ICAHN SELLS YAHOO!
In late breaking news, host Melissa Lee says billionaire investor and Fast Money friend Carl Icahn sold more of his Yahoo shares, according to the latest 13F filing.
Icahn cut his Yahoo stake to 12 million shares during the quarter, down from 62.9 million shares on Sept. 30.
What's the trade?
If Yahoo! hold $14 I’d be a buyer for a pop, says Brian Kelly.
GARY KAMINKSY'S MARKET PULSE
In such an unpredictable environment, when can you safely assume the selling has stopped?
Veteran trader Gary Kaminsky has seen this kind of market before and over the year’s he’s come to realize that 3 events often signal a turnaround. They are:
1. Adjustment To Rate Tightening
That’s something we need to see around the world, not just in the US and China, Kaminsky explains.
2. M&A Picks Up
We need to see that corporate CEOs have confidence in their businesses, says Kaminksy. Right now we’re hearing they don’t.
3. IPO/Secondary Market Picks Up
If we can’t price deals, which we couldn’t this week, that tells me the supply demand imbalance continues.