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.

I've covered him before. It's worth another look.

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.


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