Short squeeze: Difference between revisions

{{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.

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>

*[[bottom of the range]]