They were so excellent we went up 25%. Maybe he should have CRIED some more. You know insanity has crept in when the DRONES call a 25% loss a good day. LMMFAO
" Among his numerous determinations, Dr. Vandaele concluded that, “Herbalife’s U.S. business operations are consistent with the socially beneficial MLM model and inconsistent with the socially harmful pyramid scheme model.” "
Dr. Vandaele is an economic expert with significant experience in, among other areas, the regulation and operations of firms in the consumer goods industry. Among his many professional accomplishments, he has previously served as Economic Advisor to the Director, Bureau of Competition and as Assistant Director for Regulatory Evaluation, Bureau of Consumer Protection at the U.S. Federal Trade Commission (“FTC”).
Impressive credentials and I think I'll go with this guy's opinion as opposed to one that is arrogant and has 1 billion on the line.
That one really made me laugh. Could you please torture us to another 10% gain today, don't want to be greedy. LMAO at the board clown.
He claimed he had a billion dollar bet and most assumed his average short was around $48 - $50, I personally think closer to $45 but the consensus was around 20 million shares short. Since he is so transparent about his position, he REFUSED to disclose exactly what it was. He claimed he covered 40% of that short late in 2013 and replaced with long dated puts leaving him with 12 million shares short. Not only is time killing those puts, when HLF eliminated the Dividend those puts took an immediate loss in value. Don't forget he paid the dividend of 6 million for 3 quarters and then less on his remaining position until the divvy was stopped. Add to that borrow costs on his short. ADD to that 50 million he spent to try and dig up any dirt on the company. How am I doing john? I would think that any investor in Pershing Square with any sizable value has to start wondering about his sanity.
REMEMBER what he did to Gothem......He kept doubling down on property because he was sure he was right.......UNTIL he bankrupted it. That is a warning to all PS investors. First you have it....UNTIL YOU DON'T.
After his arrogance yesterday and his brazen claims the stock moves up 25% while he is talking. Ackman is a laughing stock. He will also be known as one of the few who could turn 1 billion into 1 million. LMAO
Why do you keep LYING. HLF did not buy any shares in the open market today. They cannot, they are restricted from buying 1 week prior to earnings. What part of that fact don't you get?
Nothing makes you more confident than a 25% loss in one day. LOL I don't think I will consider him for managing my dogs money.
You might get a quick buck or 2 but you better be quick because margin depts. will be busy tomorrow and MORE covering will take place. If any of the big whales wanted to really make it hurt some well placed buying pressure could start ROUND II of the squeeze tomorrow. This could last a couple of days, 25% move is huge especially when so many were short and all the PUTS. OUCH
" yesterday cnbc said he won't comment during an ftc investigation "
Icahn said he couldn't comment because of quiet period and confidentiality. Nothing to do with FTC inquiry.
He claims Ramey was fired from DA Davidson because he was too bullish. After being CAUGHT and called out he was forced to put out a retraction. So how many OTHER LIES did he tell. Maybe Herbalife is spot on, most of what this con man says is a LIE. Apparently he feels he can say anything he wants until caught in the act. ANYONE and EVERYONE who has followed this drama KNOWS Ramey left on his own accord from DA Davidson to work with Bill Stiritz.
Ackman just makes up stuff as he goes to bolster his bad position. Time for Wallstreet to take this BAD PLAYER down.
You know you have a problems when it takes you 2 years to find a few victims and then you are PAYING them. ex....Paying off supposed Whistleblower who then LIED to ABC News. Another gotcha moment. LMAO
" The company was buying today. "
It's incredible you keep repeating this. NO company can buyback shares 1 week prior to earnings. That is just a simple FACT.
Not to mention any company buyback is suspended 1 week prior to earnings. Somebody is a rookie and doesn't even know the basics.
" And how do you know that? "
Because I have been long and following the company for 16 months. Read the press releases, they just finished buying back 1.2 billion worth of stock in the last 4 months or so. They have used all authorized buyback money which include the monies from stopping the dividend which ended by end of June. PLease research before making blanket statements assuming anything. You are dead wrong.
The only monies left for the buyback are 50 million per quarter to be used out of ongoing cash flow. PER company press release.
That he told yesterday. He promised that he would bring HLF down and he had proof of FRAUD. He staked his reputation on it. I think many SOLD based on his remarks. The lawyers will have a field day.
You don't have a clue what you're talking about. HLF spent almost everything and was completed end of JUNE. They only have 50 million per quarter available going forward.
Depending on the size of the account and the size or % of the short. If slightly over the edge you are given 1 - 3 days to remedy, if the account goes too far south the broker can and WILL buy/cover the position or any other security you have. It's a nasty business when you short.