Tepper Says Twitter Users Smoking Pot As Stock Rumor Dies

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Mark Melin
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Updated on

Those in the financial services industry active on Twitter might also correlate to higher than average marijuana usage, asserted billionaire hedge fund manager David Tepper, as those openly questioning one of Tepper’s core holdings come into derisive focus. SunEdison shares crash lower after rumors hedge fund manager Tepper denies ownership “People probably smoke a lot of marijuana out in your viewing audience and people on Twitter, because I don’t understand where stuff comes from,” Tepper told CNBC’s Kelly Evans from an interview at Carnegie Mellon University in Pittsburgh. “We haven’t had any big positions in my book for a year….

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.