Unless Ackman finds a way to get regulatory agencies on his side or some kind of massive lawsuit I don't like the short (other than a quick trade)
"Ackman launching a website for his Herbalife short thesis" He is trying to get the word out to damage the brand and stop the ponzi. I'm not sure he is famous enough to succeed
Judging by the chart, he picked a good time to do his presentation. And considering his performance this year on JCP, he probably needs the help. There was no news here. Quantity over substance. Not going down -> going up.
As suspected Ackman thesis is to try to use his fame to destroy the brand and break the ponzi. Expects media to help and regulators to help
Ackman says he is not daytrading HLF. I just want to know how the stock can drop so many days in a row and be down a lot by the time the news comes out that he will present his report. Someone leaked or tipped that info
HLF dropping more, Ackman says he is most of the short interest. Hopes for squeeze in the near term seem to gone by that disclosure. Crazy that he would show hind hand like that though