Single Tweet Sends Apple Shares Soaring

Icahn wouldn&#x27;t be above sending a tweet like that to raise the price before unloading shares. His goal is to maximize <i>his</i> return, not that of his twitter followers.

Technically, the single tweet did not send the shares soaring. A significant investment from successful active investor Icahn did. The tweet just revealed the investment to public.<p>Take Elon Musk&#x27;s tweet that Tesla was being profitable for the first time as an example. The tweet lead to soaring stock price but the cause was excellent execution by Tesla team, not the tweet itself.

&quot;But tweeting about a private meeting with the chief executive of a publicly traded company not your own doesn’t feel like the use case the agency anticipated.&quot;<p>Shouldn&#x27;t this be the headline? Why isn&#x27;t this considered as illegal insider trading if the contents of the meeting are not disclosed?

Just out of interest, does anyone know how long it took between the time the tweet was published and how long it took for an identifiable&#x2F;linked rise in share price? The article does mention &quot;Less than two hours later&quot; but I&#x27;m interested to know how quickly people react to a tweet like this.<p>Edit: Google Finance seems to suggest less than one minute. I&#x27;m not sure if any data is freely available that would allow me to see this jump in the seconds range.

Another proof of how emotional markets are (or rather people behind the markets).

Sounds like a good time to pull out A Random Walk Down Wall Street again, for the uninitiated: <a href="http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338" rel="nofollow">http:&#x2F;&#x2F;www.amazon.com&#x2F;Random-Walk-Down-Wall-Street&#x2F;dp&#x2F;039333...</a><p>I wonder how well tulip bulbs are doing these days.

I&#x27;ve honestly been surprised by how long the market&#x27;s dislocation has been on this one. It&#x27;s not common for a large cap stock that is highly covered by analysts and watched by investors. But the market&#x27;s fears about Apple are my gain, and has become nearly 75% of my portfolio after tanking for the past ~9 months.<p>Value investors all saw the opportunity in AAPL, but it&#x27;s nice to have a media celebrity investor like Icahn act as the catalyst to reach fair value quicker.