Tuesday, October 7, 2008
can anyone explain this!!
Volkswagen Can Thank Lehman, Hedge Funds for Gains (Update3)
Volkswagen AG, Europe's largest automaker, just became this year's best performing stock on the continent, benefiting from hedge-fund trading strategies and the collapse of Lehman Brothers Holdings Inc. Volkswagen is up 190 percent this year after surging as much as 55 percent today. The company was one of only four in the Dow Jones Stoxx 600 Index that advanced yesterday in the worst decline for the European gauge since October 1987. The owner of the Audi brand today surpassed Toyota Motor Corp. as the world's biggest carmaker by market value.
Posted by mark @ 12:23 PM (416 views)
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Will says:
Insider dealing perhaps?