Pershing Square’s short has been a losing trade so far. Given the large size of the short position, traders on the other side have driven the stock price up by short squeeze. Herbalife defended strongly.
Persing Square’s analyst who worked on the Herbalife short has left the firm. And Ackman has taken this matter to regulators now. Herbalife responded Ackman should be investigated.
“Choosing money over power is a mistake almost everyone makes. Money is the big mansion in Saratoga that starts falling apart after ten years. Power is that old stone building that stands for centuries. I cannot respect someone who does not see the difference.” Francis Underwood, House of Cards
PROTAGONIST | DEUTERAGONIST | TRITAGONIST 