Technical up in DAX?

Because of some kids playing short, VW went yesterday till almost 1000 euro per share (from 200+). They did not realize that they are short selling while Porsche is buying and is not intending to sell them back EVER. Free float got smaller, so there was very little room left for the shorters to close their position, even with huge losses. Rumours are saying GS, MS and SocGen were among the shorters.

Consequently, VW represented yesterday evening 27% of the DAX index. Practically, DAX is not reflecting anymore the german companies, but VW.

Deutsche Börse made a statement that this situation must be immediatly changed and decided to limit VW to maximum 10% starting from Monday! This means: in the next 3-4 days, we are going to see sells on VW (if the banks still have VW in their portfolios), and for sure, they will have to buy immediatly some of the other 29 DAX components according to their new share in the DAX index. Stay tuned, show is coming :)

edit: According to Spiegel, Porsche hold shares and derivate products for about 75% of VW, the land of Niedersachsen had about 20%, so the free float was about 5%. The naked shorts were amounting about 15%. I am curious how this is going to end up :) I will prepare some popcorns for the final show.