Back in December, when HLF was trading in the mid-$20s [3], and long before Icahn's involvement in the situation was even remotely public, we laid out the case for what we thought would be a major short squeeze in the name [4] upon Ackman's public announcement that he had shorted 20 million share of HLF stock. Well, judging by the 20% jump in the stock in the past two days, which has manifested in a nearly $200 million paper loss for Ackman, and which has sent the stock some 100% higher from our base level, has the time finally come for the massive 40% of the float that is short, to start to panic? Judging by the rapid move, we may be approaching that imminent moment when none other than Bill Ackman gets the infamous tap on the shoulder around 3 pm with a polite but firm request that the time to cover has come, leading to yet another crushing victory for the Icahnator.
Recent HLF stock move: oops.

