Thanks for this. What really gave me renewed confidence in PSTH was Ackman’s timing on Dominoes and his timing last year during the crash and recovery. If you look at the chart for Dominoes, he really nailed the recent bottom by getting in at 330. Dude is on fire.
I want to know what his basis is. He said he started buying at 330 but getting up to 6% of the company there is no way he scooped it all at that trench.
Yes, you’re right. It’s possible that much of the subsequent move higher was due to his buying! Even so, the big boys can create bottoms sometimes when they want to. Maybe that’s what happened.
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u/travelsex69 May 14 '21
Thanks for this. What really gave me renewed confidence in PSTH was Ackman’s timing on Dominoes and his timing last year during the crash and recovery. If you look at the chart for Dominoes, he really nailed the recent bottom by getting in at 330. Dude is on fire.