{"id":22685,"date":"2013-10-08T13:33:28","date_gmt":"2013-10-08T17:33:28","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=22685"},"modified":"2013-10-08T13:33:28","modified_gmt":"2013-10-08T17:33:28","slug":"carl-icahn-buys-6-stake-in-talisman-energy-nysetlm-should-you-buy","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/10\/carl-icahn-buys-6-stake-in-talisman-energy-nysetlm-should-you-buy\/","title":{"rendered":"Carl Icahn Buys 6% Stake In Talisman Energy (NYSE:TLM) - Should You Buy?"},"content":{"rendered":"<p>This morning as I was looking over the news, I read with interest that Carl Icahn had taken a 6% stake in Talisman Energy Inc (<a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NYSE_TLM\" target=\"_blank\">NYSE:TLM<\/a>). Talisman Energy is a large Canadian energy company.<\/p>\n<p>On October 1st, the Trade Triangles flashed a major buy signal for Talisman Energy at $11.95. I suspect that this was partly due to the price action that was reflected by Mr. Ichan's purchase of Talisman shares.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NYSE_TLM\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"\" src=\"\/img\/sites\/ino\/email\/5313.jpg\" width=\"821\" height=\"504\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><strong>1.All Time High. (2) 12 Month Base. (3) +(4) Double Bottom. (5) Trade Triangle Buy at $11.95. <\/strong><\/p>\n<p style=\"text-align: center;\"><strong>(6) Major Pivot Point. (7) 50% Fib Retracement $17.41. (8) 61.8% <strong>Fib Retracement $19.21.<\/strong><\/strong><\/p>\n<p>What is also interesting is how Mr. Icahn picks stocks like Talisman Energy. I have witnessed the same actions in play in several other stocks that Mr. Icahn has purchased in the past 12 months. Stocks like Apple, Netflix, Herbalife, and most recently, Talisman, all display similar characteristics. I suspect that the technicals play a part in his overall approach to the market. The timing of Mr. Icahn's stock purchases are amazingly close to the timing of our Trade Triangle buy signals.<\/p>\n<p>Today, we are looking at a chart of Talisman Energy and the stock action looks good from a technical viewpoint, as well as from our Trade Triangles. The potential for this market to go significantly higher is there, in my opinion. Of course, I will be using our Trade Triangles for money management to exit this position, should it not work out the way I expect it to.<\/p>\n<p>As always, please share your thoughts with us on this or any other market.<\/p>\n<p><a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>This morning as I was looking over the news, I read with interest that Carl Icahn had taken a 6% stake in Talisman Energy Inc (NYSE:TLM). Talisman Energy is a large Canadian energy company. On October 1st, the Trade Triangles flashed a major buy signal for Talisman Energy at $11.95. I suspect that this was [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[188,5538,5722,4825,1870,1130,5438,2975,5451,3352,5723,5724,2976,566],"class_list":["post-22685","post","type-post","status-publish","format-standard","hentry","category-trading-tips","tag-adam-hewison","tag-apple-nasdaqaapl","tag-canadian-energy-company","tag-carl-ichan","tag-double-bottom","tag-fibonacci-retracement","tag-herbalife-nysehlf","tag-marketclub-techniques","tag-netflix-nasdaqnflx","tag-pivot-point","tag-talisman-energy-inc","tag-talisman-energy-inc-nysetlm","tag-tips-talk","tag-trade-triangles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carl Icahn Buys 6% Stake In Talisman Energy (NYSE:TLM) - Should You Buy? - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2013\/10\/carl-icahn-buys-6-stake-in-talisman-energy-nysetlm-should-you-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carl Icahn Buys 6% Stake In Talisman Energy (NYSE:TLM) - Should You Buy? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"This morning as I was looking over the news, I read with interest that Carl Icahn had taken a 6% stake in Talisman Energy Inc (NYSE:TLM). Talisman Energy is a large Canadian energy company. On October 1st, the Trade Triangles flashed a major buy signal for Talisman Energy at $11.95. 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