Good point, just thought this was a different topic about current and historical shorts. Other threads get noisyy.
History–rich hedgie man Bill Ackman thought Herbalife was a pyramid (it is? YES NO). He shorted it and went public about it–powerpoint, videos, a Netflix movie.
His frenemies went on CNBC, started buying stocks to squeeze his shorts.
… …Sound familiar? Herbalife conference calls were like --Look at our stores, we’re a legit company, we dont sell overpriced weightloss powder to people who then sell the sick cocktail mix to people, who then it sell to people. Look at our fancy LA shop. (It’s a get rich quick scheme thats banned in China, they must’ve been a legit biz only in China).
Anyway, rich man amateur tennis player Bill Ackman restructured the shorts into puts. Herbalife is still around. Is it a pyramid?
5 years after starting his crusade, noble’ish man Bill gets rid of his position.
That was a noble’ish short.