Porsche/VW

Doesn't make sense to me: Porsche wants to control Volkswagen by buying the shares. So why should they push up the price?
 
They wanted to push the price up so they can make a killing on the call options they have/had, and now the price will fall down so they can buy VW at 200 or whatever. I bet they've already locked in their gains on the options and now they will essentially buy VW for free as the gains on the options will cover the purchase price of shares.
 
Wasn't it so that there were toughly 13% of VW stocks short, and after the Porsche buy-in only about 5% were available to the market - which made prices skyrocket.... ?
:)
 
Quote from Gringinho:

Wasn't it so that there were toughly 13% of VW stocks short, and after the Porsche buy-in only about 5% were available to the market - which made prices skyrocket.... ?
:)
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Well, essentially, yes, but Porsche has the cash-settled options not the actual shares so there are more shares available.

However, nevermind that, it is absolutely obvious that Porsche caused the short squeeze by announcing that it held directly and indirectly (through options) around 74% of shares. Now that the price skyrocketed and I'm sure Porsche took advantage of this rise to lock in its gains on options, Porsche annonces that they will make more shares available to the market hence driving the price back down and allowing them to buy the actual shares at a relatively low price.

That's my thinking, at least.
 
Porsche is rocketing out of the turn, full throttle, then works the paddles... third, fourth, fifth gear and closes the gap between them and hedgies, picks up bonus points for passing hedgies in the form of a VW... dang I admire the cut of their jib, I might test drive a Porsche myself........
 
Quote from MTE:

Well, essentially, yes, but Porsche has the cash-settled options not the actual shares so there are more shares available.

However, nevermind that, it is absolutely obvious that Porsche caused the short squeeze by announcing that it held directly and indirectly (through options) around 74% of shares. Now that the price skyrocketed and I'm sure Porsche took advantage of this rise to lock in its gains on options, Porsche annonces that they will make more shares available to the market hence driving the price back down and allowing them to buy the actual shares at a relatively low price.

That's my thinking, at least.
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there is nothing wrong with this. anyone who shorted VW should know this will happen. i've profited as well. porsche now own almost all "normal" stocks
 
Quote from belmondo:

there is nothing wrong with this. anyone who shorted VW should know this will happen. i've profited as well. porsche now own almost all "normal" stocks
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I'm not defending shorts in any way, all I'm saying is that Porsche is manipulating the market.
 
Quote from MTE:

I'm not defending shorts in any way, all I'm saying is that Porsche is manipulating the market.
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porsche didn't trade at these days. it is just stupidity and greed of short sellers. VW was the most sortable stocks in germany. we!ve shorted VW as well but we were awere of the risk and get out soon. others has to pay. i don't see any manipulation.
porsche owns all stock. who wants to short, borrows share from porche and then have to give back to porche. the risk has been known
 
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