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If Ackman Is About To Blow Up, This Is What Plunges Next
With Valeant having collapsed over 30% today alone, now under $100 for the first time in a year (from highs over $260 in August 2015):
Someone just dumped a bucketload of VRX...
... we - and others - thought a glance at Bill Ackman's largest holdings (of which Ackman has now lost nearly $2 billion on Valeant alone in 2015) was worthwhile in case things start to escalate even quicker: after all, losing nearly a billion dollars in one day will make even the most hardeneded LP nervous and one wonders how long before the rest of Pershing Square's holdings are liquidated
With these sizable positions, even the slightest fear of liquidation will spark investor front-running in these names, and it seems they already are:
And then there is Ackman's "Big Short" - Herbalife...
Charts: Bloomberg
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awesome. don't worry though, the fed will buy them. freddie and fannie have, shall we say, underperformed the s&p.
If the feds don't buy them, blame Putin/Trump for the fall.
So all he holds has gone down and the only thing he has shorted has done a moonshot?
Is there some sort of inverse Ackman ETF?
pods
Gartman & Ackman
Short the Man's
And also, BTC is all "sell" right now... BTCFD!
I bet Trump's Treasury Secretary in-waiting is giggling like a little school girl this morning!
Regards,
Cooter
Howard Hughes Corp. WTF?? Where have I been....
Hughes was one of his first claims to fame post-Gotham Partners. He used dad's real estate hookups to land a board seat and the rest his history.
on VRX: It'll likely get dicey now that the cats out of the bag on rollups, which ZH has argued about for a good few months now. This trade will likely see all forms of short covering panic and mania, but just like Nortel, this will get wild. I suspect someone at Mariner has the widest shit eating grin on her face right now. Lets see what tomorrow brings.
Be sure to check out RSI for a fun non-market research program on how a Italian mob scam turned into a 90 million dollar laundering vehicle. If that does not turn out to be BreX: In Space, we got a bigger problem at the SEC.
Leave Ackman alone, his profile says he is a PHILANTHROPIST so he cares very much about the plight of the 99.9%. (/sarc!!!)
"William A. Ackman, is an American hedge fund manager and philanthropist."
"William A. Ackman, is an American hedge fund manager and philanthropist."
I think hedge fund manager and pedophile - would be more accurate.
maybe
Hedge fund manager and necrophiliac.
It's still not justice. Goldman's HFTs are probably the ones who gain from it. Somebody has the other side in a BIG way.
No Way that HLF is valid in this market. Most money applied is the wrong side in any trade. This is not a market.
It is ponzi scam with CNBC leading the herd. MOOOOOO
Ackman's latest investment - Prozac and abilify! ;-)
On suicide watch..
haha +1
one scary HALLOWEEN INDICTOR people are not looking at here => http://bit.ly/1jQPB7U
A downdraft in stocks just before Wednesday's close could bring out the bears Thursday morning, when three Dow components and dozens of other companies report earnings.
We have a barrage of earnigns coming out in the next few days, and people are on edge. The trap door could open at any moment. Time will tell.
Besides earnings, there are weekly jobless claims at 8:30 a.m. ET, and existing home sales and leading indicators, both at 10 a.m. There is a meeting of the European Central Bank, where it could discuss more quantitative easing.
Earnings are also expected from Union Pacific, Dow Chemical, Eli Lilly, Dr Pepper Snapple, Freeport-McMoRan, Nasdaq OMX, Pulte Group, Southwest Airlines, Under Armour, United Continental, Dunkin Brands, Raytheon, Stanley Black and Decker and Janus, ahead of the opening bell. Afternoon reports are expected from Stryker, AT&T, Pandora, Juniper Networks, Capital One, KLA-Tencor and VeriSign.
Things could get very interesting tomorrow....maybe ugly. Time will tell.
He's the most dangerous type of money manager- the "true believer". Facts be damned, he will MAKE it happen because he's certain he's right. And if it doesn't happen, it just means he hasn't pushed hard enough or waited long enough for the rest of the world to recognize his genius, not because he was wrong. He'll hold to his conviction right into the ground. With other people's money.
You just described me without "the other peoples money"
Thats why I bailed on the casino in 2010 and joined a 12 step program...Arthur Murray, "left one two three left one two three"
4/6 time makes for a good Viennese or cross-step waltz. Just saying but Arthur Murray? Pleeeze!?!
A wing and a prayer, along with a massive Fed money infusion and everything will be groovy again....
That's the problem with the markets - you get a run of good fortune and start to believe you're a genius, and not just lucky in a bull market. Then when the wheels come off it's hard to acknowledge you've made a mistake, and the temptation to hold 'until it recovers' is huge. Probably why so many fortunes made in the market are subsequently lost in the market.
the "Markit ta Zero"
This is a microcosm of what is to come. One failure tied to a bundle of equities. Seemingly unrelated to each other in terms of business look at what happens when the intersections cross at a major hedge fund.
Only a 4-5% loss could bring the house down. Looks like bundled mortgages in 2007.
After he blows up his find and loses billions, he'll get a promotion and head an even larger organization.
"Is there some sort of inverse Ackman ETF?"
Maybe he could team up with Gartman.
Hackman...what a tool, this is the guy who wants Bloomturd to be the next president
Make Bloomburg the next president. The resulting breakage will put us that much closer to stopping the insanity of our current bizarro world. It does not end until it breaks AND the dust settles.
u got that right skippy
Herbalife is still a POS either way. Sorry but that is snake oil.
Still safer than the shit your M.D. will give you.
I don't know, what's Cramer have to say about this?
What does Cramit usually say?
No, no, no, Ackman is fine!
https://youtu.be/V9EbPxTm5_s
boo. yah.
Oh!!! I get it! That's Cramitspeak for buy the collapse, er a dip in Valeant!
BUY BUY BUY!!!!!!!!!
Well, somebody is buying. if the 10:30 ramp doesn't get you, the 11:30 version will.
And if not, then wait until 3:30. That will sucker punch you.
EUM is actually up today.
http://www.thestreet.com/story/13055068/1/jim-cramer-says-investors-shou...
Cramer --- "I see the S&P 500 index is down a bit today. I'm so confident Imma make money tomorrow, because today Imma buy this phookin' dip. Lemme see? What company's stock is going down the most today? Imma buy that company's stock. Imma take my scalps tomorrow. Imma even might take'm today. Ya see, Imma wild phookin' Indian. Imma make big bucks, ya phookin' luzers."
David Pyott (former AGN CEO who called VRX a house of cards) will pick up the pieces of VRX and make a fortune.
Dead man walking, we have a dead man walking here....
How will Ackman afford his new Ferrari now?
Pharmaceutical Enron...
Yea, great story for sure...the next Enron. According to the news reports today, they ship to inventories and call it sales. I believe Enron did the same type of transaction.
Wait until ETF's start "flash crashing" more often.
Who did he piss off, God Himself?
Yeah, I guess Carl Icahn is pretty pissed...
I'm going to bookmark this page so that anytime in the future when I think I'm having a bad day, I can come back and look at this.
Ack, ack, ack-choo!!
Too bad he wasn't shorting the shit out of PMs. Would have made a nice squeeze. Oh well... maybe the next douchebag.
It doesn't matter how good a trader someone may be, at some point they will blow up.
It is just a matter of time.
Remember Andrew Hall, the King of Crude Oil?
Yet there have been NO big oil busts
actually like Ackerman....but if you step on the toes of Goldman and JP Morgan...you are dust. The name Lehman, Bear, ML ring any bells? Does Ackerman...have anyone on the FED, ECB, CFTC, BOE, etc? Good Bye So Long it has....
Honey I Blew Up The Fund
It's the same picture everywhere, The Stocks are rallying up through the roof and the 'real economy' as in 'real companies' are disintegrating.
Federal Reserve is about infinite debt and credit. Financialization to the max!
Are Ackman and Gartman related?
Same guy.
Same tribe
don't worry about pearson, he got plenty
Every time Ackman goes on CNBC, Becky Quicks gusset gets a little wetter. I wonder if she cares for him when hes down and out.
harsh
Tyler should show the HLF chart in longer timeframe, like daily instead of 3 minute.
I don't think an investor like Bill would care what happens every 3 minutes.
Whoops, http://finance.yahoo.com/news/short-seller-smoking-gun-making-155245805....
Good find. That's some daming evidence.
I especially liked this from the article
"On Monday, Valeant tried to walk back from its business model, saying that it would spend more money on R&D, rely less on raising prices for revenue, and potentially engage in stock buybacks."
Business model solved!!!!! Can somebody shoot me already?
Ackman will be added to the Fed's leak-league.
more bad news...OPRAH is adding HERBALIFE to her new diet
No danger of busting her daily calorie limit on that diet. Cardboard! It's what's for dinner... Hah!
Maybe oprah will eat Ackman
What if Ackman is "throwing" the game, to his personal profit. After all, the holdings are just OPM (Other People's Money.) When you do business with Snakes In Suits, most of the time you just get bit.
poor Ackman. i've gave up on Hugh Hendry long ago & now the object of humor is Ackman.
So good to see you Lynnybee. I'm not overly active here lately, but do look for you when here.
Always felt conflicted about Hendry tossing the towel, but hindsight has proved him a genius in my eyes.
You can't fight insanity.
Herbalife is still trading???
Son of a bitch. Can't that fake company die already.
Oh I forgot it is a front company for the CIA laundering mexican drug cartel cash.
100% serious by the way.
This is probably true. However, there are worse things connected to Herbalife ..
WARNING: Alex Jones, Trump, Icahn fans are not going to like this ..
http://www.veteranstoday.com/2015/02/19/the-growing-complexity-of-alex-j...
Also, anytime ZH posts anything by Paul Craig Roberts, beware. The guy is being handled, and he will not reveal his sources. I have confronted himself many times. The same with youtube shills Mark Dice and Chris Green of AMTV .. "Blown cover, as cover." -- Sun Tzu ..
+62.07 whats up with that
2.91 oop
Cue Bill the Cat "Ack!"
Bill was fired from Chernobyl.
Glencore anybody ?
If we are at the onset of a severe depression or if there is a scandal at Valeant then these numbers could make sense.
If not then there is a severe problem with valuation of assets.
This last is (I believe) obvious yet we all pretend to just nod and say...'oh another big company just bit the dust on random data'. Investing is not safe. There is nothing but gold to safely store money in at this time. The market is just too dangerous.
Glencore and DB waiting in the wings.
Ackman just said he bought 2 million shares of VRX today. So.... We should trust the fool who bought it at 200?
The Federal Reserve has been buying stocks. Call it stealth QE 4 !!!
That is really old news; Central banks have been buying stocks since at least 2012.
As former Federal Reserve Chairman Alan Greenspan once said, “Quite frankly it does not matter who is president as far as the Fed is concerned. There are no other agencies that can overrule the action we take.”
The Bank of Japan, holder of the second-biggest reserves, said it will more than double investments in equity exchange-traded funds to 3.5 trillion yen ($35.2 billion) by 2014.
Read more: Central Banks on Steroids, Buying Stocks"...as a central bank, I have a license to print as much money as I need with no real asset backing such as gold, etc. So I can print as much money as I want. Then I can invest that cash in anything I need."
All of us would be in jail for counterfeiting.
Having a bad day at the office shithead?
#1 focus is the few mega cap stocks to keep averages higher...ge,intc,gm,msft,mmm, amzn, goog, fb. Everything else can go to zero.
The head of CP Rail told Trudeau to leave them alone yesterday. The train guy didn't see it coming.
Here are some signs of a coming recession.
1. Business loans for M&A not CAPEX.
http://www.zerohedge.com/news/2015-10-15/there-goes-final-pillar-us-recovery-loan-growth-paradox-explained
2. Factory orders continue to drop
http://www.zerohedge.com/news/2015-10-02/us-factory-orders-flash-recession-warning-drop-yoy-10th-month-row
3. Default risk spikes
http://www.zerohedge.com/news/2015-10-02/us-financials-default-risk-spikes-2-year-high
4. M&A set record
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record/
5. Fed sees 2 bubbles
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
...
6. I'm a one man band with hideous credit at this point, and get 3 calls a day offering me a $45,000 loan and instant approval.
7. Two calls I get are bill collectors.... offering their services to me.
8. One call is the bank that holds the mortgage on the house I rent, saying that even though I've paid the rent on time for the last 7 years, the mortgage payments are behind and they are going to foreclose.
9. The rest of the calls are customers cancelling jobs due to "unforseen expenses".
why are the bearish ETFs being shutdown?
Reality has been cancelled.
A billion a day is news when it involves one single HF. Everything is relative, what about the billions with thousands of financial advisors, etc ? Your favorite financial advisor any better than Ackman ? There are mostly spins and noises in deformed markets (often rigged) still fueled by debts. Go to amusement parks for your smokes and mirrors (much cheaper).