Long story short, Porsche decides to mess with people's minds and starts buying VW stock. They buy so much that people think they are going to buy the VW so the stock rises so high it would be impossible to buy it.
People Short sell VW stock and Porsche buys all the sold stock anyway. Then they reveal their hand and show that they now own 75% of all stock for VW. Meaning the guys who shorted VW are hosed and now have to buy back their stock from Porsche who can charge what ever price they want.
So a share that went for 200 Euro jumped to 1000 Euro last October. Everyone got squeezed by it, Porsche literally made billions and one guy lost so much he killed himself over it.
|[ View Last Comment ]