This story has now taken a new leg higher and I believe it is priming for the history books. Ackman is now being savagely squeezed by not one, but two, industry titans: Carl ‘give me 3 seats on your board’ Icahn and George ‘I break your central bank’ Soros.
Without a doubt, I regret selling my HLF position and lament the idea that I am not punching Bill’s head too.
This HLF short is not only costing Bill a tremendous amount of money, but it’s ruining his reputation and might lead to redemptions, which can precipitate him to cover his short, effectively sending HLF even higher.
I think the Soros team is aware of this dynamic and are fixed on ruining Pershing Square.
More color on the story.
HLF is up nearly 10%, which means Ackman is down another $100 million. Jesus Christ!If you enjoy the content at iBankCoin, please follow us on Twitter