The 1920 Stutz Motor Corner's March Pullback

In early 1920, Allan A. Ryan was aggressively buying up shares of Stutz Motor Car Co., driving the stock from around 100 in January to over 134 by February 2, as he worked to squeeze short sellers betting against him. Cash-strapped and buying on credit against his own family's assets, Ryan hit a rough patch in early March, when the stock fell all the way back down to 100 — wiping out the whole advance and making it look like his campaign had failed. He kept buying anyway. By March 24 the stock had rocketed to 282, and by the end of that week it reached 391 — and Ryan's cornering campaign continued from there, eventually forcing short sellers to settle at 550 a share before the exchange intervened.