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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 | Link to Comment 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 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

sell sell sell!

Wed, 01/22/2014 - 11:55 | Link to Comment 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 | Link to Comment max2205
max2205's picture

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

Wed, 01/22/2014 - 12:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Colonel Klink
Colonel Klink's picture

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

Fixed it for you!

Wed, 01/22/2014 - 12:27 | Link to Comment intotheblack
intotheblack's picture

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

Wed, 01/22/2014 - 12:02 | Link to Comment Stoploss
Stoploss's picture

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

Wed, 01/22/2014 - 12:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment MachineMan
MachineMan's picture

His penile implant is powered by Apple.

Wed, 01/22/2014 - 12:01 | Link to Comment 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 | Link to Comment DavidC
DavidC's picture

Bunch of sheep buying it.

DavidC

Wed, 01/22/2014 - 15:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Racer
Racer's picture

Snake oil salesman

Wed, 01/22/2014 - 11:59 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment pan
pan's picture

Dump coming!

Wed, 01/22/2014 - 11:59 | Link to Comment max2205
max2205's picture

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

Wed, 01/22/2014 - 12:00 | Link to Comment max2205
max2205's picture

The theory of diminishing tweets?

Wed, 01/22/2014 - 11:59 | Link to Comment 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 | Link to Comment Seasmoke
Seasmoke's picture

However , it is pronounced I CON. 

Wed, 01/22/2014 - 12:02 | Link to Comment 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 | Link to Comment Seasmoke
Seasmoke's picture

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

Wed, 01/22/2014 - 11:59 | Link to Comment vincent
vincent's picture

Paging Mr. Ackman...

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

 

Wed, 01/22/2014 - 15:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment unwashedmass
unwashedmass's picture

and so its time to sell. 

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

Pretty much.

Wed, 01/22/2014 - 12:04 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment jcaz
jcaz's picture

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

Wed, 01/22/2014 - 12:29 | Link to Comment 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 | Link to Comment 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 | Link to Comment fooshorter
fooshorter's picture

Go Fuck Yourself Cunt Punt!

Wed, 01/22/2014 - 12:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment QQQBall
QQQBall's picture

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

Wed, 01/22/2014 - 12:15 | Link to Comment 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 | Link to Comment 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 | Link to Comment lemarche
lemarche's picture

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

Wed, 01/22/2014 - 12:17 | Link to Comment 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 | Link to Comment 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 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Fuck you and your ISHIT technology.

Wed, 01/22/2014 - 12:22 | Link to Comment Spungo
Spungo's picture

I thought pumping and dumping was illegal

Wed, 01/22/2014 - 12:59 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

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

Wed, 01/22/2014 - 12:23 | Link to Comment 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 | Link to Comment 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 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Carl Icahn is long Threshold Pharmaceuticals till 15 USD

Wed, 01/22/2014 - 13:00 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment soopy
soopy's picture

iCon --> world's biggest shillionaire

Do NOT follow this link or you will be banned from the site!