Former SAC Trader Shares A Short Squeeze Story

When I first got to SAC Capital in 1999, I sat back-to-back with another cyclicals trader. A tall and muscular man, he was one of the room’s best traders and most charismatic personalities. After a few weeks, however, I began to notice a disturbing pattern in his behavior.

About 2pm on most days he would start cursing at some imaginary personal in a low voice, just loud enough for me to hear. This wasn’t garden variety stuff either. It was language more appropriate to, well, the sort of private club that has a dungeon in the basement. Read more…..


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