Quote from JesseJamesFinn:
Today there were 19300 Calls bought on the January 2014 expiration $80.00 Strike. On the Puts, somebody closed out 5000 Jan $90 Puts and reduced Open Interest in half, what does that mean?
I bought some Calls on Target when Ackman's name was gold and it moved Target from $62 to $71 and cratered in three days. The Calls expired worthless, I should have dumped that trade once the Ackman pump was over. On the opposite, I bought some GGP stock when that stock hit $0.30 in Pre-Market and Pershing Capital was going to provide financing for GGP during 2008-2009, William Ackman made a fortune on that trade when he sold his stock to Simon Properties, Ackman is very smart, he made enemies with the wrong Hedge Funds who colluded to destroy him.
How many times did it take the Shorts getting burned on Iomega, TASR, GMCR, Blackberry and other stocks before the real collapse took place. The book "The Art of Short Selling" and James Chanos book are detailed in not being early to a party to sell a stock short. There is plenty of time to join the Short Selling party once these stocks start to implode. Why did Ackman not cover his position when Ichan and Soros joined the squeeze? Now, Ichan comes on CNBC saying "HLF is still cheap and undervalued", what was Ackman thinking on this Short? Where is his stop-loss?