Paul has a funny question, so let's look at the epic short squeezes and artificial market cap created. You're in for a few surprises. 1st, we're all talking about GameStop.
Chart is for Frankfurt trading. Mkt Cap 15bn€, so +14.7bn€ since the meteoric rise.
BUT there's better!
Chart is for Frankfurt trading. Mkt Cap 15bn€, so +14.7bn€ since the meteoric rise.
BUT there's better!
https://twitter.com/M_PaulMcNamara/status/1354361213199802368
Some of you probably remember the epic Volskwagen short squeeze created by Porsche. Full story there
ft.com/content/0a58b6…
Nice chart, hey ! Price at 714€, that's 269bn€ created ! WOW.
But there is BETTER
ft.com/content/0a58b6…
Nice chart, hey ! Price at 714€, that's 269bn€ created ! WOW.
But there is BETTER
And now we turn to my favorite babies, EU banks. Meet Bankia: it was put into "resolution" and hybrids converted 2 equity b4 the IPO. For some reason there was a massive short squeeze before hybrids could sell.
From 140 to 1.3 that's 428bn€ of paper money!
But there's BETTER
From 140 to 1.3 that's 428bn€ of paper money!
But there's BETTER
AIB ! Also in resolution, government had 99%+ but a tiny float still out there - poor shorts. And boy, that was a short squeeze. the bank was literally worth 0 and went all the way up to.... 58bn ! Ok, that's less than Bankia, but crazier because the real value was 100% clear
By the way, none of those calculations mean anything, they're just fun
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