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Icahn and Freeport

Let's take a wild guess, be generous and say Carl Icahn paid a little over U$9 on average for his 88 million shares of Freeport McMoRan (FCX) which were filed on August 27th (the spike day):

FCX jJust printed U$3.72. That puts him half a billion (with a B) in the hole. Nice timing.