WIRECARD -25% https://www.bloomberg.com/news/articles/2019-02-01/hedge-fund-bear-odey-hits-another-home-run-with-wirecard-wager?srnd=premium-europe Somehow it sounds strange to me. A Financial Times report published the “news” of fraud at Wirecard and a British Hedgefunds bets on the fall of Wirecard and made a huge profit. Just remember the 1907 manipulation in the equity markets by the late J.P. Morgan, that caused the crash of the Dow Jones by 20%. However today Wirecard lost another 25% of its market capitalisation and closed at 108,50€ down by 36,20 Euros, following a report that a group of lawyers ordered by Wirecard found evidence of fraud. The stock fall the most in more than a decade and lost overall more than a third of its value this week. Despite ongoing repeat of any wrongdoing. Even though stops and stop limits are not always the best choice to protect a portfolio of losses, especially in times of high volatility and sudden changes in up-...
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