Boone Pickens sells all his Yahoo! shares, at a loss
- Thread starter crgarcia
- Start date
He probably needed to raise money to cover his oil position margins as it is falling pretty hard.
At least he took it like a man and not like some punk blaming short sellers.
Yeah - he is probably getting hosed on oil recently, I bet you no one holds Congressional hearings to investigate shorting in the oil market. I bet no one investigates Yahoo for destroying tens of billions in market value, illegally breaking their fiduciary duty to shareholders.
The fact is, throughout history, fair, smart, competitive players like Pickens get ganged up on and hosed illegally and unethically by corrupt, dishonest, no-talent losers like Yang and the US govt. 80% of so called leaders in society neither want nor can handle a truly level playing field.
Yang is the definition of "lucky fool".
he fucked up on that trade but is still a billionaire. so who fucking cares.
it went down because he bought 10 million shares at May.
basically he got screwed by the market everytime if you try to flip or scalp shares in that size.
that is what 300 million dollar position.
basically he got screwed by the market everytime if you try to flip or scalp shares in that size.
that is what 300 million dollar position.