Thursday, May 01, 2008

Herbalife (NYSE:HLF): Bounce candidate?

Herbalife (NYSE:HLF) reported excellent qtr and we have Goldman Sachs out saying they believe that this significant EPS out performance will largely overshadow the disappointing resignation of Greg Probert and would expect the shares to rally today, especially given how weak they have been of late.



Notablecalls: The stock is currently trading around $41.80 and I strongly suggest you use this weakness to buy the stock. It was trading around $46.50 in the pre market. Looks like we have some profit taking here but it wont last much.

1 comment:

Freedom35 said...

Bought the May $45 calls at $0.70 and sold at $1.00 for a nice quick was hard fought and took some balls to hang in there but made it work...Thanks for the heads up.