Carl Icahn Bends the Knee to Alex Vieira Selling Hertz Ahead of Stock Crash
Those investors who do not bend the knee to Alex Vieira, the greatest investor alive, end up bankrupt in the markets. Ask Carl Icahn who had to cut his Hertz stake before a massive short position forecasting a crash.
Autonomous Trading division sold short Hertz as soon as the company reported stellar earnings seeing gamblers buying after-hours at $22.3 on the frenzy.
Hertz share price collapsed to $16 while Carl Icahn losses soared to new highs, but not so much if he had not trimmed his stake before the real menace.
Alex Vieira upgraded shares of Hertz at single digits when everyone else in Wall Street had sell ratings. Hertz share price rallied 300% since then.