Beware these public announcements. Icahn was buying hand over
fist last week. Here are some snippets from WSJ article. "
And in Miami, Carl Icahn was just off the tennis court. As oil
prices fell, he thought about
Occidental PetroleumCorp.,
the energy company he has been publicly sparring with for months.
Shares closed the prior Friday at $26.86. The billionaire investor
phoned his lieutenant in New York with a buy order.
“10 to 20 million shares. And do it at $20 or better.”
And further down...
Tuesday
Keep buying, Mr. Icahn told his traders. He had bought $380
million in shares of Occidental already this week, paying around
$17 apiece. At noon, the company announced a steep cut to its
dividend. By the end of the day, Mr. Icahn had purchased another
$400 million for less than $14 each
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how can retail investors follow
https://www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html
Posted by arun on 14th of Mar 2020 at 10:00 pm
how can retail investors follow his lead ? is there any ETF to short
Beware these public announcements. Icahn
Posted by tgo5043 on 15th of Mar 2020 at 10:41 am
Beware these public announcements. Icahn was buying hand over fist last week. Here are some snippets from WSJ article. "
And in Miami, Carl Icahn was just off the tennis court. As oil prices fell, he thought about Occidental PetroleumCorp., the energy company he has been publicly sparring with for months. Shares closed the prior Friday at $26.86. The billionaire investor phoned his lieutenant in New York with a buy order.
“10 to 20 million shares. And do it at $20 or better.”
And further down...
Tuesday
Keep buying, Mr. Icahn told his traders. He had bought $380 million in shares of Occidental already this week, paying around $17 apiece. At noon, the company announced a steep cut to its dividend. By the end of the day, Mr. Icahn had purchased another $400 million for less than $14 each