VW Shares

[loskie]

With the scandal will it now be worthwhile taking a gamble and buying VW shares?
They have dropped significantly over he last few days.

BP shares were a good buy during the Gulf of Mexico spill slump.

[lostkiwi]

Let me just consult the crystal ball.....
Must be on the blink - all I can see is clouds of swirling smoke....

[Roger645]

Was thinking the same thing!

[pti]

I personally wouldn't/won't be buying just yet.

[TwistingMyMelon]

I'd imagine there is worse to come....

[Lazadude]

Can't wait to see Xetra being propped up by every joe bloggs in the public thinking, "Ooh I know stock markets,free money, buy buy buy" and then watching it tank when they all sell.

VOW3 seems to be recovering but I think it'll struggle for a while until it breaks the 120ish level.

Think price will be be stable (110-117 range) until true amount of fine/sanction is announced.

[loskie]

this was fine in General gassing thanks.

[hornet]

Depends how much you're willing to spend and what you'd consider a good return really. If you're disciplined, it might be worth a play, but you're going to be looking at a reasonable amount just to make any potential return worth the cost and the risk. Not sure I'd have the nerve, given the potential for the investigation to expand into other markets and the possibility of huge fines and likely years of court cases.

[Viper]

I think they will drop quite a bit yet

http://www.bbc.co.uk/news/business-34365794

[Sir Humphrey]

I would be more interested in shorting their competitors, they can't be the only ones at it.

[Frimley111R]

Viper said:

I think they will drop quite a bit yet

http://www.bbc.co.uk/news/business-34365794

Agree, if more countries find and fine them for doing this....

[Simpo Two]

If you mess up on VW you can try again with Audi...

[bad company]

Simpo Two said:

If you mess up on VW you can try again with Audi...

Or Skoda.

Seriously op unless you have a lot of other investments & this would just be a small punt, just don't.