As Herbalife's CEO denigrates Bill Ackman's "insulting to real Americans" presentation, it appears the short-squeeze-a-palooza progresses. While this is far short of Volkswagen-esque explosives, the 'Ackman-Gap' has been filled (trading up to its 50DMA) and from here on out, based on the build in short-interest we have seen [2], young William is going further under-water (and along with him Mr. Tilson). Of course, following Mr. Loeb's stake yesterday, we suspect all it takes now is for another major hedge fund name coming out with a 13-G exposing a position big enough to require the already hard-to-borrow (and extremely high cost of borrow) shorts to have their borrow bought in from under them to really set this 'game' on fire.
The 'shorting' began around the mid-$40s...
[3]
And that gap has been entirely filled...
[4]