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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: dvdw© who wrote (3949)10/31/2008 10:48:10 AM
From: rrufff  Read Replies (1) of 5034
 
Great explanation and fascinating must read re VW - thanks for posting it.

Looks like some of the "never lose, always right" crowd of hedgies, so often defended by the self-styled "cyber sleupps" were some of the big losers. Expect a lot of "wah, wah, they hurt the shorts unfairly...."

The casualty list of hedge funds hit by the Porsche squeeze on VW grew yesterday as it emerged that Steven Cohen's SAC Capital and Perry Capital, a key financier in Malcolm Glazer's takeover of Manchester United, were among the losers. Greenlight Capital, run by David Eindhorn, Marshall Wace, York Capital and Glenview Capital are also among about a hundred hedge funds thought to have made losses.
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