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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (18658)1/10/2013 6:14:49 AM
From: 2MAR$  Read Replies (1) | Respond to of 18998
 
HLF dead cat was asssured in the mid 20s for all Ackman had was talk to get it there , once clearing $30 there was a distinct pattern volume buying program on every pullback especially bounce off $32. Then later one pullback to $34 last week which i was calling attention to shorts they were facing a "Dirty Harry" moment on Twitter, "Do you feel lucky punk"? Then again it popped up further , then holding another dip to $35.

Ahead of this week's rebuttal meeting, stock ramped , it was last week i was absolutely positive another Hedge fund was taking a stand. There was also some mention of HLF consulting with David Moies law firm that won large case against Amway , David's is one of the more respected firms in the US and a great legal mind, thats when i took a larger position in HLF, for having Moies law firm as an ally a big plus, he also was the lead attorney for DoJ in the MSFT antitrust case and his best friend Ted Olson as well one of the best Constitutional guys out there.
(not sure how that relationship stands atm )

I also sold the long & sold short up near $42 too after halt, that was going to be R after +40% rise from Xmas eve=proftaking & 50ma overhead, then became buyable again on the 4pt pullback to $38 and again another short at $41.50 gap high and that same 50ma. But all in all looks troublesome for Ackman who one can only call BS his statement he didn't cover any shares down below $30.

What about the charity he was going to give funds too?

The man is just too full of himself , he could lose bigger from here for all that grandstanding, too bad for the charities he just lost $200mil for.



To: Brasco One who wrote (18658)1/10/2013 6:39:50 AM
From: 2MAR$  Respond to of 18998
 
correction: David Boies not "Moies" busy morning out west...some mention of HLF consulting with these fellows this last week, better to not have Boise & co working against you , which spelled relief to me since they took down Amway for $230mil.
en.wikipedia.org

again that content of the relationship with HLF not clear or verified atm but as you can see these are not lightweights nor a guy you want opposing you, one of top 3 earning firms in the US.

David currently working with best friend Ted Olson who has 23 quills apearing before the Supreme Court. another formidable player, though a conservative Ted is taking a stand for same sex marriage & arguing this before the high court with David.
en.wikipedia.org

Interesting times .