Crazy hedging
Today Volkswagen has become the world's largest company by stockmarket value after Porsche announced that it's raising its stake in it to 75% and short sellers are rushing to cover their positions, nearly doubling the share price in their mad dash and taking the market cap up to $367bn!
What's the capital of Iceland? £4.50.
posted by Whispering Walls at 9:09 am
3 Comments:
Gosh I had no idea Iceland was worth so much...
Someone at last is making some money from all this.
Hi KL & Ellee - Iceland would have been worth more, had it been a VW shareholder who sold at the top yesterday.
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