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Did Someone Know Einhorn Won’t Recommend Shorting Herbalife?

Herbalife was up around 6% on day when everybody was expecting David Einhorn to reveal a short position in the stock at the Ira Sohn Conference. This just doesn’t make sense unless someone knew that Einhorn will recommend other stocks and bought Herbalife in anticipation of a huge jump. In fact, Herbalife jumped after Einhorn’s presentation and closed the day at nearly $50. It was up 17% today.

GREENLIGHT CAPITAL

I am not sure this counts as ILLEGAL insider trading though. It is just a positive externality of being close to David Einhorn.

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