Have you been following this stock? It became the world's #1 stock by market capitalization for a day or two, exceeding XOM with its $ 15 bn quarter. Not that any fundamentals justify such a stock price.
Don Vito Corleone of The Godfather movie might be worthy of the market manipulation here. But the stock remains in the DAX blue chip index even though only a bit more than 5% of the common shares are in free float in the true sense of the definition. Lower Saxony controls 20.3% and Porsche Se nearly 50%.
Something like this would trigger the FBI, the SEC and some other agencies raiding offices. But in Germany, they are allowing this kind of blatant market manipulation. so you all better be aware of this. Without VW's excesses, the DAX would have fallen to 3,400.
2009 will be a horrible year for the car makers, VW included.
Don Vito Corleone of The Godfather movie might be worthy of the market manipulation here. But the stock remains in the DAX blue chip index even though only a bit more than 5% of the common shares are in free float in the true sense of the definition. Lower Saxony controls 20.3% and Porsche Se nearly 50%.
Something like this would trigger the FBI, the SEC and some other agencies raiding offices. But in Germany, they are allowing this kind of blatant market manipulation. so you all better be aware of this. Without VW's excesses, the DAX would have fallen to 3,400.
2009 will be a horrible year for the car makers, VW included.
