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Thursday, October 9, 2014

$aapl holders should now thank Icahn

Before Icahn's tease tweet yesterday, aapl was on the verge of retracing to the 98sma on the daily or as low as the 38sma on the weekly.

But the tease firmed up the stock, and today the open letter re-calibrated the street's expectations. The stock now appears to be firm, and the trend up maintained. 

I for one am annoyed, as I wanted to re-enter aapl as it was retracing. But am happy for current holders. Oh legal manipulation of stocks appears to be grand. Wonder the psychological effect on a person that can control the stock of the largest most powerful technology company in the world. (How ever briefly that control lasts.)

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