Last week Volkswagen weren't having much of a good time: their shares were down more than 50% and the hedge fund vultures were circling as they started to bet heavily that the VW shares would fall. To make a bit of money off this, they short sold the equivalent of 13% of the VW shares with the intention of buying …
Yup, you've read the title correctly: Buck the trend and buy shares now. Warren Buffet, one of the worlds most successful investors is, and I agree with his thinking:
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
I mentioned about this time last month that then was a good time …
Woohoo!!! Sun's shares have cracked $5 for the first time in a long time. Currently trading at $5.06. Lets hope things keep going up and we'll see $10 in no time.
Ding dong, the Loon has gone. It's with great joy I read today, that Steve Milunovich has decided to leave Merrill Lynch to start his own hedge fund. This man is a bit of an ass and single handedly managed to influence Sun's (and other company) share prices purely by spouting forth his "research". Read more in The Register's piece …