Satch
MB Enthusiast
- Joined
- Nov 24, 2003
- Messages
- 3,508
- Location
- Surrey
- Car
- S211 E320Cdi Avantgarde Estate & Toyota Land Cruiser
Once upon a time a mostly family run car company found that short sellers could smell blood. And they shorted the stock in one of their holdings. And shorted some more.
Throughout this the family stood firm, buying stock when they could (possibly through options and arrangements with others so the short sellers could not see what the true position was) until one day when it turned out they almost all of the company and the short sellers were in a real mess. Ho ho, cried the Press, evil short sellers get what they deserve.
Except that this was in 1920, the New York Stock Exchange and the Stutz Motor Company, controlled by Alan Aloysius Ryan and his family. And it did not end well for Stutz or Ryan himself.
http://brontecapital.blogspot.com/
Throughout this the family stood firm, buying stock when they could (possibly through options and arrangements with others so the short sellers could not see what the true position was) until one day when it turned out they almost all of the company and the short sellers were in a real mess. Ho ho, cried the Press, evil short sellers get what they deserve.
Except that this was in 1920, the New York Stock Exchange and the Stutz Motor Company, controlled by Alan Aloysius Ryan and his family. And it did not end well for Stutz or Ryan himself.
http://brontecapital.blogspot.com/