Took 3 weeks to play out, (and a little fundamental help from Mr. Icahn) but the stock is over $46 in after hours.... Here is the chart (first day on the chart is jan. 14) and how I used the BBs on the daily chart to predict both the sellzone and the buyzone: For those who wonder, the reason why the stock went through the lower BB with such a force was some BS news on Febr. 4th. Since the news was irrelevant, the stock actually ended up in the green, after being down 12% at the open....
Nice calls on HLF. Are you putting any money behind these calls? This stock is so crazy I'm not involved.
I don't play stocks, I am just showing to Surf (who is short HLF) that one can use TA to enter favored directions.... He shorted way too early (I think $38) and should have covered when I said it was a buy... Also, my calls are technical and some of the moves here are based on fundamentals...
Sure if one knew TA and was happy with 20% returns. But most shorters want this stock to go to zero. And shorting 46 was even better... The dip below $34 was a gift and only lasted 2 hours or so...
Who cares how long it lasted? You short at $38 and put in an MIT to cover at $32. It traded through and then some. I for one am thrilled with 10-20% with SPX vols at 10% annualized. I don't trade HLF.