'Uncle Carl' Has a New Job According to Dan Loeb - (HLF)
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Herbalife (NYSE: HLF) continues higher as the 'daughter of all short squeezes' transforms into the 'mother of all short squeezes.'
Fresh off his Yahoo! victory lap, hedge fund manager Dan Loeb found some time to poke fun at shorts in HLF. In a Bloomberg message seen by ZeroHedge, Loeb said Herbalife's new product is "The Herbalife Enema" administered by "Uncle Carl."
Loeb, of course, is referring to the pain and suffering seen by fellow hedge fund manager Bill Ackman at the hands of Carl Icahn. Ackman is massively short the name, while Icahn is massively long the name. Shares of HLF are up about 63% since Icahn disclosed his position.
Loeb was also involved heavy on the long side, but as of the end of last quarter (March 31, 2013) had exited the position. However, his fund could be continuing to trade the name and could have accumulated another large position.
Shares of HLF are up 3.9% to $61.72 intra-day Tuesday.
Fresh off his Yahoo! victory lap, hedge fund manager Dan Loeb found some time to poke fun at shorts in HLF. In a Bloomberg message seen by ZeroHedge, Loeb said Herbalife's new product is "The Herbalife Enema" administered by "Uncle Carl."
Loeb, of course, is referring to the pain and suffering seen by fellow hedge fund manager Bill Ackman at the hands of Carl Icahn. Ackman is massively short the name, while Icahn is massively long the name. Shares of HLF are up about 63% since Icahn disclosed his position.
Loeb was also involved heavy on the long side, but as of the end of last quarter (March 31, 2013) had exited the position. However, his fund could be continuing to trade the name and could have accumulated another large position.
Shares of HLF are up 3.9% to $61.72 intra-day Tuesday.
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