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 Post subject: Serves them right
PostPosted: Wed Oct 29, 2008 12:38 pm 
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Having followed the convoluted affairs of Volkswagen since 2004, we cannot help but indulge ourselves in a small smile, quickly suppressed, at the plight of hedge fund traders who are, according to The Daily Telegraph, taking a "bloodbath".

View full article here

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 Post subject: Re: Serves them right
PostPosted: Wed Oct 29, 2008 1:51 pm 
Telegraph wrote:
Volkswagen shares plunge after Porsche offers to sell shares

Volkswagen shares plunged 44pc after its biggest shareholder, Porsche, said it would sell part of its VW stake to ease a short-squeeze on the stock.
What? VW share price plunges but is up? A WTF headline.

I had to read it up and down and up again and then do it all again after referring back to your piece in case I had misread that. Then do it again carefully.

Alles klar, jetzt.

Hard work though. Do they have any editors at the DT?


Telegraph wrote:
"The German stock exchange has become a joke," said Andy Brough, a fund manager at Schroders.
They don't say what Brough's position is so it's hard to tell whether that's sour grapes or not.


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 Post subject: Re: Serves them right
PostPosted: Wed Oct 29, 2008 3:05 pm 
Here you go John:

http://www.citywire.co.uk/Adviser/fund- ... agerID=362

Looks like he's having a bad year!


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 Post subject: Re: Serves them right
PostPosted: Thu Oct 30, 2008 1:26 pm 

Joined: Tue Oct 03, 2006 2:15 pm
Posts: 22
Just goes to show that short selling doesn't necessarily drive a stock down!!


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 Post subject: Re: Serves them right
PostPosted: Thu Oct 30, 2008 2:09 pm 
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Joined: Sun Jul 03, 2005 11:11 am
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Location: Bradford
monoi wrote:
Just goes to show that short selling doesn't necessarily drive a stock down!!


Bomber Harris used to talk bitterly about "panacea targets". He was wrong, but I know how he felt!

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