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It's good to be
king
Convenient trade timing by Icahn. He has long been a close
advisor of Trump, recently in an official capacity which he ended
because of how it appeared. On Feb 22nd he dumped nearly 1M shares
of a steel manufacturer at $32-$34. This was his first trade in
over three years, and came a mere four days before the Trump admin
announced huge 25% tariffs, and now the stock is at $26. Did he
just get very lucky with his first trade in that company in over 3
years? Hmmm..... it sure smells fishy. That sale dropped him below
the 5% ownership level where he's required to report sales, so he
may well have continued selling ahead of that tariff announcement
(and probably did).
thinkprogress.org/tr...beaf0/
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