Then later in the day it spikes a little as if there is share repurchasing to maintain the price. It does not take much to move the price when so little is traded.
My opinion on this. Even if regulatory action is low probability, I dont believe HLF business is sustainable and therefore would never chose this as a stock to hold. Trying to predict and capitalize on short squeeze is equally risky, especially at these prices.
Susquehanna Group decreased their position on 9/30 and increased by a lot on this last filing. Their actions seem a bit jerky. Other than Susquehanna , Morgan Stanley decreased 2mill shares, Capital World group increased 2 mill shares. So who is smart money and who is dumb money? I would not start dreaming green fields just because Capital World increased 2mil. Some buy, some sell. Icahn increased, Loeb completely dumped.
Short position has not dropped much since. If original post is true then forget the part that he increased more like he said he did. Dont believe that he increased his position. However, dont you think he would at least try to undo Dineen's mess. Perhaps decrease his shorts. Surely you would have seen it by now...20 Mil still outstanding. Increased a little over the last few weeks. He fires Dineen because he now understands the mess he got him in, but continues to hold his shorts. So back to square one, Ackman still thinks he is right, and Dineen too i guess.
Are you sure? Today's news said Ackman further increased his position.
How do we explain away that Morgan Stanley decreased their position by alot more than Capital group. Is Morgan Stanley not smart money?
Morgan Stanley files another 13g today. Looks like they halved their position, decreased ownership again. Does that mean anything, considering they were involved in the billion dollar notes offering deal.
doesn't everything get bought up on the drops. Sort of like a clearance sale. Or macy's presidents day 20% off. All the stocks have bargain hunters.
looks much unchanged from filing on 9/30/13....Does not seem this was it today. Was weird today, went down, then shot up, then dropped again.
What could it be? Does not seem like any breaking news are out. Perhaps, and thats maybe, you might see insider sale filing tonight or in few days.
Hi. I am looking for Ray Finkle...and a clean pair of shorts..
quoting from 1 billion in notes deal.
" The joint book-running managers for the offering of the Convertible Notes were Bank of America Merrill Lynch, Credit Suisse, HSBC and Morgan Stanley"
Morgan Stanley posts sale of HLF on 9/30/2013. 4,962,949 shares sold. Does that mean anything? Last Morgan Stanley deal is believed to be a sign of confidence in the company. If you review the deal (look at my previous big post), you will see Morgan Stanley can make money on this deal weather stock goes up, down, or sideways.
Regarding Mr. College degree deadlift35078, great Carl Icahn dropped out of college. Now according to Mr. College, a person cannot understand accounting or deals. I ask you a question. When you overpay for an item, do you always make yourself feel good buy telling yourself the item could be worth a lot more tomorrow? $172 million gap paid for by hlf to repurchase their shares, to an average intellect, would indicate desperate shenanigans. The market currently does not believe this company is worth $200 per share, neither was there an indication that this deal was received positively. An MBA mind like yours thinks 25% over market price premium is nothing because you have your eyes set on stars. I do see share repurchases as a positive thing, but with corporation's own money. But when a company goes out of its way to borrow to prop up its eps, that raises a lot of red flags. And dont be foolish believing they are paying 2% or close to it to get the job done. Read and then read again my original post.
You keep attacking in the blind. First you should tone down when you attack just in case you are wrong. Cause if you are wrong, you are setting yourself up for abuse.