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Carl Icahn Does The Apple Tweet-Pump
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:
More tweets coming? Icahn sells bonds for "general partnership purposes" http://t.co/VJSKWSjlFO
— zerohedge (@zerohedge) January 21, 2014
And sure enough, less than 24 hours later, here comes the now well-known Icahn Tweet-pump
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.’
— Carl Icahn (@Carl_C_Icahn) January 22, 2014
Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.
— Carl Icahn (@Carl_C_Icahn) January 22, 2014
We feel $APPL board is doing great disservice to shareholders by not having markedly increased its buyback. In-depth letter to follow soon.
— Carl Icahn (@Carl_C_Icahn) January 22, 2014
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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With only four consecutive quarters of lower year over year earnings, why not, right Carl?
sell sell sell!
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
SEC?.....hate that fucker...fuck you ICant
Icant prop runs con on Icant flow... shades of GS
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.
In the next few months people will be selling their iShit for whatever they can get for it.
Bullets. Beans. Bitcoins.
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.
SEC?.....hate that fucker...fuck you iCunt
Fixed it for you!
Yes. What's up with that would you say? Why the CAD sell-off?
‘no brainer.’ Must be what he see's when looking in the mirror...
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.
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.
His penile implant is powered by Apple.
Samsung Galaxy, Carl, you TWA rapist!
You're worse than Frank Lorenzo, because your corps keeps showing up on Twitter.
Bunch of sheep buying it.
DavidC
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.
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!"
+1
This is such BS manipulation by Icahn. He is really trying to keep Apple afloat.
Snake oil salesman
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!"
Is this not market manipulation, pure and simple? If it weren't for porn, the SEC would have nothing to do.
"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.
"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.
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.
Dump coming!
Tweet onlg good for 6 points used to be 20 or 30....
The theory of diminishing tweets?
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.
However , it is pronounced I CON.
You say I CON I say I CAN then the con part.
You say tomato I say tomato.
Hopefully he can take it all with him, to the synagogue in the sky.
Paging Mr. Ackman...
Grab some friends and short the piss out of this thing.
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.
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.
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.
and so its time to sell.
Pretty much.
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.
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.
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.
You're lost- the Yahoo stock message boards are over there.....
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.
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
Go Fuck Yourself Cunt Punt!
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.
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!
$3billion.... he puts his mouth where his money is!
$3billion.... he puts his mouth where other people's money is!
There fixed that for you.
It's almost as if there is a concerted effort to ensure that the NASDAQ hits 14 year highs each day. Did it this morning.
FUCK YOU ICAHN AND FUCK YOUR TWITTER FRONT RUNNING !!! SCUMBAG
Why does he put a "$" 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.
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!!!
Fuck you and your ISHIT technology.
I thought pumping and dumping was illegal
Carl's fine will be much less than his profit.
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
I guess that we can safely say that Icahn is not a CFA charterholder. LOL.
Carl Icahn is long Threshold Pharmaceuticals till 15 USD
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.
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.
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?
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.
I have asked regulators to judge on the efficacy of this tweet, and others, posted by Bill Gross.
It's always a no brainer when you can move the market into a comfort zone of gains and ride any further upside.
Hopefully it won't matter much, Icahn is right behind Buffet and Soros on many 2014 Wall Street "financier" Dead Pool lists.
iCon --> world's biggest shillionaire