Seeking Alpha

Icahn's "spoke to Tim" tweet may have helped boost Nasdaq

  • How much of the Nasdaq's move off the trading halt can be explained by Carl Icahn's tweet that he'll be having dinner with Apple's (AAPL) Tim Cook in September to discuss a share buyback?
  • Ben Berkowitz: Icahn "moved a market that was not even trading."
  • Apple shares are barely in the green near the close, but they had been underwater before the halt.
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Comments (9)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    throw that crook (Icahn) in jail!!
    22 Aug 2013, 04:02 PM Reply Like
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    Agreed, but if this is actually true, which I doubt, it would be Tim Cook going to jail for distributing inside information. Icahn can say whatever he wants, I think he is just pumping his position to the rubes.
    22 Aug 2013, 08:58 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1885) | Send Message
     
    I wonder what will be cooked for that dinner?
    22 Aug 2013, 04:14 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1885) | Send Message
     
    If you want to really get the black helicopters and conspiracy theories rolling, another possibility is that the guerrilla capitalists/HFT crowd were in the process of taking down Apple. The order manipulation shuts down the NASDAQ and in the ensuing three hour freeze, they have managed to get the attention of the President and his very aggressive administration. It opens back up and suddenly the negative pressure disappears! There could be a whole lot of scrutiny on the alleged order taking and cancelling, stop targeting, and disruptive ways of the HFT crowd, which could lend stability to Apple. Of course, it could all just be a coincidence...
    22 Aug 2013, 04:20 PM Reply Like
  • 6151621
    , contributor
    Comments (1174) | Send Message
     
    NQ Futures never stopped trading and they were down on the initial shutdown (makes sense to me) and then recovered all the while the composite was offline. I don't see any reason to believe they'd take out just nasdaq composite.
    23 Aug 2013, 01:21 AM Reply Like
  • rocback
    , contributor
    Comments (991) | Send Message
     
    Nah, that did not meaningfully affect the price. It went from 499 to 503 along with the rest of thee market after it resumed trading. Its the anticipation of the Sept 10th announcement of new products and possibly a China Mobile deal and a new fingerprint sensor that will cause upward pressure through that date.
    22 Aug 2013, 05:47 PM Reply Like
  • MJ Pragmatist
    , contributor
    Comments (141) | Send Message
     
    Who do you think will pay for dinner?
    22 Aug 2013, 05:58 PM Reply Like
  • Noqs
    , contributor
    Comment (1) | Send Message
     
    None.
    23 Aug 2013, 04:12 AM Reply Like
  • Warren Buffet007
    , contributor
    Comments (955) | Send Message
     
    An old Share market saying says: That if a big Investors invests in a company, jump behind immediately.
    24 Aug 2013, 12:16 PM Reply Like
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