Bill Ackman’s “most important presentation of his career” is not going so well. The ‘Death Blow’ expectations Ackman created yesterday (that sent the stock down 13%) have been entirely wiped away as a 2-hour presentation, 100s of slides, and nothing really new sent stocks 16% higher today… It appears time is running out for Mr. Ackman as his massive put position (bleeding value every day that passes) is set to expire in six months… and we suspect Carl Icahn can outlast Ackman’s view of market ‘irrationality’.
NOT the best day for Bill Ackman…
And time is running out…
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We’re gonna need a Death-Blow-ier presentation…
via Zero Hedge http://ift.tt/1pBnZAp Tyler Durden