Melvin: Difference between revisions
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1. ''(Finance)'' A manoeuvre in which a fêted hedge-fund manager’s [[Short|shorts]] are yanked up from behind him until they are wedged uncomfortably between his buttocks and then pulled up sharply from behind up over the head, typically as a prank by a bunch of day-traders on Reddit. ''(Named for [[Melvin Capital Management LP]], the unfortunate fund to which this happened).'' Also called a [[short squeeze]] | 1. ''(Finance)'' A manoeuvre in which a fêted hedge-fund manager’s [[Short|shorts]] are yanked up from behind him until they are wedged uncomfortably between his buttocks and then pulled up sharply from behind up over the head, typically as a prank by a bunch of day-traders on Reddit. ''(Named for [[Melvin Capital Management LP]], the unfortunate fund to which this happened).'' Also called a [[short squeeze]] | ||
2. ''(Everyone else)'' | 2. ''(Everyone else)'' The outcome of unexpectedly yanking a buddy’s underwear up from behind until it is wedged between his buttocks; a “wedgie”. | ||
Nominative determinism to the max, Mr Plotkin. | |||
{{sa}} | {{sa}} | ||
*[[GameStop]] | *[[GameStop]] | ||
*[[Bottom of the range]] | *[[Bottom of the range]] | ||
*[[Roll of honour]] | *[[Roll of honour]] | ||
Revision as of 07:11, 18 August 2022
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Melvin
/ˈmɛlˈvɪn/ (n.)
1. (Finance) A manoeuvre in which a fêted hedge-fund manager’s shorts are yanked up from behind him until they are wedged uncomfortably between his buttocks and then pulled up sharply from behind up over the head, typically as a prank by a bunch of day-traders on Reddit. (Named for Melvin Capital Management LP, the unfortunate fund to which this happened). Also called a short squeeze
2. (Everyone else) The outcome of unexpectedly yanking a buddy’s underwear up from behind until it is wedged between his buttocks; a “wedgie”.
Nominative determinism to the max, Mr Plotkin.