Quote:
Originally Posted by DownhillGoat
That is possibly the best name of a financial maneuver in history.
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Lol, well it wasn't a manoeuvre. It was the owner of the Piggly Wiggly chain in the 20's who cornered the market because he was upset with Wall Street. So he borrowed about $10m and created a short squeeze where to get out of it, they'd have to pay his asking price. The problem was the exchange pushed back the deadline, and as you'll see with certain other stocks currently rocketing up, he had to find a way out without cratering the price on the way down.