Carl Icahn Has Super Stock Tips:: Very Lucky; Great Timing; Expert Wheeler and Dealer

Trump's Special Economic Adviser on Financial Regulations (8 Months)

(Was he smooth power player, or slick stock trader insider)

Wow billionaire Carl Icahn is truly a trading “icon” right – he knows exactly when to sell his stocks and make a super large profit – So, it is a true story or “Fake News?”  

It is true – 100% - check here - FYI.

So, who in la-la land still says the Trump “tax cut bill and tariff increase plan” are not good policy and a super deal for the top crust??? Show of hands, please.

When Trump announced that he would impose hefty new tariffs on foreign steel and aluminum imports, the stock market even many of his own economic team appeared thrown off balance. But not for his former one-time White House advisor, billionaire investor Carl Icahn.

It seems in the weeks leading up to that Trump tariff announcement, Icahn sold off over $30 million of stock in Manitowoc Company — a crane manufacturer that relies on imported steel — that according to SEC reported on by Think Progress.

That sale was the first time Icahn traded his Manitowoc stock in more than three years, according to the SEC records - and that drew the suspicion of many — including the Project On Government Oversight (POGO).

POGO then sent the SEC a letter asking the agency to investigate if Icahn was inappropriately tipped off to the Trump plan, and if he used that information for his own profit.

Icahn of course denies that part of the story seen in this Politico story.

A very good read for sure. So, insider obtained info that made him millions, or just dumb luck? Truly a SWAG puzzle, right just like the title of this blog. 

Will we ever know? Doubtful — but stay tuned just in case.

Thanks for stopping by.