Herbalife (HLF) is in a free-fall after Bill Ackman said he was short the stock and that the company is a pyramid scheme.
At this point, the analysis of whether the stock is a buy or a sell here doesn’t matter. The stock’s in a free fall and has little support in the investment community. Ackman presented his case yesterday and few have argued with his thesis.
I will sell HLF from all client accounts.
