Meme Stocks
WallStreetBets Traders Just Can’t Agree on Where to Go Next
- Warnings abound over taking collective action to punish shorts
- YOLO camaraderie gives way to infighting, finger-pointing
A pedestrian walks past film posters at the AMC Lincoln Square 13 movie theater in New York, U.S., on Thursday, June 10, 2021.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
If the meme-stock mayhem were a movie -- and by all accounts it will be -- we’re now at the scene where the protagonists, after pulling off their first big mission, fight about what to do next.
Emboldened by their initial success, the more daring would be anxious to ride again while the weather-worn veterans advise caution and, somewhere in between, a few characters can’t decide which side they’re on.