Icahn increases his Yahoo shares
November 30th, 2008 by 
Administrator
I guess in stock markets ( as well as gambling circles), this is known as the double down.
Icahn had ended up with a lot of expensive Yahoo shares, so he is hoping to buy more, and thus averaged his holdings in the hope that it is easier now to earn back what he has lost.
sometimes double down allows you to recoup, sometimes, it ends up with you losing more.
But i guess many people are starting to bet that maybe the stock market has seen its worst….
Carl Icahn raises his stake in Yahoo (AP) by AP: Yahoo! Tech
In a move likely to fuel speculation over Yahoo Inc.’s search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.
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