NERD CITY

Well it appears Ackman is getting his full revenge against the school-yard bully in 2014, raiding Icahn’s gym locker and spraying “liquid heat” all over his jock strap. HLF, apparently, is under investigation by the FTC. In my opinion, this isn’t going to stick and is more of a result of very effective and influential lobbying campaign by Ackman and Co, desperate to recover from their HLF short sale debacle.

Moving on, SALE is under pressure again. What a dog. If it wasn’t for the fact that I love the company, I’d sell it. If you are wondering when I might buy more, to average down, the answer is not until the stock stops going lower. I will not catch the knife as it picks up steam to the downside.

As for now, I am focused on three names: FEYE, SPLK and WDAY. My other positions are still there and some are better than others. The market is going through a period of adjustment, one that will crush the skeletons of those playing it wrong.

In summary, today is Pershing Square’s day. I am sure the nerds over there are enjoying the view, as Icahn runs out of the football stadium with his balls on fire.