lol, that quote is from Dec 2020, Ackman says the potential catalysts are...
SCOTUS decision -- whiff! Actually negative, cos SCOTUS is clearly anti "hedge fund vultures"
Trump/Mnuchin last minute release -- whiff!
Biden admin action -- TBD, tho not even on the agenda right now
Can't say you're wrong here. Ackman has his share of huge whiffs (Valeant, Herbalife).
If anything, I would say someone knows something about Biden plans -- hence sell-off in JPS with hedge funds dumping...
The runup was on relatively low volume, and today's selloff is too. FNMAS is flat compared to 3 weeks ago when the Calhoun rumors were circulating, though it did go as low as $2.16 earlier.