Time To Sell Apple Inc.? Watching Hedge Fund Managers For A Clue
Carl Icahn is very pleased with Apple Inc. (NASDAQ:AAPL)’s performance since he disclosed his $1+ billion position in August 2013 when the stock was trading at dividend and split-adjusted $65 per share. Apple shares jumped nearly 5% following his tweet. Eight months earlier Jim Roumell thought Apple Inc. (NASDAQ:AAPL) was cheap and he bought some […]
Carl Icahn
is very pleased with Apple Inc. (NASDAQ:AAPL)'s performance since he disclosed his $1+ billion position in August 2013 when the stock was trading at dividend and split-adjusted $65 per share. Apple shares jumped nearly 5% following his tweet.
Eight months earlier Jim Roumell thought Apple Inc. (NASDAQ:AAPL) was cheap and he bought some shares at $525 (or today's dividend and split-adjusted $72 per share). He increased Apple's weight in his 13F portfolio to 6% (fifth largest position) by the end of March as Apple shares dipped below $450. He boosted his stake by another 40% during the second quarter of 2013 as Apple shares touched $390 per share. Apple's weight in his 13F portfolio approached 10% at the time.
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