I decided to participate German CFA Society presetation. Head of M&A of one of the Frankfurt's bank was going to present the general trends in Automobile sector. The enterence cost 25 € but i decided to participate because i could build networks. It was a one hour presentation in the launch time. So nobody had time and it was not directly good opportunity for networking but I could get some info about the automobile industry. I heard in the presentation that Porsche wants to increase its steak in Volkswagen after the presentation I made a research and added VW to my test porfolio. Porsche increased its steak in VW to 30%. The stock is increase from 86€ to 117€ in one month. I thought that VW can learn many things from VW and bought (113€) VW after the transaction of Porsche is complete. I heard that according to german law 30% steak in a firm mean a takeover and porsche do not want to do this at the moment. I also read sell recomendations. Finance theory tells that sell recomandations are not often. So I want to sell my shares after 5 days I bought them. I sold the share with -11€ loss ( with additional -15€ transaction costs). But I am now happy to minimize my loss.
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