Volkswagen shares clime 348% on Mon & Tue
 

Hedge funds have lost £13bn in two days of trading in Volkswagen (VW) shares that briefly saw the carmaker become the world's most valuable company.

VW shares rose 348% over Monday and Tuesday after it emerged that only about 5% of its shares were available.


http://news.bbc.co.uk/1/hi/business/7697082.stm


Oooops.......:eek:

EDIT: How do I edit my typo - mods - pls help?!

Re: Volkswagen shares clime 348% on Mon & Tue
 

Am hoping that the share price of several dozen companies will rise by a similar amount over the next few months. After all, many of them have fallen dramatically. If a 100p share falls by 50% to 50p and subsequently returns to its pre-fall level of 100p it will then have risen by 100%. As a consequence, if you buy on the dips, there is good money to be made in the stock market.

Re: Volkswagen shares clime 348% on Mon & Tue
 

I can't edit the title... sorry - you'll just have to suffer the humiliation... we'll all point and say - look there's Indie The Clime....;)

Re: Volkswagen shares clime 348% on Mon & Tue
 

It's an artificial situation not due to value in VW.

Porsche bought 75% of Porsche using derivatives which they never had to disclose under German law. 20% owned by the state and 5% remaining wasn't enough for shorters (mostly hedge funds) to close their position and finish their contracts which drove prices up to silly levels. Porsche will now sell back some shares (at massivly inflated prices) so trades can complete.

To be fair great move by the bearded engineers with pens in their top pockets shirt pockets that work at Porsche, they've made a fortune at the expense of hedge funds :lol: (though, understandably hedge funds may be left with a bitter taste).

The hedgies got own3d! :rofl::rofl::rofl:

Re: Volkswagen shares clime 348% on Mon & Tue
 

Yeah, I know :p- three American hedge funds lost a "bit of money": 14 billion pounds over 2 days.....

Re: Volkswagen shares clime 348% on Mon & Tue
 

Will the price of my VW cars also appreciate???

Re: Volkswagen shares clime 348% on Mon & Tue
 

Only classic ones (early Golf GTi's, bugs and babymakers for instance). :thumbup: