For some reason, this makes me feel better about my plight.
So, based on the math, Bill Ackman’s Pershing Square L.P. is down an astounding $500-$600 fucking million, in his VRX position, for the day.
As an aside, Mr. Ackman is a billionaire and likely will not be in the streets, fucked without shoes, like all of you.
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Schadenfreude
This might make you feel better too.
http://nypost.com/2015/10/21/saudi-prince-accused-of-gay-sex-threats-and-fart-in-face-demand/
He it’s currently hiring someone to be fucked for him.
What is his cost basis though?
You gotta think it’s more about ego than money for him.
Restock the bar cart in Mr. Ackman’s office at once. Remove his guns and swords from the wall, and for the love of god get his mommy on the phone!
I always thought of him as a fairly nice guy – until the VRX/AGN thing. That was insider trading of a legal sort but nevertheless complete douchey behavior. If he’s still long VRX he is getting what he deserves.
cost basis means nothing when your stock is getting annihilated
Marty Shkreli strikes again.
With the greatest irony Marty’s actions have benefited society. God has a sense of humor.