Carson Block Suspects Hedge Fund Coordination in Short Squeezes
- Theory would undercut role of retail orders in GameStop rally
- Muddy Waters has hired full-time trader to fend off attacks
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Carson Block, the activist short-seller famous for targeting Chinese frauds, recognizes familiar behavior in the rally of shares such as GameStop Corp. To him, the parabolic moves look less like the product of Reddit-driven retail orders than a short squeeze by hedge funds targeting other hedge funds.