OK, let's ask Surf if he had a MIT order in. If he has one that is under 10 bucks, I guess. As I said, most shorters were going for a much bigger gain than 20%.... My point was with the speedy upmove that unless you had an order in (and if your order was let's say 30, you missed) at the right place, you had to decide quickly if you are going to be satisfied with 20%....
Ok,if you say so. http://www.bloomberg.com/news/2013-...herbalife-plans-to-seek-talks.html?cmpid=yhoo
From the article: In other words, "I'm just going to buy 12+ million shares of HLF and then announce it to the world after Ackman and I have had a very nasty public dispute, but that doesn't mean I'm going for Ackman! Wink wink!"
Psychology.... If you shorted it on the pyramid scheme accusation, chances are you expect this to go to zero, or at least close to it. So you are not going to cover above 30. Let's ask Surf where would he cover... And anyway, where do you put a limit order on a stock that fluctuates wildly? On February 4th, the stock opened down 12% based on BS news. If you were a shorter expecting to go below 10, I assume you looked at this downgap as a confirmation of your views and kept holding it instead of covering it... -------------------------- The bounce back from the opening high again occurred at the upper BB on the daily chart...
" I assume you looked at this downgap as a confirm ation of your views and kept holding it instead of covering it... " if you are a pro and expect it to go below 10 you don't reasdthe news.
I've been long a massive position in herbalife since this thread started. Thanks to everyone who shorted, bought puts, whatever... in life, the way to make big money is to fade the "Obvious". funny how all the "research" is always soo horribly wrong when it comes to making money. new threads by all the people who lost big: trading is gambing why i hate fundamentals why i hate technicals markets make no sense how can my internet research be wrong!!!