Ackman cancels shorting

Rumored to cancel crying on national TV next.

https://markets.businessinsider.com...ting-pershing-square-herbalife-markets-2022-3

 

so he will be running a mutual fund for 2 and 20?

 

Billionaire crying all the way to the bank.

 

He just made the $2B big short, right before covi crash. A thing to study btw. But it was done via puts (?)

Besides, when you hold those puts, Icahn can't hunt you.

 

he's cancelling activist shorting... which was exactly the crying on national TV. He will still short and still pressure companies. He just won't cry on TV and astroturf, etc

 

it was buying credit default swaps. He was paying 20MM in coupons and was able to close out for 2Bn. Essentially shorting bonds. And they are OTC so no one knew about them except for some banks and favored clients.

 

Thanks.

 

Oh I see, thanks. It’s hard enough shorting with access to media, good luck shorting without it.

 

Opposite.

Historically shorts did not want attention. That is what Ackman got wrong.

 

Jim Chanos?