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Friday, February 15, 2013

Cramer Dumb Video on $HLF

Cramer Dumb Video on $HLF

"With Herbalife, the company itself has just become a giant plaything for hedge funds and they can be as feckless as they are fickle. Loeb could decide to blow all of his stock out at a moment's notice. Ackman can just declare victory on the next swoon lower," Cramer said. "None of these things can be gamed. So you need to approach this as a spectator only."
Yet if the company's financials did matter to the stock, instead of the drama caused by the hedge funds, then Cramer said he'd be a buyer of Herbalife. Then again, he thinks Ackman has already sold what he can sell while Loeb and Icahn still have firepower."

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