So far so good. $DASH is a case study in the excesses of ‘sending money to Planet Palo Alto’ that has taken place since the 2008 financial crisis. The trouble is that we are no longer trading our grandfather’s stock market.
Identifying bad, overvalued companies with rapacious executive compensation plans is no longer enough. In the age of the meme stock, short selling has become a very different game. This is not a wistful obituary to Melvin Capital, and I will spare you the lecture on the benefits that the short selling community have delivered to overall market health. Listen to the best in the game, Jim Chanos ( slayer of Enron ) on that topic.
We have to play the markets we have, not the markets that ‘should be’. Notwithstanding the seductive tales of ‘Roaring Kitty’ and ‘honest ‘apes’ doing a number on the suits’ in Wall Street, the process of identifying stocks that are vulnerable to a short squeeze has been entirely systematized and professionalized.
Professional traders constantly monitor situations, where short sellers can get caught in a Gamestop $GME -like situation. They are able to take advantage of market structure in a number of ways:
The dominance of passive investment flows in today’s markets. The well understood hedging requirements of listed option dealers.
More ... latest change: 2026-02-08
Culper Research published on DoorDash (NASDAQ: DASH — $110 billion), a popular food delivery platform. Culper alleged that DoorDash would onboard dashers with less stringent ID vetting than peers and often without proper background checks. For example, Culper cited litigation in which a Dasher killed a mother while drunk driving, despite four prior DUIs, and a case in which DoorDash onboarded a Dasher who “had an aggravated assault with a deadly weapon charge” and later “attempted to rape an 18-year-old [DoorDash] customer after delivering an order to her home.” 2026-01-30 USD 204.62