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Icahn wouldn't be above sending a tweet like that to raise the price before unloading shares. His goal is to maximize his return, not that of his twitter follo
by finnh 13y ago
Icahn wouldn't be above sending a tweet like that to raise the price before unloading shares. His goal is to maximize his return, not that of his twitter followers.
- hamburglar 13y agoI kind of doubt blowing his credibility with a pump-and-dump is part of his long-term plan for maximizing his return.
- finnh 13y agoI'm not saying it's a pump-and-dump. What I am saying is that Icahn (and others like him) are very careful to hide their purchases from the market while they are still purchasing, in order to prevent their own purchases from unduly raising the price. If anything, Icahn's tweet signals that he is no longer purchasing AAPL in quantity. Now he wants the market to "catch up" to his value appraisal so he can realize a gain.
- asdfologist 13y agoSo... it's a pump-and-dump.
- ceejayoz 13y agoIt's more likely to be a pump-and-keep, given his history.
- grannyg00se 13y agoAnd he's not even trying to hide it. "We currently have a large position". That means no longer purchasing, it has been done.
- mik3y 13y agoWhat I find interesting is Icahn filed a press release yesterday, basically telegraphing his intention to post juicy bits like this to Twitter: NEW YORK, Aug. 12, 2013 (GLOBE NEWSWIRE) [..] Our Chairman, Carl C. Icahn, intends to use Twitter from time to time to communicate with the public about our company and other issues. [..] It is possible that the information that Mr. Icahn posts on Twitter [..] could be deemed to be material information. Source: http://www.ielp.com/releasedetail.cfm?ReleaseID=784592 http://www.ielp.com/releasedetail.cfm?ReleaseID=784592
- deleted 13y ago[deleted]
- fivethree 13y agoYou're suggesting that Icahn is trying to pump and dump one of the largest companies on the planet? Investment isn't one of your better skills is it?
- finnh 13y agoWow, hostile! See my response to this same question when it was more gently expressed by 'hamburglar.
- wikiburner 13y agoAnyone interested in the backstory of this sort of thing might find this brief article on Icahn's "$2,000 Tweet" interesting. http://www.buzzfeed.com/mariahsummers/if-you-want-to-be-a-tweeting-activist-investor-it-will-cost http://www.buzzfeed.com/mariahsummers/if-you-want-to-be-a-tw...