This is a few weeks old but a friend just sent me a link to it and search turned up nothing. (AdminMod: if it is a dup please pull it.) I was wondering if things really went down like this...
To: the_devils_advocate_666
Porsche :-).
2 posted on
01/26/2009 1:32:30 PM PST by
GOP Poet
To: the_devils_advocate_666
I’m no financier, but it appears from the description that Porsche quietly and deliberately bought (or essentially bought) VW at a pretty good price by simply buying shares on the open market.
The rest appears to be other investors misreading the situation and making bad (in hindsight, disasterous) decisions based on their assumptions. Instead of investing to build companies, they were trying to capitalize on market movements and ended up getting burned.
4 posted on
01/26/2009 1:49:17 PM PST by
chrisser
(The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
To: the_devils_advocate_666
There's still truth in this famous old Daniel Drew couplet describing the short-seller's dilemma:
He who sells what isn't his'n
Must buy it back or go to prison.
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