Unintended Consequences: A Winner


	Unintended Consequences: A Winner

Victoria Barret

10-7-2008 1:45 PM

646 views

tags:

lehman, short, auto

Victoria Barret says:

Volkswagen shares up 84% this year. Yes, that's right, according to BBerg -- and thanks to stuck short sellers trading through Lehman.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from October 7, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/63dff99b-1735-44f3-89e9-dffbcacf26c1/51B689FA-FED9-43D9-BB5F-914F31EA5B04/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aPGIxA0kTzl8&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aPGIxA0kTzl8&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aPGIxA0kTzl8&refer=home"><P>Volkswagen is up 84 percent <A href="http://www.bloomberg.com/apps/quote?ticker=VOW3:GY">in 2008</A> and surged as much as 55
percent today. The owner of the Audi brand was one of only four
stocks in Europe's Dow Jones Stoxx 600 Index that rose yesterday
in the gauge's worst loss since October 1987, making the carmaker
this year's <A href="http://www.bloomberg.com/apps/quote?ticker=SXXP:IND">best performer</A> on the continent.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aPGIxA0kTzl8&refer=home"><P>``This is a popular, crowded short play that has caused the
shares to become disconnected with the company's fundamentals,''
said <A href="http://search.bloomberg.com/search?q=Renaud+Berenguier&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Renaud Berenguier</A>, who advises hedge funds on equity trading
at Aurel BGC in Paris. ``You take one of the biggest prime-
brokering lenders, and one of the most shorted stocks in Europe,
and this is the result.''     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aPGIxA0kTzl8&refer=home">About 15 percent of Volkswagen's common shares as of last
month were shorted, or borrowed and sold on expectations they can
be repurchased later at a lower price</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/51B689FA-FED9-43D9-BB5F-914F31EA5B04/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips