lol icahn buys another 500m after earning news, total at 4billion now.
that's a large position...even for icahn
Yeah, a massive 1% stake in the co.
yeah but like 20% of icahns roll.
Yeah, I was simply proposing a preferable risk. The AAPL 2-lot fly structuring was a $2500 risk against $5000 in shares. I bot some stock at 503.88 in a retirement account, but I am nearly flat mkt here other than a large GOOG bear position in an OPM account. I am personally long ICPT from ~281 and 50 lot SPX in short gamma/short delta:
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Mkt doesn't care whether it's 1/5 or 5/5. It's of no consequence to a company with a mcap of >100x his position. He has ostensibly no position in terms of leverage on the board.
ok big guy
How has Icahn's position helped sales? EPS growth is death even with the share-reduction. The tool could go all-in and it wouldn't amount to 3% of the company.
How's your long doing?