Prior to the coup, Dogan Holdings has a lot short sellers in the stock, as people believed Erdogan was going to clown slap freedom of the press, which included the CNN folks. However, and since Erdogan took to his FaceTime app with CNNTurk during the darkest moments of the flaccid coup attempt, investors who were short Dogan got their fucking brains scrambled for them today–as a new light of friendly relations with Erdogan helped the struggling company shine while everyone else fell into the abyss.
“The group earned praise from government officials following its broadcast of Erdogan on Friday,” said Figen Ozavci, the deputy chief executive officer at the Meksa Yatirim Menkul Degerler brokerage in Istanbul. “Investors seem to have interpreted this as the tension being reduced between the government and Dogan Holding, which is a positive given past experiences
Lesson learned?
If you happen to own a news channel in a country who is undergoing a coup attempt, FaceTime the deposed leader on live television. Who knows? Your stock might just climb 16% the next trading day, if he’s successful.
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