Volkswagen briefly world’s biggest company

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FRANKFURT - Volkswagen briefly became the world’s biggest company by market value Tuesday, as short sellers continued to pile into the stock on weekend news Porsche had bought up much of VW’s remaining free float.

Shares in the German car maker hit an intraday high of 1,005.01 euros, valuing the company at 296.06 billion euros ($370.4 billion) based on ordinary stock, more than that of world number one company Exxon Mobil Corp’s $343 billion market value at Monday’s closing price.

The shares later eased back to stand 25.4 percent higher at 652.00 euros at 1103 GMT, after tripling in the previous session.
Porsche said Sunday it held over 74 percent of VW, prompting a panic among short sellers who had sold VW shares in the hope of buying them back at lower prices.

German regulator Bafin saud it was looking at the VW share movement to see if any insider trading or market manipulation had taken place.

“Each and any short seller in the world is trying to close up their position and there is no way they can do it except for trying to buy like mad,” said FrankfurtFinanz analyst Heino Ruland.

“Someone is selling it at a rather interesting and rich price — it is about 10 times as much as it should trade.”

Analysts and traders said the stampede was historic for German large caps.

“We were joking before about the share price hitting 1,000 euros, and all of a sudden, it was there,” said one Frankfurt-based trader. “This is perverse.”

VW shares could continue to rise, or stay at current historic levels, experts said.

“The problem is, from a fundamental point of view, shares are really overvalued. But when the short squeeze comes to an end, there are not enough shares available to bring the share price back down,” said one Frankfurt-based analyst.

Despite the massive rise in VW shares and talk of little free float remaining, the Frankfurt Stock Exchange said it did not plan any changes in the German blue-chip DAX index.

It has said in the past that if the free float in Volkswagen’s ordinary shares were to fall below 5 percent, the Frankfurt Stock Exchange’s index revision committee would automatically replace them in the DAX index with the top-ranked stock measured by free-float market capitalization and trading volume.

Germany’s financial regulator said it was looking at the VW share movement for possible insider trading or market manipulation, but had not yet launched an official examination.

Porsche raises stake
Porsche said Sunday it held stock and options equivalent to 74 percent of Europe’s biggest carmaker and aimed to push through a domination agreement next year that would give it management control and capture VW’s mighty cash flows.

This will almost certainly meet objections from VW’s home state of Lower Saxony, which controls just over 20 percent.. In return for losing their dividend, minority investors would get an annual cash payout set by Porsche.

Analysts questioned Porsche’s motives in announcing its holding, and suggested the company may have wanted to cash in one last big jackpot at the expense of unsuspecting investors.

Tim Schuldt, an analyst at Equinet, said Porsche’s announcement seemed like an invitation for hedge funds to pile into the stock and cover their shorts. He said the problem was that there was only a free float of around 5.8 percent, and many of these free floating shares were actually held in index-tracking funds and other portfolios.

“For Porsche we don’t know their real intentions ... it could be that if they managed to cash in at these levels obviously that would be extremely positive for their share price, for the value of their company,” said Schuldt.

Water Car Technology

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Water Car Technology
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23rd October 2008
Author: ron7650



Every Water Car inventor, once he achieves any notoriety gets hounded. When you arm yourself with this information you will be amazed at how easy it can be to make this work for you. The technology can be made workable by just about anyone, who has access to the right information and the right devices needed. If you know anyone that has also doubted the workability of the right information, tell them that not only is it now workable but anyone can make it work from the comfort of their home. I wish I could see his face right now while demonstrating this to him. When you take a close look at pure driven technology, one will most likely spend even more than running their gasoline for powering vehicles. One will most likely spend even more than running their gas for powering vehicles.

How exactly this automobile works? It can be assembled and installed properly by just about anyone, who has access to the correct information and the right odds and ends from the corner hardware store that are required. If you know anyone that has also doubted the workability, let them know not only does the know how exist but anyone can make it work from their own garage. I wish I could see his arrogant face right now while demonstrating from Water for Gas to him. The new economy created by a prevalence liquid cars would be a major economic revival! They consider that America would become bankrupt if liquid cars were to become common place. You will begin to understand why liquid have been a closely guarded secret until today. Bottled liquid carries a declaration that it is 100% pure and free from bacteria and other harmful substances, and is accepted by us as safe to drink.

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When examining water powered automobile technology, the possibility exists you can end up spending even more than just buying a cleaner burning vehicle. Understand that this is not to suggest to construct a vehicle from the ground up. Can we really drive hydrogen powered autos today? Fact or fiction Is the hybrid powered automobile a reality? Note that this is not to indicate to construct a hydrogen powered automobile from the ground up. So, the technique advocated for a automobile which will save you cost of fuel is to make a affordable no gas powered car device, thereby saving you huge costs you would have spent using only gas. When examining no gas powered car engineering, the potential exists you can end up spending even more than just buying a cleaner burning car such as a hybrid. Summary, this viewpoint looks at the claims of running a no gas powered car, and tells you if the possibility exists to have hybrid powered autos or not.? Understand that this is not to suggest to construct a no gas powered car from the ground up.

While nothing has been invented yet, you can take comfort in knowing that scientists and technicians are working like crazy to make liquid powered autos a possibility. Hopefully one of these days, scientists will have a breakthrough and will figure out how to create hybrid powered autos. If we were experts in thermodynamics, physics, chemistry and vehicle engines, here is how our hybrid powered autos would work. The gasoline tank would be replaced with a water tank. On the contrary, with the ever increasing cost of gasoline, the demand for no gas powered autos has reached an almost fevered pitch. The possibility of hybrid powered cars being invented has been talked up practically since the invention of the automobile itself. These cars are something that the public has been hoping to see on the road for a few decades now.
Ronald W. Firquain is a auto mechanic, musician, Arabian horse owner for 20 years, writer, marketer, entrepreneur, webmaster and has 18 years of computer experience. car tips

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