The smoke will clear within a couple days and by end of year the FTC will report that no major violations found. HLF will skyrocket over $100 dollars and Billy Ackman will effectively lose a billion dollars.
The retail shorts will lose 100% of their short investment or ill advised gamble.
While you make money on your short position. Manipulating hypocrite. Pure evil.
It Goes "Poof!" along with all the other Short Sellers money.
Listen and learn to make money! Now the majority of big Shorts have covered and this stock will hit a bottom after earnings tomorrow.
Blatant manipulation at its finest!
He has failed in every attempt to destroy Herbalife and after reading the webcast transcript today, and listening to multiple angles given by for SEC heads, Analysts, and Business News Pundits, I've decided to buy a Long Stake in Herbalife within 48hrs.
Bill Ackman admitted today he would make $2 billion dollars if Herbalife was shut down. That will NOT happen and he's cried wold too many times over the past near 18 months. Very wealthy investors are holding stakes opposing his and aren't afraid of him or his tactics.
The only way that Herbalife folds is if Regulators who've already reviewed the company and its business practices, do something so unbelievable and legally unfounded, which is to force it out of business in the USA.
Herbalife may be fined on "something" petty and immaterial, but it will NOT be shut down. No way. No how.
I expect to make 10% - 30% before the end of the year.
once it hits the floor the stock immediately rebounds a little and then more over a longer period of time. However, Citron with a herd of other deep pocketed shorts have shown themselves to be as persistent as a colony of termites in a Log Cabin.
This could be ugly and volatile for awhile.
Cbcooler, that's why you trade this stock for the next few days. Sell on big pops and buy on big drops. Rinse and repeat until it stabilizes.
Patents are great, but I'm talking about "how to make money on the trade". Sell High, Buy lower, Sell High, etc. For the next few days this is an excellent trade. Why hold long on these big pops and drops? The dust will settle eventually, but make big money in the meantime.