Anyone tempted to short VOW at 1,000?

"Hedge funds were already facing up to October being the worst month for returns in over a decade, but now many face possible extinction over losses sustained in shorting Volkswagen stock.

The Daily Telegraph puts the combined hedge fund losses on the super short on Volkswagen at a staggering $37bn, and quotes Laurie Pinto, a broker at North Square Capital, who said: 'This is without question the biggest loss on a single stock in the history of hedge funds. It's a bloodbath'."
Hedge Fund 'Bloodbath' As Firms Lose $37bn On One Trading Play :: Business News :: Here Is The City News :: The Latest Business & Financial Markets News And Views
 
Tried to get short yesterday at 1000 but missed it.

Even £1 a point could have made you £50,000 by this morning with only a £400 drawdown :)
 
mauzj said:
Would a beauraucrate clamp down on me if I hired a new trader based purely on the criteria of them being gay? Let's try a new turtle experiment and see what happens!
Click to expand...

They would, so instead you have to advertise for traders who like dressing up in leather.
 
trader_dante said:
Tried to get short yesterday at 1000 but missed it.

Even £1 a point could have made you £50,000 by this morning with only a £400 drawdown :)
Click to expand...

This may sound stupid in fact it probably is but since I only spreadbet if you place 1 pound a point and short from 100 wont it have to move 50000 points to make 50000, is that even possible in a day?

also is the vow short for something never heard of it. cheers.
 
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dal_22 said:
This may sound stupid in fact it probably is but since I only spreadbet if you place 1 pound a point and short from 100 wont it have to move 50000 points to make 50000, is that even possible in a day?
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Firstly it went to 1000 not 100 and then it moved down to below 500.

Each move of 1 euro is actually 100 points so that means a 500 euro move is worth 50,000 ticks.

It happened yesterday.

So sell £20 a tick and you have £1m the next day.

Nice return if you can get it.

I tried to sell at 5 at 1000 but wasn't fast enough to hit it.

Almost got it.
 
trader_dante said:
Firstly it went to 1000 not 100 and then it moved down to below 500.

Each move of 1 euro is actually 100 points so that means a 500 euro move is worth 50,000 ticks.

It happened yesterday.

So sell £20 a tick and you have £1m the next day.

Nice return if you can get it.

I tried to sell at 5 at 1000 but wasn't fast enough to hit it.

Almost got it.
Click to expand...

That r/r would have been crazy. By the way which pairing with the euro = the vow, just ive been into trading for a bout 3-6 month and haven't heard of it. Thanks for your response anyway.
 
Anyone go long just before the close yesterday? I was tempted to but I woul dhave to pay 1000 spread!!
 
dal_22 said:
That r/r would have been crazy. By the way which pairing with the euro = the vow, just ive been into trading for a bout 3-6 month and haven't heard of it. Thanks for your response anyway.
Click to expand...

:cheesy:

VOW = Volkswagen.
 
porph said:
:cheesy:

VOW = Volkswagen.
Click to expand...

Lol found that out after a few googles, I kept thinking too myself I've never heard of the vow currency pair.

Anyway placing a position on the VOW, how it has been lately seems like it just would be a pure gamble.
 
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