Icahn may or may not be adding to his position today. Don't forget he likes down days almost as much as he likes Big Down days! These are the days where he'll have a traders hawking the price action. If he sees large sellers starting to dry up then he'll likely have his traders scoop up some more shares. As far as announcements from his firm regarding his stake or looking to "shake-up" NUAN mgmt they could come any time now!
He is testing our patience...
I think a bunch that bought at 19 already sold for quick 1 dollar gain last week, another bunch with no patience selling,causing the slow drift down today.
Those that have patience will be able to sell much much higher levels.. JMO
I agree that those who hold will most likely be rewarded. The fact that Ichan has said nothing is a good sign to me. I believe he is developing a strategy, and that would be complex and take some time. We all know that a some point Ichan will speak up. That's when I expect the longs will be rewarded, and the shorts will be sent screaming for the hills! IMHO.