Main AW page bit journalistically slow today ? - it hasn't spotted the huge VAG news
10-27-2008, 10:35 AM
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Main AW page bit journalistically slow today ? - it hasn't spotted the huge VAG news
VW shares were up 180% at one point today as Porsche exercised all of it's options to by another 31% of VW (to add to the 40 odd percent they already have). That made the VW share price skyrocket. There's been a mad scramble for people to off-load their VW shares and cash-in on the surge.
10-27-2008, 11:37 AM
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Link to a news article
<ul><li><a href="http://www.bloomberg.com/apps/news?pid=20601213&sid=ahoqvEM6tD0U&refer=h ome">http://www.bloomberg.com/apps/news?pid=20601213&sid=ahoqvEM6tD0U&refer=h ome</a</li></ul>
10-27-2008, 12:14 PM
#4
AudiWorld Super User
I smell a bubble. VW overpriced. Short the sucker.
Maybe Porsche is jumping the gun...their goal previously stated was to move to 50% and eventually to 75%...accelerating the goal in these times is pretty ballsy.
10-28-2008, 05:39 AM
#5
AudiWorld Super User
Still a bubble but CAUSED by the shorts. Someone is gonna lose the game of musical chairs...
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