market folly

We just recently alerted you to the fact that 'corporate raider' Carl Icahn had bought more Take Two Interactive (TTWO). Well, he has added to his position again. Icahn purchased 300,000 additional shares at a price of $9.18 on February 5th. Then on February 8th, he purchased 800 more shares at $9.21. After all is said and done, Icahn now owns 10,873,033 shares through his various investment vehicles. We've detailed all his past activity, including how Icahn exercised calls on TTWO a few weeks ago and ramped up his initial stake. He is certainly positioning himself to institute change at the company in order to generate returns for shareholders and we'll see how it turns out.

Taken from Google Finance, Take Two Interactive is "a global publisher, developer and distributor of interactive entertainment software, hardware and accessories. The Company operates in two segments: publishing and distribution."