Lots of shorts got crushed yesterday. It was one of the greatest short squeezes of all time.
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Lots of shorts got crushed yesterday. It was one of the greatest short squeezes of all time.
The shorts were right on the valuation of VW, but the market can be irrational at times. Short squeezes can be killers.
Billions of dollars were lost by hedge funds. Hard to believe that VW was, for a brief moment, worth more than XOM yesterday
Yep, I was reading about this on Monday/Tuesday and couldn't believe it either...pretty crazy.