Saturday, February 7, 2009

Ackman 's hedge fund invested in Target now down 89.5%

Anyone wondering why Ackman hasn't been on CNBC pumping Target? Now he's down 89.5% in his position in Target because he used options and borrowed money to get his stake.
http://www.nypost.com/seven/02072009/business/ackman_mies_target_153940.htm

I've covered him before. It's worth another look.
http://aaronandmoses.blogspot.com/2009/01/ackmans-pershing-square-iv-hedge-fund.html

But what else is new? Another Wall Street "genius" showing his cards.

Now we know Ackman's steriod of choice. And unlike his fellow New Yorker, A-Rod whose choice was Primobolan and testosterone, Ackman's juice was what Wall Street lived on.

L-E-V-E-R-A-G-E!

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