CW8888: World-class example of Super Super Giant Pillow in practice!
:-)
By John Carney
Carl Icahn's Netflix investment may be the most annoying Best Trade Ever.
Last fall, Icahn revealed that he had bought a 10 percent stake in Netflix . His average price per share was around $58 each.
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on Oct. 10, Icahn started selling shares. The biggest sale took place
Tuesday, when he sold for an average price of just over $344, for a
total of $819 million. That means he made a profit of about $645 million
on Tuesday's sale alone.
All told, his profit for the fourteen month investment was between $700 and $800 million .
And he still owns about half of his original stake.
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CW,
ReplyDeleteI read this story too.
And the 33 year old son was arguing against Dad selling half the stake!? Experience won out ;)
It's bit like if we were "investors" in Asiasons, Blumont, and Liongold who bought at the low teens - what will you do if have multi-baggers in less than 12 months?
I love 2 baggers. Take back capital and let the profits run is much easier this way. But then, if I had done so, I would have left quite a lot of change on the table...
Who says taking profits was easy?
LOL!
over time, successful investors will stick to their winning ways whereby taking profits is easy peasy.
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