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Carl Icahn Covers 3 Million NFLX Shares On 457% Gain
Just as we wondered earlier in the day...
Has Icahn tweeted an update on his NFLX position yet?
— zerohedge (@zerohedge) October 22, 2013
Sold block of NFLX today. Wish to thank Reed Hastings, Ted Sarandos, NFLX team, and last but not least Kevin Spacey: http://t.co/BRWpKOBfD2
— Carl Icahn (@Carl_C_Icahn) October 22, 2013
What is perhaps most worrisome for the market is the sale of 2.99 million shares collapsed the market cap by around 20%...
Our guess is that there is no way Icahn announced this without protecting the rest of his position... so expect volatility to get a little crazy as the OTC positions begin to be unwound and more of his position unwound...

Of course, he hedges his sell...
- ICAHN SAYS NETFLIX REMAINS `SIGNIFICANTLY UNDERVALUED'
- NETFLIX HOLDER ICAHN REPORTS SALE OF 2.99M SHRS
- ICAHN CITES 457% NFLX SHR PRICE BOOST SINCE ORIGINAL INVESTMENT
Of course it's "undervalued" - he still has millions more shares to sell to hapless bagholders. Such as the algo that bought NFLX at $390 24 hours ago, to which all we have to say is: 0100101001110101011100110111010000100000010000100101010001000110010000010101010001001000
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He should play at poker night on BBG lol. - http://hedge.ly/178ibZ0 Billion $ profit
mother fuckin spotted hyena Carl I CAN ICahn says thank you on his twitter account to all the suckers who he offload to...this zionist fuck just keeps making more money without doing jack shit except tweeting.
You know someone was offloading when the stock was up like 25 bucks and then was down 15 in a blink of an eye. Fuckin joke.
The fucker also probably bought put options today to hedge his remaining long position....so its WIN WIN WIN again for I CAN CAN CAN.
>> making more money without doing jack shit
Wait a minute, these are the producers and jobs creators. Heaven forbid someone should levy a "hate" tax on them.
Oligarch-plutocrat Icahn forgot to thank Bernanke.
Addendum:
I forgot, the plutocrat has already thanked Bernanke.
http://www.zerohedge.com/news/2013-09-24/carl-icahn-long-ben-bernanke
Algos to infinity! Math is the new black. Everyone should wear a formula (and bribe their politicians and Central Bankers)
A lot more people will be watching day time, week day movies & shows soon -
Record 90,609,000 Americans Not In Labor Force, Employment Among Women Hits 24-year Low, Economy ‘stalling’
http://investmentwatchblog.com/record-90609000-americans-not-in-labor-fo...
Forward!
Gee, do you think the asshole engineered the move from $350 (VWAP) to $394 yesterday, so he had a higher level to unload his shit. Most of his shares went off this morning at a VWAP of about $360. Just look at the volume on an intra-day chart and compute the VWAP for the period when there was real action - 9:30 to 11:00 EST.
This guy is disgusting.
@HedgeAccordingly
downvote for promoting anything to do with the CNBSization of Bloomberg, albeit they are pathetic
WTF poker nite with scumfucking leaches
pffft we can PRINT MOAR jobz!
A Freudian slip?
"Wish to thank Reed Hastings, Ted Sarandos, NFLX team, and last but not least Kevin Henry"
#Icann: Thought I'd let you know I dumped 3 million share, thanks suckaz
Im sure all his NETFRAUD deals were 100% above board, Im sure that I-CON didnt buy any NETFRAUD shares on insider trading tips from Hastings, and Im certain that the whole NFLX ponzi run-up had nothing to do with bernanke and the frauderal preserve.
All honest trading, period.
Does NETFRAUD still have that $6.5 billion debt 'off balance sheet'?
Who doesn't? Hell, I moved all of my liabilities out to a holding company, and I feel better already! The odd thing is my creditors and such don't accept the arrangement, even when I cite my holding company.
Ah you're obviously not part of the club then
Missed the back story on this.
Unless he sells to the company, why does that affect the market cap?
The share price dictates market cap. Along with # of shares outstanding.
Tyler added the chart.
One hell of a slide. Whooopeee.
To all the new owners of NFLX: play stupid games, win stupid prizes!!
The only thing that screams "buy" more than this cover, is another qtrly miss.....
Solid move.....now he should wheel the proceeds and short the shit out of this sucker. It's not likely anybody is watching. Just do it !
I could use a good dose of MillionDollarBonus at this point.
~~or francis_sawyer~~
I wonder if he's gonna tweet how much money he made on his puts...
"0100101001110101011100110111010000100000010000100101010001000110010000010101010001001000"
Is that "18003825968" in binary?
"Just BTFATH"
http://home.paulschou.net/tools/xlate/
Periodic table with a center piece of mind.
http://www.youtube.com/watch?v=dFSm9vfwtNw
Tricky big data code.
I looked at the put options yesterday and decided they were too richly priced. Premiums were through the roof. You know damn well he made a ton of money selling his options today as well and I'd guarantee he ran that stock up yesterday with every intention of selling into it today.
yup. Not unplayable with a good guess at time & a level of a drop but
NFLX P 22MAR14 220.00
100 out of the money, sitting at 7.55 to get in. As fucking if.
Given the hefty prices & volatility going the wrong way with the rigging, and Icahn IS rigging it how he pleases, who would dare get less time & lose it all? At least with SOME time you could take a little profit later on.
Even that little one up there, wait 6 months & lose 50 from the share price and it's no gain at all.
I think I'd go with agq calls or maybe even TSLA puts may or may not have a shot given the giant rise.
Then again I think NFLX is garbage given all the much newer things you can get with free torrents. Why anyone would waste money on netflix service... can't imagine.
I-CON is a criminal. A total POS.
Wait I just bought 1000 shares yesterday@ $390 because Carl was invested. I'm glad he still thinks they are undervalued. I would have felt like a fool.
I wish to thank Ben Bernanke, Ben Shalom Bernanke, Helicopter Ben and last but not least, Mr. Hewlett and Mr. Packard.
+ 2.99 million share x roughly $350.00 per share = a lot of iCons to come. I truly despise this mf'er.
Carl Icahn
Warren Buffett
The bigger criminal?
The true definition of an insider is an individual whose activity with the rulers cannot be viewed from the outside. This fits Carl Icahn to a “T.” And it brings to mind Ron Paul’s flat appraisal that Fed money is a flow undetectable by outsiders. So what is wrong with a demand for more transparency concerning the activity of the public equity markets and the major players and from whence their “source” flows?
Ron Paul: “If it comes to true transparency, like allowing an audit of the Federal Reserve, and letting us know who they bail out and when they bail out and what they did in ’09 with their trillions of dollars, and all the international transactions, there’s no way that’s going to be permissible. Because that’s where all the power and control is accomplished: it’s behind the scenes with the Fed on international transactions.”
http://www.zerohedge.com/news/2013-10-19/ron-paul-knows-longer-qe-lasts-worse-it-will-end
from thestreet.com: Netflix (NFLX_) CEO Reed Hastings is back to unloading millions of dollars' worth of NFLX stock. This does not come as a surprise. Netflix told us it was coming in its January 23, 2013 letter to shareholders: Starting in July, Reed has some 10-year employee options expiring every month, and he plans to sell upon forced-exercise. He has no other sales planned. Some. I love it. Try 15,238 shares underlying options for the June 24 transaction. I guess words such as "some" are merely relative terms to guys like Reed Hastings. While Hastings took a one-year hiatus from selling stock, other executives did not.... You can review a complete history of NFLX insider sales at the SEC's Website...
Don't worry about Hastings et al. They got plenty.
Nflx buy share buy back might be on hold
This should be a day traders dream for the next couple of months
Evanescence- Lacrymosa Lyrics on Screen
http://www.youtube.com/watch?v=1yyJG9uIm_M (3:38)
Zerohedge has been bashing nflx for years and it has gone up constistently. It doesn't really take much insight to constantly predict doom for years until inevitable price drops occur...
There was a dude warning about Madoff for twenty years, while noone listened and the ponzi kept growing. Was he wrong too?
fools believe that when they look at the price of the stock, they can multiply that number times the number of shares they have and that is what they have in the bank.
:)
Yes but the common garden variety fool is in good company in that regard.
The fund managers, the regulators, the government all assume that because of the magic of market efficiency, assets are automatically fairly valued. And this regardless of how much the market is manipulated.
It's kinda strange. We force the market up with money printed out of thin air, destroying the market, then we pretend the ramped prices are "market prices" and indicative of value.
Also, prices are assumed to be "market prices" even if a handful of holders hold 95% or more of the company. This is great for fund managers, as they can ramp these shares and then claim great performance based on unrealized gains.
Selling 2.99 million shares drops stock by 20%.
Day's volume 25.8 million
But we already know 70% of vol is algos so real volume is 7.74 million shares
So he really sold 40% of today's volume. No wonder the price went to hell.
Next question, why would he hammer it? Why didn't he feed the stock into the market over several days?
Could it be that he figured if the market found out he was selling size everyone would pile in and he would get an even worse price?
Or does he want to liquidate quickly because he thinks there isn't much time before the whole shithouse blows up?
Or maybe that was a "small" order compared to what he is going to sell over the next few days or weeks?
The way it's done: Icahn tells someone like GS he wants to sell...like last week. They agree on a price...say 350 on Tuesday (today).
Last week GS (or whomever) runs the stock up as high as it can, 390.
Now they put on the hedge, shorting as much as possible and selling stock that ICANN will deliver today.
Plus fees GS gets 5% plus the hedge shorting and selling from 380 to 390
Down to today's or Wednesday close. Now at least 80 points times 3 million shares
5% fee $50 mill plus 24 mill trading hedge... All on insider dealer information we don't have.
Not bad for a weeks work... Now you know why GS ECT make so much in pay
iCon the asset stripper who made his money with insider connections has a get out of jail free card: his dual nationality.
Do not do business with this thief. Buy him a one way ticket to Israel or Switzerland.
One might think that Icahn is a great investor by seeing opportunity and profiting from it or one might think that he is a crook that manipulates the price of companies though illegal and unethical means to personally profit. However, I suggest that he is neither of these. It is my belief that he is a tool of insider/elitist policy used to polarize people and manipulate perceptions.
Think of the things that have come into our mind as a result of the ZH article about Icahn's actions. Those are the things you have been programmed to think and it is expected that you will have a predictable response... be it to sell NFLX, buy the dip, get angry, become jealous or whatever. There will be a mixture of responses which will propagate the dialectic unabated ... and so we are easy to control.
In my view, this is also just another head-fake shake and bake ... full of sound and fury, signifying nothing.
Where do I sign up for the billion dollar head-fake? I'm up for it.
Hey Carl, you dispicable Joo Banker Cunt! I used to deal with some folks up the Main Line and over Wilmington way and I never understood why a couple of the old guys would always warn me about the, "money changers", and the "New York Jews"?
Now I get it, those oldtimers actually risked their capital, built things, and employed people in their hometowns.
You and your kind just play the 3 Card Monte and the Ponzi. I hope you fuckin rot in hell you cunt. You never put a cent back into this country. You are a clever one though and are scurrying off with your little piece of rat cheese.
The Big Rats are coming around aren't they Carl. Haha, bet you're buying gold.
The latest edition to my rules of investing, "If Icahn is in it, I don't want to be".
Arrogant fuck. Shearing the sheeple with a shit kicking grin. This slime ball is laughing all the way to the bank.
Anybody else playing the short side here?