[beretzantenka]

[–]danlongqua 199 points an hour ago*
https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/

Porsche’s press release noted. “At the end of last week Porsche SE held 42.6 percent of the Volkswagen ordinary shares and in addition 31.5 percent in so called cash settled options relating to Volkswagen ordinary shares to hedge against price risks, representing a total of 74.1 percent.”

Interesting.

Edit: Reuters source: https://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920081029

Porsche itself prompted the meteoric rise in VW stock with its announcement on Sunday that it had effective control of 74.1 percentof VW, leaving less than 6 percent tradeable in the market.

Double Edit: Holy shit:

Hedge fund manager David Einhorn’s Greenlight Capital suffered heavy losses from a VW trade as a result, people familiar with his portfolio said on Tuesday.

Ein-horn you say? EIN IS ON THE TOP OF THE SHELF?! https://cowboybebop.fandom.com/wiki/Ein?file=2+Ein2.png

Nosz kurła, chyba dziś dokupię jeszcze z 20

#gme