Volkswagen Shorts Squeezed - absolute disaster

Nothing worse than a crowded trade gone awry.


Hedge funds gamblers in investors clothing are being shorn of all pretense.

They are farked.


Hey, is that the Stevie who runs a reverse desk alongside his pump n' dumps?

Maybe he can put Volkswagon into reverse gear......


BOSTON, Oct 28 (Reuters) - Hedge fund manager David Einhorn's Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen AG's (VOWG.DE: Quote, Profile, Research, Stock Buzz) shares spiked 82 percent on Tuesday, people familiar with his portfolio said.
 
That's one strange-looking chart, indeed:
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Quote from stock777:

Nothing worse than a crowded trade gone awry.
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Really. I though Einhorn was so smart. Becky, Joe, Carl......... they told me.

That's the best they can do????
 
If the only reason the shorted VW was due to its P/E then they are total idiots.

Did they not look at the float?

Why would anyone go into a crowded short like that.



Hedge Fund managers are pure gamblers plain and simple.
 
Damn....lol...who would of thought that an announcement to increase equity holding of a car maker would come at at time like this with car sales down so low.....too funny.

I can just here those hedge funds moaning and crying like a some slaughtered lambs...... anyone for care a gyro? :D :D
 
Quote from joemiami:

Damn....lol...who would of thought that an announcement to increase equity holding of a car maker would come at at time like this with car sales down so low.....too funny.
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Scratches Head???

So if you are wealthy and SMART, do you buy assets when they are at wholesale pricing levels or at high retail?

:)
 
Anyone want to venture a guess on what Greenlight Capital pays in taxes each year? How about what LEH paid in taxes a year. This tax revenue is gone.

As soon as we put these sleezy mofo's out of business and retract the WS bonus, "tax the rich" will take on a new meaning, there will be fewer rich people to be sleezy and pay taxes.
 
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