is basically the practice of selling borrowed shares, with the intention of purchasing them back later at a lower price. It amounts to a placing a bet on the share value dropping, is a favoured move of hedge funds
, and has been recently blamed
for much of the current economic mayhem.
However, when last Sunday Porsche
tersely announced that, in addition to its 44% of Volkswagen
's shares, it had secured 31% through cash-settled call options
, the invisible hand of the market gave those short-sellers an atomic wedgie
Since the German state of Lower Saxony
holds just over 20% of VW, Porsche's disclosure meant that, in fact, there were only 5% of VW's shares left on the market, whereas traders were shorting for about 13% of those shares. This set off the "Mother of All Short Squeezes
". [more inside]
posted by Skeptic
on Oct 29, 2008 -
Best. Transformers. Video. Ever.
CGI render of a new VW Beetle transforming into a transformer with live background [1.5 meg mpg video]. Makes me wonder if a live-action Transformers TV show would work, with real actors and CGI rendered robots. I'd certainly watch it.
posted by PWA_BadBoy
on Jun 9, 2002 -
vs. Virtual Works
case is a lot like the eToys vs. ETOY battle. The vw.net site is owned by a small ISP that has been using it for the last few years, but VW is saying that their brand is diluted and their trademarks infringed when another company uses the initials "vw". Like the eToys case, it looks like Volkswagon has convinced a court
of this and will be taking the domain soon. If you remember the different top level domains, .org is for non-profits and organizations, .com is for commercial ventures and corporations, and .net is for network companies and network providers. One would think an ISP qualifies for a .net, and that VW should be perfectly happy with their .com domain, or am I missing something here?
posted by mathowie
on Feb 29, 2000 -