The meme rally that sent shares of GameStop Corp. soaring this week will likely peter out in a couple of days, says Dan Raju, the CEO of cloud-based financial-services provider Tradier. "This is short-term baseless frenzy," he told MarketWatch. "It's not based on any fundamentals. It's based on social resonance around a few securities." He added: "I think this will fade out in a day or two."
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