Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Carl Icahn’s Amazing Trade

WSJ and Reuters reported that Icahn sold 2.9 million shares of Motorola Mobility (MMI) at $38.79 per share. Here are the transactions’ details. Here is what WSJ says:

Carl Icahn

Icahn left more than $3.5 million on the table by selling at less than Google’s $40-a-share acquisition price. But we’re guessing Icahn has better things to do with his millions than to park it and twiddle his thumbs while Google winds through deal-related regulatory reviews.

We don’t know what Carl Icahn is doing right now but three months ago Icahn filed a 13G disclosing a $58.3 million share position in El Paso (EP). Icahn probably paid around $18 per share in early August when the stock briefly dipped below $17 and trading volume spiked to 45 million shares. On August 19th ElPaso was closed at $17.34. Ordinary investors could have easily imitated Icahn’s giant El Paso bet at $18 per share. By the end of September Icahn increased his position in El Paso to 66 million shares.

Today El Paso is trading at $24.90 per share. Icahn made close to half a billion dollars in 3 months. Investors who imitated Icahn’s bet returned almost 39%. This is an amazing trade in a market where seasoned hedge fund managers are getting killed left and right. Carl Icahn isn’t in the business of merger arbitrate. He is in the business of mergers. If he sold his MMI shares a few days early I am certain that he has something better to do with the money. We will probably find out soon, so watch out 13G filings.

It is also kind of interesting that everybody talked about John Paulson’s $500 million loss in Sino-Forest for months, yet nobody is talking about Carl Icahn’s $500 million profit. Media definitely loves covering suffering hedge fund managers.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!