After three consecutive weeks of seemingly relentless bad news for Apple, moments ago the stock jumped by $2 dollars, rising from $90.5 to over $92.50. There was some confusion as to why the jump and then it was revealed that none other than that "other" billionaire, Warren Buffett, has decided to start building a stake in the world's biggest cell phone company to the tune of 9.8 million shares or about $1.07 billion as of March 31.
And so with Carl Icahn's "no brainer" trade in AAPL being unwound in late April, it appears that in addition to the SNB, the other major counterparty who was buying Carl's shares was none other than folksy uncle Warren.
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