Short squeeze: Difference between revisions

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{{aai|disaster |}}A situation most entertainingly illustrated when hedge fund wizard Gabriel Plotkin drove his fund [[Melvin Capital LLC]] too close to the [[bottom of the range]], where he got rudely sacked by a bunch of barbarian day-traders on Reddit whilst innocently shorting [[GameStop]]. As the saying goes, “when the fun stops, gamestop!” — sadly when you are short the same rat every other bugger is chasing up a drainpipe, there isn’t anyway of stopping without dropping six or seven yards and having to shutter your fund.
{{aai|disaster |}}A situation most entertainingly illustrated when hedge fund wizard Gabriel Plotkin drove his fund [[Melvin Capital Management LLC]] too close to the [[bottom of the range]], where he got rudely sacked by a bunch of barbarian day-traders on Reddit whilst innocently shorting [[GameStop]]. As the saying goes, “when the fun stops, gamestop!” — sadly when you are short the same rat every other bugger is chasing up a drainpipe, there isn’t anyway of stopping without dropping six or seven yards and having to shutter your fund.


===Where are they now?===
===Where are they now?===
Mr Plotkin is a relief geography teacher at night school in Queens.<ref>We made this up and apologise at once for any office it may have caused.</ref>
Mr Plotkin, once of S.A.C. Capital Advisors — ouch — is now a relief geography teacher at a night school in Queens.<ref>We made this up and apologise at once for any offence it may have caused.</ref>




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