This page has been archived and commenting is disabled.
Stunned Investors See NFLX Stock Split Gains Eviscerated As Icahn Exits
You just can't make this up...
- *ICAHN SAYS SOLD LAST OF OUR $NFLX TODAY.
Sold last of our $NFLX today. Believe $AAPL currently represents same opportunity we stated NFLX offered several years ago.
— Carl Icahn (@Carl_C_Icahn) June 24, 2015
AAPL...
As a gentle reminder again... here's what happened the last time NFLX split its stock (for the good of the retail investor's affordability)
We're gonna need some greater fools! Here's why (hint - the big boys are running away in record size)
Charts: Bloomberg
»
- 36070 reads
- Printer-friendly version
- Send to friend
- advertisements -
We've got some of the greatest fools in the world, although as with everything, China seems to be catching up.
The leeming instinct / herd mentality within humans is simply incredible.
Most humans are just fucking stupid.
This makes sense when one thinks about it, because less than 200 years ago we were collectively drag racing plow mules around the farm hoping to harvest enough to survive winter (presuming northern climate - its actually gets worse if you move to the equator).
Not a lot of room in that equation to write prose on the fence post or tinker with research. Free time was probably blown on sex and inebriation.
EDIT: This is probably the green light from the Ichan-antor to dump his Apple position ...
Regards,
Cooter
The dumb ones might. The smart ones mulched.
This is an Icahn trademark to leave a company a smoking wreckage when he bails out. After all, it's about increasing "shareholder value".....
It moved so fast, from about $705 to $688 in what seemed like an instant. Already bid back up to $697, of course! Buy that effing dip!
which now explains why AAPL and FB are being used to prop up ES and NASQ
But we must learn right now what Icahn's opinion on the "Confederate" flag is!!!!
Why does a pud like Icahn feel the need to tell the world what he's doing? He's either an idiot with too much ego or setting up another play....or both
Because he probably loaded up on Puts this morning as well.
Isn't what he's doing illegal (not that that counts for much these days)?
DavidC
Yes, it is very illegal. See my post below. Laws only apply to people like you and me.
Only if your Martha Stewart.
I wonder why Martha did not exercise her white privilege.
'I wonder why Martha did not exercise her white privilege.'
She accidentally identified as black.
The guy who put Martha away and sat on the board of HSBC during the laundering now runs the FBI... Meditate on that.
.
She's not mine! Oh, you meant "you're". Public schools.
It always comes down to one thing, money. No question he had a short dated out of the money put or short position in NFLX and the opposite on AAPL. As soon as moves occur he gets out with tidy profit. What, did you think he's doing, helping his fellow Americans?
I explained the whole split thing to Carl last night over pizza. I guess it got it.
But if I have 100 shares....then I have 700.....MOAR is better?
sarc/
Icahn: Allow me the opportunity to screw the guy who bought at $706.24 today by taking this time to announce I've sold out.
If I tweeted this shit FINRA would have their head so far up my ass they could taste the tacos I had for dinner last night.
Didn't Apple just split too?
Certainly a lot less complexity with Netflix. "The more Internet service offered to the human race the higher our stock price."
Wonder how Carl's oil company in Kansas is doing.
But Jim Cramer said....Buy! Buy! Buy!
Maybe he meant Bye! Bye! Bye!
Actually now would be a good time to buy. Clearly Carl thinks we are in an equity bubble and Jimmy got totally blindsided...but what has fundamentally changed here again?
"Television Man changed his mind again"?
NAMBLA.
It's never enough to win...the other guys have to lose to really make them feel good...it's in their DNA
"Quick! Somebody get CALPERS and the Chicago pension fund on the phone!"
That explains a lot, I wondered what the hell had happened with NASDAQ and crApple. Anything to keep 'the market' up.
DavidC
QQQ's print a new high. All's well.
MSM shouting over a bullhorn..Buy the fucking dip lemmings.
/LOL
The lemmings are the people who sell because one guy says "sell"...and vice versa of course.
That lasted all of 15 minutes (Andy Warhol moment, I guess). If he's already out, then there is no danger from the sales pushing the price down. Everyone buying now believes that they are smarter than Icahn. Price is moving up again. Guess there are a lot of smart people out there.
Netflix just ' improved ' their website. The idiots ruined their website. It is now almost unusable; black background makes it hard to read ( website developement beginners course ), movie titles removed - now you have to try to see the title in the movie art poster, movie ratings and and add/remove from personal list are hidden from view. Now you have to scroll over movie poster for a blow up version. Three clicks in and you can finally find the members reviews - only two reviews at a time with white letters on black background - hurts to try to read.
Netflix's management team is retarded. They need to fire anyone in every level in design and management that approved of the nightmare website they just unrolled worldwide.
Maverick
You still pay for Netflix? Is that on top of cable?, and the Internet?, and your bundled package?
Standard Disclaimer: Mirrors would do well to reflect further.
Hey Cheech, why don't you worry about what you pay for in your own house, and fuck off . What a dumbass. What, do you get Netflix for free ?? I buy what I want, and pay the price if I think it is worth it. Hey douche bag, there are some people in the world that can afford stuff, and actually pay for that stuff.
Maverick
cum. flows?? I had some of that going on last night...
Little did you know that it all went into Icahn's pocket.
"Every sperm is sacred..."
How was it evicerated? It looks like it's up by nearly 2% today....
Your comment really makes Arther Anderson happy.
:)
Evicerated is like a 5% drop. A Plunge is like a 2% drop lol. They're stock boys they get all worked up when they're zoomed in.
Fuuuccckkkeeerrr i-Con bankrupted Blockbuster when his son was on the board of NFLX and handed it over to his good buddy Charlie Ergen at Dish for literally pennies on the dollar, then bought into NFLX after literally all competition was destroyed, other than the shitty redbox machines. Took NFLX up to its absolute highs now never to be seen again and is shorting the shit out it. WTF isn't i-Con in an orange jumpsuit locked up for life with Madoff. Of all the vile, he is numbero uno.
Think about how appropriate his name is for this age...we have the iPad, the iPod and the
i CON
The markets are so boring lately. Greece is saved, Greece will never be saved, the Fed will raise rates, the Fed will never raise rates.
Same circle jerk, different day.
Peter North...
Icahn realized the dumb and dumber crowd has entered the stock. Time to exit while there are so many bag holders.
I imagine Netflix is caught up in the AT&T throttled down services in the TOS lawsuit scam. Unlimited service is a Obamcare rainbow ride to get ass fucked. Unlimited service state's we can charge you despite false advertising contract agreements.
All in a day's work:
10:00 AM - Icahn owns 52,760,848 shares AAPL @ $128.65
10:30 AM - Icahn pronounces on AAPL
11:00 AM - Icahn owns 52,760,848 shares AAPL @ $129.48
________________________________
One hour of "work:: 52,760,848 x $0.83 = $43,791,503.84
One hour of "work". I felt a little twitch in my iPhone when it happened--probably the battery getting ready to burn out for the third time.
Wikipedia has a nice history of Icahn's purchases and Tweets about AAPL. He pulls this shit on a regular schedule. Are people who own .92% of a company allowed to pump the market in this manner?
C'mon, now. Where's your American Spirit? Mr. Icahn is a job-creator. He deserves every penny of that money.
I only wish it could be given to him capital gains tax free. Oh, if only this were a fair country for the elite and well-connected.
Someday. A dreamer can dream, can't he?
Fuck netflix. They want a new credit card from me because the old one expired. Sorry, we're done here!
Unless you want to see really old "B" movies or cartoons, who would watch Netflix? very very few good movies.
How about "The Warmest Color Is Blue"? Some nice fake lesbian sex there.
Well, I never thought I'd type this sentence: Carl Icahn and I have something in common. I just dumped my subscription to Netflix yesterday.
I wonder if that was the breaking point for Mr. Icahn? I move markets! LOL
somebody really (paging Anonymous) needs to hack his twatter account and have some market moving fun.
OR maybe the PPT might like to have a go! seems like an awful cheap way to cause a lot of movement.
good job zerohedge.... you are feeding news that is making me proud of your work.
Eviscerated? It's 2.8%. Anyone holding NFLX should be used to volatility like that.