ASO - BofA runs the numbers on WallStreetBets predicting 'up-crashes': At the Open

In the wake of the short and gamma squeezes that sent rumblings through Wall Street in January, Melvin Capital's Gabe Plotkin, who got caught on the wrong side of the GameStop (GME) trade, predicted that hedge fund data scientists would be looking a lot closer at online stock discussions.And BofA Securities is out with a note today looking at whether Reddit's (REDDIT) WallStreetBets can be used to predict what they term "up-crashes."Short answer: "no, with a but."BofA looked at numbers form alternative data company Thinknum tracking stock mentions in WallStreetBets and focused on small- and midcap, or SMID,  stocks in the Russell 2500 (SMMD)."Overall, we found no clear 'tell' from the number, change in or share of mentions on Reddit’s WallStreetBets forum for stocks including GME, AMC (AMC) or Bed Bath & Beyond (BBBY), which were the subject of 'up-crashes' in shares in Jan," strategists led by Jill Carey Hall, wrote."But

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BofA runs the numbers on WallStreetBets predicting 'up-crashes': At the Open