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Anyone remember Volkswagen shares at 1000€ in October 2008? This was a textbook example of a shortsqueeze. One German billionaire saw that the share value was a
by jansan 7y ago
Anyone remember Volkswagen shares at 1000€ in October 2008? This was a textbook example of a shortsqueeze. One German billionaire saw that the share value was at a ridiculous high level, so he shorted it. He was correct, but too early, so he lost all his money and committed suicide.
https://ftalphaville.ft.com/2018/10/31/1540962002000/The-day-Volkswagen-briefly-conquered-the-world/ https://ftalphaville.ft.com/2018/10/31/1540962002000/The-day...
- chasd00 7y ago"markets can remain irrational longer than you can remain solvent"
- jansan 7y agoThat's what I told a friend last summer when he talked about Tesla being the perfect short opportunity. Tesla stock is an extremely hot iron. You can tell by the huge daily swings that it is being played in some way, and as an amateur you are usually the one paying the pros in these scenarios.