Herbalife (HLF -3.4%) gives back gains from this morning as the burst of activity ahead of the call wanes. With the stock up 65% from when Bill Ackman first made his accusations, its only natural to assume that there might be some "sell the news" reaction at some point once HLF's presentation ended. However, the picture gets muddled when big guns like Loeb, Chapman and possibly Carl Icahn come to its defense. It may just be more likely that a short squeeze lurks somewhere over the near term.
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