Re: Carl Icahn bot $24 million in Jan @ $26, now $15 // Boom! 15.35--->20.44. Whats better than...
What's better than CHASING a stock right after it's announced that Carl Icahn has taken a stake in it (as was recently done here by traders)? INVESTING in a stock Carl Icahn has taken a stake in at prices 40% less than where Carl Icahn bought it just 8 months earlier.
But most traders not interested in investing their money in underwater Carl Icahn stocks... they'd rather chase the news and buy the new Icahn investment instead. Additionally, most traders don't have 6 months to wait for a 35% return... they need 35% MONTHLY just to pay the for their mortgage, health insurance, food, and clothing.
Tortoise wins again.
This damn symbol always trips me up. Note to self: WEBM is not WebMD. WBMD is WebMD.