Catching Rides on Meme-Mafia Trades May Boil Down to Models
- Goldman metrics designed to time retail-driven spikes
- Goal: Buy buzziest day-trader stocks against the less-favored
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Staring at a meme stock craze that shows few signs of abating, Wall Street is still wrestling with how to trade it.
Many traders scroll through Reddit blogs that cheer on day traders to suss out the next big thing. Others obsessively track Stocktwits citations. There are even firms hiring WallStreetBets veterans to get inside the heads of the people who call themselves apes with diamond hands.