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Re: getrealfriendga post# 11114

Wednesday, 01/07/2015 11:38:46 AM

Wednesday, January 07, 2015 11:38:46 AM

Post# of 39364
And when do you change the plan if your expectations do not materialize?

Bill Ackman was on CNBC this am as the TOP PERFORMING HEDGE FUND mainly because of Allergan and his Herbalife short.

HE WAS A HUGE SUPPORTER of JC Penny with Ron Johnson, formerly in charge of Apple retail stores,as CEO. He was LONG and betting on Johnson despite everyone telling him he was wrong.

Eventually he admitted he had it wrong, Johnson was fired, he sold his entire stake and lost a lot of money. Guess what? He too planned to 'sell for a profit".

Just trying to understand when you might capitulate and sell. What has to happen for you to say - THIS IS ALL BS!!?