If the correlation with TIF keeps on goin we could see prolly something similar for both.
No doubt that we are still in QE-land as the market continues to rip higher, but a stock with a 1.79 beta could be seen quite aggressive even for the team of gurus fighting Ackman. The same Icahn has warned that the stock market could face a 'big drop', but prolly that was a relative statement.
Might be nice to wait and see if that's the scenario.
Well, we may consider the new weekly ATH matching with lower highs on the RSI but...
the point here for Ackman goes beyond the simple trade, I guess. The point for him ( and for the others so called activists) is to be right. Now, I dont know if swapping 40% of the shorts into options is a good way to manage risk by being right and making money at the same time. Cuz, he may be right eventually... but from a different perspective, the entire house of card created by the Fed is a Ponzi scheme. So, the funny thing here is that if we have a crash in the mkt... actually Ackman will be right anyway.
DeMark is calling for a 1929 scenario on the INDU right into the new year. A month ago, the same Icahn called for a big drop in the mkt...and now we are 30 handles over that call on the ES (so potentially 1500 bucks/ car LOL!). Quoting his words..."Very simplistically put, a lot of the earnings are a mirage. ( http://www.minyanville.com/business-news/markets/articles/Carl-Icahn-Markets-Could-Suffer-Huge/11/19/2013/id/52748?refresh=1 )They are not coming because the companies are well run but because of low interest rates."
well HLF earnings are scheduled for 2/17/2014...