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Volkswagen shares clime 348% on Mon & Tue

Volkswagen shares clime 348% on Mon & Tue

Old Oct 29th 2008, 12:34 pm
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Exclamation 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


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EDIT: How do I edit my typo - mods - pls help?!
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Old Oct 29th 2008, 12:58 pm
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Default 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.
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Old Oct 29th 2008, 1:26 pm
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Default Re: Volkswagen shares clime 348% on Mon & Tue

Originally Posted by IndieG View Post
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.......

EDIT: How do I edit my typo - mods - pls help?!
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....
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Old Oct 29th 2008, 11:46 pm
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Wink 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 (though, understandably hedge funds may be left with a bitter taste).

The hedgies got own3d!
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Old Oct 30th 2008, 1:32 am
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Default Re: Volkswagen shares clime 348% on Mon & Tue

Yeah, I know - three American hedge funds lost a "bit of money": 14 billion pounds over 2 days.....
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Old Oct 30th 2008, 4:07 pm
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Default Re: Volkswagen shares clime 348% on Mon & Tue

Originally Posted by IndieG View Post
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.......

EDIT: How do I edit my typo - mods - pls help?!
Will the price of my VW cars also appreciate???
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Old Oct 31st 2008, 4:01 am
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Smile Re: Volkswagen shares clime 348% on Mon & Tue

Originally Posted by Confucius View Post
Will the price of my VW cars also appreciate???
Only classic ones (early Golf GTi's, bugs and babymakers for instance).
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