jhains2
Long

HLF Triangle Pattern Coming to a Head

NYSE:HLF   HERBALIFE LTD
hlf
16 0 0
hlf
HLF             is moving out toward the end of this triangular consolidation pattern.
Several previous consolidation patterns for HLF             have not panned out and have morphed into more extended consolidation patterns. Thus it is possible that this could morph into a rectangle-shaped consolidation and extend further.

I'm still long.

Icahn has added to his position twice for the first time in quite a while.
That has taken some supply of shares out of the market.
I expect that he will purchase some additional shares and try to get his position up a few more percentage points.
Once that has been accomplished, I expect the company to announce a Modified Dutch Tender offer for something on the order of $1.2 billion of stock using its new credit facilities and cash on the balance sheet.

That could reduce the share count a further 10%-20%.

The M.O.A.S.S.* is almost upon us!

*M.O.A.S.S = Mother of All Short Squeezes
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