The last few days, Herbalife (NYSE:HLF) has staged a zombie-like performance that has scared a lot of people with short positions. It has been one of the most heroic impersonations of "dead cat bounce" that has been seen in a long time. Apparently the main reason was a road show by John DeSimone, and the usual bullish reporting by sycophant Tim Ramey, as reported by Matt Stewart,here, along with a press release by Herbalife that spun a ruling in a shareholder lawsuit into a vindication of the company's business model, when it was no such thing. The court merely told the plaintiffs they could'a done their own due diligence, and the company adequately disclosed the risk. This is all about a business model that is by definition open to challenge at any time, and other investors in MLM companies should take note. Nothing new under the sun, spin works only for a short while. Read more