Research Excerpts

Icahn & AAPL & Twitter, Oh My!

Posted on: Tuesday, August 13th, 2013

We have recently migrated into the new millenium by launching a Twitter account.

Our tweets from today:

7:20 AM CT:   AAPL taking another run at critical resistance at $470. Major inflection point.http://bit.ly/12VFrDa

9:48 AM CT:    #AAPL now trading through $470 resistance and at its highest level since Feb 12th. http://bit.ly/12VFrDa

10:54 AM CT:   Premium: Influential #AAPL At Major Decision Point http://bit.ly/18shzf7

At the time of our first AAPL-related tweet, AAPL was trading at $471 per share

Carl Icahn’s tweets from today:

12:21 PM CT:   We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.

12:25 PM CT:   Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.

As we write this, AAPL is trading at $488 per share.

Aside from the fact that this is a great way to launch our new Twitter account, this is a textbook example of how price movement often leads the news.