Tuesday, August 9, 2005

Time Warner trading up on Icahn rumor

I have been so busy of late that I have stopped checking my stock quotes. It wasn't until 20 minutes ago when I saw this on the news that I realized that Time Warner has recently crept past $18 a share. Apparently there is a rumor that financier Carl Icahn may be secretly buying shares in the parent company of my former employer. He has already purchased 5 million shares in March and the recent speculation has increased the price of $19 mid-September call options (that means the right to buy shares of Time Warner for $19 before mid-September).

This may be a good time for me to dump any unexercised stock options that I have.

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