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I kind of doubt blowing his credibility with a pump-and-dump is part of his long-term plan for maximizing his return.
by hamburglar 13y ago
I 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.