Dow closes up 10.9%

[Olf]

Bloody hell. That and VW up 400% on Friday at points today?

Bonkers out there.

Edited by Olf on Tuesday 28th October 21:18

[Chilli]

Was watching most of the day...just don't get it!

[Olf]

It's truly incredible. These fluctuations are the sort of numbers you might see once every 20/30 years. We're seeing them one a week at the moment.

[Chilli]

Volatility is unreal. I've has spread bets with automatic stops, hit the stops before I've had the email confirmation that the trade is active!
What was it...890 points? crazy. Still, I'm about to short it.....!!

[King Herald]

Olf said:

Bloody hell. That and VW up 400% on Friday at points today?

Bonkers out there.

Edited by Olf on Tuesday 28th October 21:18

As long as the exchange rate doesn't go back to $2:£1 before pay day I don't really care.

[Simpo Two]

Interesting how the BBC has stopped giving the actual figures (ie '3923') and just says 'up/down 5%'

I expect some clever people are making millions every time it swings.

[SS HSV]

Simpo Two said:

Interesting how the BBC has stopped giving the actual figures (ie '3923') and just says 'up/down 5%'

I expect some clever people are making millions every time it swings.

You can bet that its the same people that put us here in the first place

[spydersingh]

Olf said:

Bloody hell. That and VW up 400% on Friday at points today?

Bonkers out there.

Edited by Olf on Tuesday 28th October 21:18

Is that VW as in the cars? Which Exchange are they on?

[smack]

Shadytree, has noted VW back last month

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

And been raised on one of the other finance related threads - Porsche buyout is the quick answer for the stock price movements, though it isn't that simple.

[g4ry13]

It's just got to be people gambling on fed decision on thursday. Either way as soon as the decision is made go short. If it's a hold it'll give it all back very quickly, and if they cut 25bps it'll rally a little but then fall as a cut will be priced in already. 50bps will be interesting - but highly unlikely as I think a hold is highly probable and these traders gambling on cuts are a bit idiotic and just finding something to move the markets.

Edited by g4ry13 on Wednesday 29th October 01:13

[speedy_thrills]

spydersingh said:

Is that VW as in the cars? Which Exchange are they on?

Common shares are listed on the Dax and through depositary receipts elsewhere.

[speedy_thrills]

Olf said:

Bonkers out there.

I can't see the logic for Porsche aquiring the last of VW at that price or even near it. Last time I looked I thought it was worth 1/12th what it was trading at IMO.

Full story: http://www.ft.com/cms/s/0/2b6379bc-a48f-11dd-8104-...

[Somewhatfoolish]

g4ry13 said:

It's just got to be people gambling on fed decision on thursday. Either way as soon as the decision is made go short. If it's a hold it'll give it all back very quickly, and if they cut 25bps it'll rally a little but then fall as a cut will be priced in already. 50bps will be interesting - but highly unlikely as I think a hold is highly probable and these traders gambling on cuts are a bit idiotic and just finding something to move the markets.

Edited by g4ry13 on Wednesday 29th October 01:13

what a load of st, if they hold rates dow's going down 15%!

[robm3]

speedy_thrills said:

Olf said:

Bonkers out there.

I can't see the logic for Porsche aquiring the last of VW at that price or even near it. Last time I looked I thought it was worth 1/12th what it was trading at IMO.

Full story: http://www.ft.com/cms/s/0/2b6379bc-a48f-11dd-8104-...

Never try to understand Family Tiffs....

Anyhow they're going for 75% aren't they? With Unions urging everyone else to buy and block.

Was looking at the Porsche holiday house at Zell am See a few months back, it's quite nice.

[cardigankid]

Do owners get to stay there?

[NoelWatson]

g4ry13 said:

It's just got to be people gambling on fed decision on thursday. Either way as soon as the decision is made go short. If it's a hold it'll give it all back very quickly, and if they cut 25bps it'll rally a little but then fall as a cut will be priced in already. 50bps will be interesting - but highly unlikely as I think a hold is highly probable and these traders gambling on cuts are a bit idiotic and just finding something to move the markets.

Edited by g4ry13 on Wednesday 29th October 01:13

FT were saying it was also related to Japan potentially cutting rates

[J-Skid]

NoelWatson said:

g4ry13 said:

It's just got to be people gambling on fed decision on thursday. Either way as soon as the decision is made go short. If it's a hold it'll give it all back very quickly, and if they cut 25bps it'll rally a little but then fall as a cut will be priced in already. 50bps will be interesting - but highly unlikely as I think a hold is highly probable and these traders gambling on cuts are a bit idiotic and just finding something to move the markets.

Edited by g4ry13 on Wednesday 29th October 01:13

FT were saying it was also related to Japan potentially cutting rates

So how much do we reckon the rate will cut by here? Another 50bps?

[Olf]

speedy_thrills said:

Olf said:

Bonkers out there.

I can't see the logic for Porsche aquiring the last of VW at that price or even near it. Last time I looked I thought it was worth 1/12th what it was trading at IMO.

Full story: http://www.ft.com/cms/s/0/2b6379bc-a48f-11dd-8104-...

The price is all about a few hedge funds desperately trying to cover short positions. Porsche are presumably getting their own back on short selling by only releasing shares at crazy prices. Something like 5% of VW shares are in freemarket. The rest are held by Saxony and Porker.

It's bonkers because some of the short positions held are enormous.

[Simpo Two]

Seems to me that the 'hedge funds' are running amok and taking the piss with the rest of the world's pensions and investments. Maybe if they were closed down and the people in them did something less dangerous we might all be better off...?

[Fittster]

Simpo Two said:

Seems to me that the 'hedge funds' are running amok and taking the piss with the rest of the world's pensions and investments. Maybe if they were closed down and the people in them did something less dangerous we might all be better off...?

These would be the dangerous hedge funds as opposed to the conservative banks. Remind me as a taxpayer who I've had to bail out?