CNBC hammered Bill Ackman following his 'epic' presentation on Herbalife Ltd. (NYSE:HLF). According to Ackman, this presentation was going to divulge major fraud at the company. Following his showcase event, the stock popped higher by over 25% and CNBC roasted him for days. To an intelligent trader, this pop was no more than a short squeeze that would be over within days. Sure enough, the stock has fallen sharply, back to near its 52 week. This clearly shows Ackman has a good basis for his concerns and CNBC should have him on and say 'I'm sorry'.

Gareth Soloway
InTheMoneyStocks