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.
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.
IT IS ALL MANIPULATION-THIEVERY-WRONG SIDE OF BET-MONEY GOES FROM ONE POCKET TO ANOTHER-CLASSIC SHORT SQUEEZE HATS OFF TO PORSCHE
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?
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.