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Carl Icahn Does The Apple Tweet-Pump

Tyler Durden's picture




 

Almost exactly one day ago, when we noted that Icahn Enterprises has just sold a new batch of bonds, we predicted that the billionaire activist would follow through with a fresh volley of tweets:

And sure enough, less than 24 hours later, here comes the now well-known Icahn Tweet-pump

So, Icahn now has $500 million less in future AAPL purchasing power and is merely looking for piggybackers to take his exit-basis higher?

That said, good luck Carl: we realize it is an "ego thing" to not only go activist on the biggest public company out there, but bend it to your will - after all what else can one possibly want to put on their tombstone - but this one will take a whole lot more than just a few hollow "highly confident letters" from Jefferies  to get over the hump.

 

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Wed, 01/22/2014 - 11:50 | 4355396 ejmoosa
ejmoosa's picture

With only four consecutive quarters of lower year over year earnings, why not, right Carl?

Wed, 01/22/2014 - 11:51 | 4355397 Lets_Eat_Ben
Lets_Eat_Ben's picture

sell sell sell!

Wed, 01/22/2014 - 11:55 | 4355414 Boston
Boston's picture

Sell?

That's exactly what's happening to the CAD. It's about to break below $0.90 which was last seen in 2009.

Next stop: $0.85

Wed, 01/22/2014 - 11:58 | 4355428 max2205
max2205's picture

SEC?.....hate that fucker...fuck you ICant

Wed, 01/22/2014 - 12:11 | 4355485 aint no fortuna...
aint no fortunate son's picture

Icant prop runs con on Icant flow... shades of GS

Wed, 01/22/2014 - 12:13 | 4355497 eclectic syncretist
eclectic syncretist's picture

Hey Carl "I-Con" you out of your money.  Why don't you double down on EBAY and NFLX before they report after the bell.  And why don't you get on apples ass to make a better product than Samsung and maybe you won't have to be such a twit.

Wed, 01/22/2014 - 12:30 | 4355567 fonestar
fonestar's picture

In the next few months people will be selling their iShit for whatever they can get for it.

Bullets.  Beans.  Bitcoins.

Wed, 01/22/2014 - 12:55 | 4355657 DeadFred
DeadFred's picture

Apple is backed by the full faith and credit of the NSA. What could possibly go wrong? Other than with non-American customers, that is. Or with Americans who don't like being spied on.

Wed, 01/22/2014 - 12:14 | 4355499 Colonel Klink
Colonel Klink's picture

SEC?.....hate that fucker...fuck you iCunt

Fixed it for you!

Wed, 01/22/2014 - 12:27 | 4355554 intotheblack
intotheblack's picture

Yes. What's up with that would you say? Why the CAD sell-off?

Wed, 01/22/2014 - 12:02 | 4355446 Stoploss
Stoploss's picture

‘no brainer.’  Must be what he see's when looking in the mirror...

Wed, 01/22/2014 - 12:30 | 4355557 Againstthelie
Againstthelie's picture

Isn't it old investment advise, to stay away from things you don't understand? This old man, without any clues about computers or software, should stay away from such a company. He - and probably 95% - has no clue, how thin the ice in this sector between success and failure is.

Wed, 01/22/2014 - 15:29 | 4356222 scraping_by
scraping_by's picture

What Oldie knows is C level executives. A bunch of overdressed bookkeepers whose job is surfing the latest management fad. Who got their jobs by sticking the nose up the right asshole and getting pulled up to the top.

Keeps up that BigBad act and they'll panic and give him what he wants. Scared when there's nothing to be scared of. And if that doesn't work, there's always a very golden parachute.

Wed, 01/22/2014 - 21:25 | 4357447 MachineMan
MachineMan's picture

His penile implant is powered by Apple.

Wed, 01/22/2014 - 12:01 | 4355443 thunderchief
thunderchief's picture

Samsung Galaxy, Carl, you TWA rapist!
You're worse than Frank Lorenzo, because your corps keeps showing up on Twitter.

Wed, 01/22/2014 - 12:24 | 4355539 DavidC
DavidC's picture

Bunch of sheep buying it.

DavidC

Wed, 01/22/2014 - 15:25 | 4356198 scraping_by
scraping_by's picture

A bunch of slick operators who know, I mean, KNOW, they'll be able to ride the pump up to the top and then get out before everyone else.

As long as none of them are doing it with my pension fund, it's just bloodless sport.

Wed, 01/22/2014 - 13:56 | 4355885 Bokkenrijder
Bokkenrijder's picture

One more reason that I hope that AAPL crateres.

Yes I own Apple products, but "I'm talking about drawing a line in the sand...this ARROGANCE (from both Apple and Icahn) will not stand man!"

Wed, 01/22/2014 - 14:18 | 4355991 Freddie
Freddie's picture

+1

This is such BS manipulation by Icahn. He is really trying to keep Apple afloat.

Wed, 01/22/2014 - 11:54 | 4355413 Racer
Racer's picture

Snake oil salesman

Wed, 01/22/2014 - 11:59 | 4355441 ejmoosa
ejmoosa's picture

Popped into my head one of those old commercials where they guy screams " We are overstocked. Our loss is your gain, so come in and get yours today!"

Wed, 01/22/2014 - 11:55 | 4355417 JustObserving
JustObserving's picture

Is this not market manipulation, pure and simple?  If it weren't for porn, the SEC would have nothing to do.

Wed, 01/22/2014 - 12:55 | 4355645 nope-1004
nope-1004's picture

"In depth letter to follow soon...".

 

Oooooooohhhhh.... I can't wait.  In depth analysis on APPL, or more market steering via twitter?

Sounds like a baby without his bottle.

 

Wed, 01/22/2014 - 13:41 | 4355836 philosophers bone
philosophers bone's picture

"Is this not market manipulation, pure and simple"

No, he is just giving the investing public information so that we can make informed investment decisions.  For example, when Icahn tweeted that he spoke with Tim and AAPL was going to do a share buyback, that was very helpful information that was not otherwise avaiable.  Sometimes the companies themselves do not disclose all of the important information, so thankfully we have people like Carl Icahn and Bill Ackman to fill in the gaps for us.

Wed, 01/22/2014 - 15:50 | 4356305 scraping_by
scraping_by's picture

Frontran the official announcement. Probably a few days. We're in awe.

Since he lies constantly about what happens to companies he gets hold of, or just doesn't remember the last loot 'n scoot, I'm not impressed with the value of his information.

Wed, 01/22/2014 - 11:58 | 4355427 pan
pan's picture

Dump coming!

Wed, 01/22/2014 - 11:59 | 4355436 max2205
max2205's picture

Tweet onlg good for 6 points used to be 20 or 30....

Wed, 01/22/2014 - 12:00 | 4355442 max2205
max2205's picture

The theory of diminishing tweets?

Wed, 01/22/2014 - 11:59 | 4355430 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

With a name like Icahn what is not Ilike about him pimping Istock for Iproducts. There is no I in team unless you read between the lines. Bet he is also on the Ipayroll while we are at it.

Wed, 01/22/2014 - 12:00 | 4355439 Seasmoke
Seasmoke's picture

However , it is pronounced I CON. 

Wed, 01/22/2014 - 12:02 | 4355448 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You say I CON I say I CAN then the con part.

You say tomato I say tomato.

Wed, 01/22/2014 - 11:59 | 4355431 Seasmoke
Seasmoke's picture

Hopefully he can take it all with him, to the synagogue in the sky. 

Wed, 01/22/2014 - 11:59 | 4355437 vincent
vincent's picture

Paging Mr. Ackman...

Grab some friends and short the piss out of this thing.

 

Wed, 01/22/2014 - 15:46 | 4356277 scraping_by
scraping_by's picture

Eh, maybe better wait and see if he's coming to the end of his liquidity. Unless he has an unnatural relationship with Ms. Yellen, there is a finite amount of cash he can pour in, but maybe he's got some Chinese expat loot behind him. That's close enough to infinite to do some research before jumping.

Wed, 01/22/2014 - 11:59 | 4355438 Cognitive Dissonance
Cognitive Dissonance's picture

When this is done with penny stocks it is called pump and dump. When it is done by Carl Icahn it is called a national security imperative and thus A-OK.

Wed, 01/22/2014 - 15:33 | 4356231 scraping_by
scraping_by's picture

Since Wall Street brokerage makes its money on stock movement, not price, he actually has a fan base.

And there's always the BK law firms who clean up big after him.

Wed, 01/22/2014 - 12:00 | 4355444 unwashedmass
unwashedmass's picture

and so its time to sell. 

Wed, 01/22/2014 - 12:16 | 4355513 eclectic syncretist
eclectic syncretist's picture

Pretty much.

Wed, 01/22/2014 - 12:04 | 4355451 Dr. Engali
Dr. Engali's picture

Ican't is a fucking old parasite looking to extract blood from a company that should be focusing on developing better products instead wasting time with this degenerate and a freaking share buyback.

Wed, 01/22/2014 - 12:20 | 4355455 disabledvet
disabledvet's picture

They were a lot more fun when they were breaking the law. It will be interesting to see if they really can pull off wearing the White Hat here. They do have the entire "eco system" (hardware, software, apps.) What they're missing is the network...Google knows this and is building one out. With Musk now teaming up with AT&T that makes for capital expenditures going forward.

http://en.wikipedia.org/wiki/OSI_model

This is why the win/tel form factor is still unbeatable. "It's a networking device first and foremost." In other words the security protocols exist within the hardware itself. As Microsoft adds hardware and Intel software the "robustness" of this "Basic" approach only is enhanced.

This is one reason I find the Government's approach to "data security" (and interestingly Silicon Valley need to be attached to it) rather odd. "The protocols are built into the system itself." The human might not know your trespassing...but the computer does and makes a note of it!

Since the system has both a recording and retrieval mechanism built in...in effect "you're spying on yourself."

In other words...ask yourself "how many things are actually run by the computers and not the humans?" The first term that comes into my mind is "the entire global financial system." So on the one hand you can achieve "total informational awareness." But on the other hand the "computer" could be "made" (programmed) aware of this contingency and literally engineer a counter attack.

So absolutely...there is a protocol that the machine follows...and observes to see that it is followed as well. But the key word is PROPRIETARY. In short "the purpose of the machine's programming is to protect the property."

You want Massive Multi-player Online Roleplaying Games? "no problem." but that is PROPRIETARY. In other words the "informational advantage" as it were goes to the network provider and the folks "diving the meaning" as it were.

In effect...by attacking the "protocol" we become part of the computer's "programming."

Better to fly Pteradactyls.

Wed, 01/22/2014 - 12:03 | 4355459 Bam_Man
Bam_Man's picture

Icahn is a disgustng excuse for a human being, but I have to admit he is right about AAPL. In a grotesquely over-valued market, AAPL stands out as one of the few legitimate bargains.

Trailing P/E is only 14. $120+ BILLION in net cash. $12.20 annual dividend.

Compare that to what you get for $402 a share with AMZN. ZERO profits, ZERO dividends and a balance sheet loaded with debt.

Unless you firmly believe that AAPL will never develop another great product EVER, the stock is a screaming buy.

 

Wed, 01/22/2014 - 12:10 | 4355483 jcaz
jcaz's picture

You're lost- the Yahoo stock message boards are over there.....

Wed, 01/22/2014 - 12:29 | 4355498 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Their customer base is the problem. Without the Messiah Jobs to lead the cult of Apple Isheep they are going to wander away over time and as the numbers dwindle the only ones left are going to be income inequalitied out of the equation anyways to afford to buy overpriced and overhypered devices that appeal to vanity and that faux sense of superiority that goes with owning an I-product that brings nothing new or hip to the table. Their only revenue stream without developing a whole new marketing and product strategy is going to be sucking off the tit of the Federal Government through sideways monetization by student loans buying these things as 'school supplies' for class.

Apple pops with all the bubbles if they don't come up with a new marketing plan and products to go along with it.

Wed, 01/22/2014 - 12:14 | 4355504 JustObserving
JustObserving's picture

IBM has seen a massive effect due to NSA spying.  Perhaps, AAPL will also see an effect.  But no effect yet.

Perhaps, only larger customers are more sensitive to security concerns.  Individual consumers seem to be oblivious of the infinite NSA surveillance

Wed, 01/22/2014 - 12:11 | 4355488 fooshorter
fooshorter's picture

Go Fuck Yourself Cunt Punt!

Wed, 01/22/2014 - 12:11 | 4355490 The.Harmless.Who
The.Harmless.Who's picture

 

Someone PLEASE pull the switch.

 

I don't care if it's of Icunt's laptop or his anti-christ life support thingy.

 

Just make him stop tweeting.  

Wed, 01/22/2014 - 12:11 | 4355491 Sudden Debt
Sudden Debt's picture

Have you seen Facebooks P/E?

 

compaire it to apple...

 

sure they're both freaking expensive but there's plenty of suckers willing to buy it!

Wed, 01/22/2014 - 12:11 | 4355492 QQQBall
QQQBall's picture

$3billion.... he puts his mouth where his money is!

Wed, 01/22/2014 - 12:15 | 4355511 Dr. Engali
Dr. Engali's picture

$3billion.... he puts his mouth where other people's money is!

 

There fixed that for you.

Wed, 01/22/2014 - 12:14 | 4355503 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

It's almost as if there is a concerted effort to ensure that the NASDAQ hits 14 year highs each day. Did it this morning. 

Wed, 01/22/2014 - 12:15 | 4355506 lemarche
lemarche's picture

FUCK YOU ICAHN AND FUCK YOUR TWITTER FRONT RUNNING !!! SCUMBAG

Wed, 01/22/2014 - 12:17 | 4355516 Agent P
Agent P's picture

Why does he put a "$" in front of the ticker but not the share price?  Is this a Twitter thing or a billionaire douchebag thing?  I know nothing of either. 

Wed, 01/22/2014 - 12:24 | 4355517 One And Only
One And Only's picture

August 13th AAPL was at $468 now trading at $556.

August 13th BTC was trading at $97 now trading at $940.

Suck it mutha fuckkkkkaaa!!!

Wed, 01/22/2014 - 12:21 | 4355528 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Fuck you and your ISHIT technology.

Wed, 01/22/2014 - 12:22 | 4355532 Spungo
Spungo's picture

I thought pumping and dumping was illegal

Wed, 01/22/2014 - 12:59 | 4355672 TPTB_r_TBTF
TPTB_r_TBTF's picture

Carl's fine will be much less than his profit.

Wed, 01/22/2014 - 12:23 | 4355540 firstdivision
firstdivision's picture

Since tweeting about our large position in $AAPL on Aug 13, when the stock was 468 per share, we’ve kept buying shares of this ‘no brainer to hedge against all the puts we bought!

— Carl Icahn (@Carl_C_Icahn) January 22, 2014

 

Wed, 01/22/2014 - 12:47 | 4355622 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I guess that we can safely say that Icahn is not a CFA charterholder. LOL. 

Wed, 01/22/2014 - 12:54 | 4355651 hugovanderbubble
hugovanderbubble's picture

Carl Icahn is long Threshold Pharmaceuticals till 15 USD

Wed, 01/22/2014 - 13:00 | 4355680 Waterfallsparkles
Waterfallsparkles's picture

I would like to see the Street take him out and short the hell out of his positions.  Yet, for some reason they leave him alone.

Wed, 01/22/2014 - 15:37 | 4356252 scraping_by
scraping_by's picture

As I noted elsewhere, whatever else, his machinations create sales volume, both his own and the fleas trying to ride his pubes up to the peak. And volume is revenue and revenue is bonuses and bonuses are what make the monkey dance.

Wed, 01/22/2014 - 13:07 | 4355707 Waterfallsparkles
Waterfallsparkles's picture

Why does CNBC pump his stocks and his tweets.  No one would pay attention if it wasn't for CNBC talking about it constantly.  Why do they broacast his so called tweets?

Wed, 01/22/2014 - 13:15 | 4355749 Waterfallsparkles
Waterfallsparkles's picture

Ichan is getting top heavy on this position.  He is getting worried about how much he has invested and the stock is not moving to his liking.

He is in the position like Ackman, waiting to be taken out by Wall Street Short Sellers.

Wed, 01/22/2014 - 13:28 | 4355783 Iam Yue2
Iam Yue2's picture

I have asked regulators to judge on the efficacy of this tweet, and others, posted by Bill Gross.

Wed, 01/22/2014 - 13:28 | 4355784 GFORCE
GFORCE's picture

It's always a no brainer when you can move the market into a comfort zone of gains and ride any further upside.

Wed, 01/22/2014 - 14:58 | 4356104 Jam
Jam's picture

Hopefully it won't matter much, Icahn is right behind Buffet and Soros on many 2014 Wall Street "financier" Dead Pool lists.

Wed, 01/22/2014 - 15:12 | 4356137 soopy
soopy's picture

iCon --> world's biggest shillionaire

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