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Why would Eve worry about being caught? Everything you've outlined is perfectly legal, and in fact was executed brilliantly by Porsche (http://www.reuters.com/a
by infinite8s 10y ago
Why would Eve worry about being caught? Everything you've outlined is perfectly legal, and in fact was executed brilliantly by Porsche (http://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920081028 http://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920...) in 2008.
- kirubakaran 10y agoexecuted brilliantly by Porsche Didn't really work out for them in the end. They executed the short squeeze to acquire VW but they're owned by VW now. http://www.automobilemag.com/news/porsche-and-volkswagen-what-happened/ http://www.automobilemag.com/news/porsche-and-volkswagen-wha...
- colechristensen 10y agoTL;DR Banks stopped lending to Porsche before it could seal the deal because 2008 happened.
- kirubakaran 10y agoAnd Angela Merkel herself dissuaded the sheikh from lending Porsche money!
- jschulenklopper 10y agoThere are two Porsche companies. Porsche AG (the car company) is controlled/owned by Volkswagen AG, but there's also Porsche SE (holding company). The latter controls a 50.7% majority of voting rights of Volkswagen AG, for 31% of share ownership. The families of Porsche-Piech own 50% of Porsche SE, but 100% of the voting rights.
- conistonwater 10y ago> Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal. https://www.sec.gov/investor/pubs/regsho.htm https://www.sec.gov/investor/pubs/regsho.htm
- rtpg 10y agoMy understanding of securities law is that intent is 95%. If you're doing market manipulation "just to make money" (instead of, say, to buy a company? Not really sure) then it's illegal.