The VW short squeeze. Ouch!

[98oiCoifs]

Lots of shorts got crushed yesterday. It was one of the greatest short squeezes of all time.

[AbdulSharp]

Billions of dollars were lost by hedge funds. Hard to believe that VW was, for a brief moment, worth more than XOM yesterday

[aaronws1]

The shorts were right on the valuation of VW, but the market can be irrational at times. Short squeezes can be killers.

[ablktlnu73]

http://www.istockanalyst.com/article/viewarticle+articleid_2749422.html

http://www.theglobeandmail.com/servlet/story/LAC.20081029.IBVOLKSWAGEN29/TPStory/Business

http://uk.reuters.com/article/businessNews/idUKTRE49S4KK20081029

http://www.economist.com/business/displaystory.cfm?story_id=12501847

[aboeuhy]

Yep, I was reading about this on Monday/Tuesday and couldn't believe it either...pretty crazy.