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Posted

Apple (AAPL) shares typically rally on earnings surprises and product announcements, but Tuesday we witnessed the power of a single tweet, one capable of moving the $445 billion stock up by as much as $17 billion.

Billionaire investor Carl Icahn, in a tweet posted at 2:21 p.m. ET, said he had bought Apple shares, an announcement that pushed the stock up from $475.76 to a high of $494.66 about an hour later. In total, that was a $17 billion move. "We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come," he wrote.

Icahn followed up with a second tweet a few minutes later explaining he

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Posted

Clever.   Buy a lot of Apple stock,  sent out a tweet, and an hour later you already earned about 5%...   

 

bet he told everyone he cares about, to buy apple before the public tweet.

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Posted

I'm sure someone can find something that say it's not 100% legal........

This is kinda a way to boost your stock price....

 

Donno, not a big expert in those kind of things but it smells fishy....

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Posted

Maybe he's in the loop of what's really going to happen.

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Posted

Haha this is a brilliant way to make a bit of money. I'm very suspicious of rich people and the stock market but...buy enough of a stock, and the price will go up. Sell enough of a stock, and down it goes =P

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Posted

Clever.   Buy a lot of Apple stock,  sent out a tweet, and an hour later you already earned about 5%...   

 

bet he told everyone he cares about, to buy apple before the public tweet.

Very. I'm not a fan of his, though. 

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Posted

I'm sure someone can find something that say it's not 100% legal........

This is kinda a way to boost your stock price....

 

Donno, not a big expert in those kind of things but it smells fishy....

 

It's been going on through Twitter for a while now, although probably not quite at this scale in one tweet before. Remember how you used to get those e-mails that were spam that read something like, "I hear stock XX is going up soon, and it's so low!" Yeah, they've been replaced by a few billion Twitter spambots that do the same thing.

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Posted

tim cook has alot to learn. he should be very careful. this is the same guy who tried to **** with dell,and since the board at dell didnt kiss his ass and obey his orders,hes suing the company and trying to prevent the vote of going private to happen from when its going to happen. the last thing apple needs is distraction from this guy.

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Posted

Clever.   Buy a lot of Apple stock,  sent out a tweet, and an hour later you already earned about 5%...   

 

bet he told everyone he cares about, to buy apple before the public tweet.

 

yea, double the volume today too!   i wish there was a way to see who bought it before that post....

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Posted

tim cook has alot to learn. he should be very careful. this is the same guy who tried to **** with dell,and since the board at dell didnt kiss his ass and obey his orders,hes suing the company and trying to prevent the vote of going private to happen from when its going to happen. the last thing apple needs is distraction from this guy.

 

Fully agreed - I'm not a massive fan of Icahn and while I'm not exactly Apple's biggest fan, I personally wouldn't want this guy near them. It'll only cause trouble.

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Posted

Odd, I find Apple to be extremely overvalued... glad I don't fall for people like him that manipulate markets to their advantage... this guy didn't get rich playing nice

 

btw everything Icahn n touches... usually goes sour

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Posted

 Yeah, they've been replaced by a few billion Twitter spambots that do the same thing.

yeah, just like their predecessor (the email spambots), those twitter spambots are still lacking something important: Credibility to moves peoples into action.

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