Tuesday, October 28, 2008

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.

3 Comments:

Blogger kinglear said...

Gosh I had no idea Iceland was worth so much...

11:25 am  
Blogger Ellee Seymour said...

Someone at last is making some money from all this.

5:18 pm  
Blogger Winchester whisperer said...

Hi KL & Ellee - Iceland would have been worth more, had it been a VW shareholder who sold at the top yesterday.

9:20 am  

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