HLF Over Extended

This MLM stock can only do so much to keep shorts at bay, it's done everything legally possible to get rid of shorts, they even squeezed Ackmans` $1 Billion short position at the top. The stock is over extended and there isn't much more HLF can do to manipulate the stock higher, they've already done buybacks, now a Dutch auction, Icahn is loaded up on HLF owning over 30% of the company, which he will most likely be unloading soon after the auction.

M top on the daily timeframe , Weekly indicators topping, overall market getting more volatile and this stock is the the biggest fugazi out their besides LFIN .

Ackman wasn't wrong, just his timeframe was off, along with Icahn and HLF being able to easily manipulate this low liquidity/ market cap stock . The manipulation can only last so long though, a fair valuation of this stock is in the $30-$0 range.

Full disclosure- I'm short otm puts.
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