http://www.zerohedge.com/news/2013-...cover-40-short-avoid-being-forced-cover-short
Ackman reestructured his trade and HLF tanked 6 points. Still think he made a mistake here, he should have bought way OTM calls for 6-12 months expiration, first because he would pay way less than the OTC puts (which are likely to have longer expirations) and second because its a momentum trade, no one will stick around for something that could happen after 12 months. If he would have said 'fuck you I'm completely hedged for the next year' the stock would have collapsed more
I shorted HLF at 71.33 this morning but got shaken out by the HFT vol for a small loss. Its a shame, it would have been a nice gain