Chairman of Icahn Enterprises LP IEP Carl Icahn was recently on CNBC to talk about performance of Tim Cook as CEO of Apple Inc. AAPL and how a short squeeze is taking place in stock of Apple.
Tim Cook Supporter
Mutual Funds Playing Catch Up
“I think you have an ad hoc short squeeze that will occur and it is occurring now in Apple, because today you have to just look at what is interesting here: [...] the index funds are in competition with the regular mutual funds,”Icahn said.
He continued, “Indices have Apple in them, and so therefore, I think a lot of these funds have to catch up and will have to play catch up with Apple, because Apple is 5 percent meaningful part of the fund’s performance and when that starts, I think this stock can well go.”
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