher do we have to listen to the diarrhea coming out of your mouth. Every day since $36 the same old BASHING. You are a LOSER plain and simple.
squeeze,
Who is your brokerage house, Ameritrade wouldn't let me short in my second account?