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Ackman: After HLF, I'm done with 'public shorts'

By Jeff Cox 3 hours ago




  • Adam Jeffery | CNBC
    Wall Street may not have Bill Ackman to kick around anymore.


    At least, more specifically, the Street likely won't be able to roast the high-profile activist investor for his highly publicized bets against companies.

    Following a three-year period in which Ackman has had to defend his aggressive short against Herbalife-a battle that has featured not only high-pitched fights against the firm itself but also an epic slugfest against fellow activist Carl Icahn live on CNBC-he said this part of his career is probably over.

    The head of $18.3 billion Pershing Square Capital Management, appearing Wednesday morning on CNBC, responded with an ominous declaration to a question about whether he has a new short in his portfolio .

    "You'll never hear about it," Ackman said in response to the questions about a mystery move. "I may be done with public shorts. This may be-Herbalife-one of the last."

    Read More Bill Ackman: Herbalife is like Bernie Madoff

    If so, it would put a plug on some prolific market fodder.

    Ackman's Herbalife short has featured a wild campaign by both sides regarding his accusations that the supplement provider was merely a pyramid scheme that focused less on a delivering a product and more on recruiting a sales force set in tiers in which those at the top benefit from the work of those on the bottom.

    After going badly awry at first, the Herbalife short began paying off in 2014, a year that saw shares of the company tumble more than 50 percent from their early-January highs.

:mjcry:It was a fun show while it lasted
 

Domingo Halliburton

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what happened at noon today that all the stock index futures went up? just fed news?

B6w4v7zCIAACXM6.png:large
 
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where did you learn to analyze stocks like this? i mean technical analysis.
Dont bother with TA. These guys are just drawing random lines on charts:heh:Perhaps its slightly useful for daytrading, but I suspect that the reason for that is a lot of other people do TA too and it moves the market a bit here and there. You're better of mastering fundamentals.
 

Ohene

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where did you learn to analyze stocks like this? i mean technical analysis.
a mixture of non fiction novels - which served as a testament to whether the pros really use technical analysis or not
past coworkers who traded a bit while i was solely an investing type (wish i stayed one lol)
trial and error
school
stockcharts.com and its tutorials/charts


I think tech analysis is risky though...too hit or miss. Its good to use to find entry and exit points but shouldnt be ones sole purpose when making decisions.

for example with LVS i called it going down to at least 55 before it headed back up based on technicals. THere however were fundamental problems with the company that led it down that spiral which shouldnt be ignored. I wont be entering LVS until i do the fundamental research and everything looks fine (particularly in macau,china) now that its back to around $53.
 

aliG

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Dont bother with TA. These guys are just drawing random lines on charts:heh:Perhaps its slightly useful for daytrading, but I suspect that the reason for that is a lot of other people do TA too and it moves the market a bit here and there. You're better of mastering fundamentals.

how do I go about mastering fundamentals?
 
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Ohene

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i've made money of technical and missed out on money because i didnt followthe technicals i saw though. thats the only reason i still use it a bit when choosing when to enter a stock.
 
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