The Briefing Room

General Category => Economy/Business => Topic started by: AbaraXas on March 02, 2018, 04:31:59 PM

Title: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: AbaraXas on March 02, 2018, 04:31:59 PM
Interesting timing. I wonder how he found out ahead of time?

Quote
As the saying goes, timing is everything.
Investor and former regulatory advisor Carl Icahn dumped $31.1 million of stock in a Wisconsin company that relies heavily on steel to make its products last week, days before President Donald Trump said he'd impose stiff tariffs on steel imports.....

https://www.cbsnews.com/news/icahn-sold-millions-in-steel-related-stock-days-before-trump-tariff/ (https://www.cbsnews.com/news/icahn-sold-millions-in-steel-related-stock-days-before-trump-tariff/)





Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: GrouchoTex on March 02, 2018, 04:45:49 PM
Hmmmmmmmm.....
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: endicom on March 02, 2018, 05:28:40 PM
And what didn't he sell?

Anyone else click on the stock symbol to see this? - https://markets.cbsnews.com/mtw/quote/
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: Cyber Liberty on March 02, 2018, 06:43:28 PM
Hey, the Dow's been dropping like a rock the past month.  That's lotsa people selling off.  Are Trump and Icahn buddies?
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: endicom on March 02, 2018, 07:00:38 PM
Hey, the Dow's been dropping like a rock the past month.

Yes.

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That's lotsa people selling off.

Yes.

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Are Trump and Icahn buddies?

Yes.


$31.1 million is not a big deal for Icahn and the stock price hasn't dropped by much. This is a nadaburger, IMO.

Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: Cyber Liberty on March 02, 2018, 07:17:42 PM
That about sizes it up..
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: mystery-ak on March 03, 2018, 11:28:42 AM
I see another Special Prosecutor in the future
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: endicom on March 03, 2018, 02:05:28 PM
I see another Special Prosecutor in the future


If you allude to Mueller then it should be said that he is special counsel and not special prosecutor.

Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: Suppressed on March 03, 2018, 06:34:12 PM
$31.1 million is not a big deal for Icahn and the stock price hasn't dropped by much. This is a nadaburger, IMO.

LOL...It's fallen by 10% just since Trump's announcement.

He dumped this at $32.47 to $34.31, and it's now at $26.93.

It might be an innocent move, but don't pretend a few day change of 10% is nothing or that he didn't get out nicely before Donnie slumped the manufacturing sector.
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: XenaLee on March 03, 2018, 06:41:56 PM
Yes.

Yes.

Yes.


$31.1 million is not a big deal for Icahn and the stock price hasn't dropped by much. This is a nadaburger, IMO.

And.... apparently.... insider trading is a nadaburger to the Swamp Dwellers.  Illegal for anyone else, of course... but the DC gators are "special creatures" dontcha know.
Title: Re: Carl Icahn unloaded millions in steel-related stock days before Trump tariff
Post by: Suppressed on March 04, 2018, 01:30:23 PM
And.... apparently.... insider trading is a nadaburger to the Swamp Dwellers.  Illegal for anyone else, of course... but the DC gators are "special creatures" dontcha know.

Trump fans LOVE the DC Swamp!