Ackman finally exits HLF!!

[Humble Investor]

https://www.cnbc.com/2018/02/28/ackman-exits-bet-against-herbalife.html

 

[Snuskpelle]

Yeah saw that. I guess the bottom line is, don't mix your emotions with your money.

 

[SteveM]

"This is not a traaaaaade for me.."

 

[RedDuke]

It was not emotion, he started the campaign which he thought would tank the stock and he would cash our handsomely.

 

[ElCubano]

wasn't he in the money for a while until he made it personal/emotional? lol

 

[Pekelo]

Ackman reminds me of people shorting Tesla. You can be right on the fundamentals but that doesn't mean you are going to make money.

So how much did he lose on the deal?

 

[vanzandt]

So how much did he lose on the deal?

Alot.
He's long UTX now.
Hence the bump today.
.....Followed by the sell-off.

 

[Pekelo]

Alot.

I will look it up later. But did he keep his own money in his own fund? A mistake I recall...

 

[toc]

Alot.
He's long UTX now.
Hence the bump today.
.....Followed by the sell-off.

HLF exit now is a good one as dip in prices can be possible.

If it is true that UTX is on his trade now then be ready for a hit to Ackman's fund. UTX would be a decent play at $110-100. Although long shot it can dip further.

 

[JackRab]

Ha... I wonder if Icahn is going to sell now... maybe a good time for a short... up 15% in the last week...

Surely Icahn is going to sell some of his holdings. He's got 26%?