No - I have the opinion that Ackman was somehow involved in the drop, whether by selling a significant portion, or shorting, or something of that nature. He's the one with skills and shares and relationships and motivations to make something like this happen.
Now, saying all that, everyone knew we were going to have a correction of some sort. But that was breath-taking, timed, and out-of-the-blue. It was a coordinated attack that had noting to do with news.
For all that, Ackman may even increase his stake, after this profit-taking. I believe he has to post holdings every month, or quarter anyway. It will be interesting to see what they are after this downdraft.
Just very interesting that he wouldn't comment when everyone else was, and he has been so outspoken: a bull in a bear's skin.
He doesn't want to make false public statements and tip his investment hand, so he makes no comment. Just saying.
All IMHO.
LOL.
MB
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