Smart money knows when the pump is overdone.
The race for the exit is on.
Because he was selling in large blocks.
They propped the stock high to make $340 look like a bargain. A large block at $380 would never sales. Remember this is wholesale price. Some dummy stepped in at $340 thinking the selling was overdone.
Remember, Icahn said that he only sells on the way down since that when you know the top has been reached and is in your rear view mirror.
Massive dumping till the $200, which is still a splendid return for a few months playing short squeeze.
Icahn: Reed, I am taking half off the table. But so that it does not look like insider trading, issue out a sugar coated warning during the conference.
Reed: Ok, Icahn. I got your back.
Hopefully, you did not run out of cash to start building sweet short portfolio.
With some many stocks to short, I am just shorting SPY.
Got to love you vermin. Lose money, blame Obama. Make money, Obama had nothing to do with it.
The guy just can't win. LOL!
The market has inside information into the government. There is a deal and wall street knows the terms.