Well, that’s what some brokers are calling it.

Of course, that chart does not do justice to the recent spike in Punch Taverns Toxic Pub Co.

But this one does.

Anyone who shorted Punch in the past couple of months will be nursing burnt fingers.

Very painful.

Shares in Punch are currently up 21p, or 31 per cent, at 89p.

This entry was posted by Neil Hume on Thursday, April 2nd, 2009 at 15:49 and is filed under Capital markets, People. Tagged with giles thorley, Punch Taverns, short selling. Edit this entry.