Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 8th of March.
MR. ICAHN, THANKS FOR YOUR VALIDATION
It seems that every time our Trade Triangles signal a move in the market, Mr. Icahn follows suit a little bit later. Coincidence? Perhaps. If you look at some of Mr. Icahn's recent announcements, you may get to see a pattern. A couple of days ago we talked about TransOcean, the next day Mr. Icahn fires off a letter to TransOcean about its poor capital allocation and capital structure. We signaled back in December that we received a bullish Trade Triangle signal in Netflix, next month in January we see Mr. Icahn taking a position. The same thing also happened in Yahoo, which begs the question... is Mr. Icahn using our Trade Triangle technology or something similar? Continue reading "Today's Video Newsletter: Is Carl Icahn using our Trade Triangle technology?"