Lawsuit but stock still goes up ?

Discussion in 'Wall St. News' started by cashclay, Jun 9, 2021.

  1. cashclay


  2. CET


    The market is not concerned because most of these lawsuits never proceed. They appear to be still looking for a lead plaintiff, which is normally the case.
  3. cashclay


    But if a company has a possible lawsuit that could be brought to them how people buy into something like that? Esp breaking out to multi month highs
  4. CET


    Clearly the market is not worried. Most folks trading WPG are just riding the momentum short term. This stock is a short squeeze and small(ish) float play. If you actually see a headline where there is actually a lead plaintiff, there might be a little concern. Most of the stocks being run lately have horrible fundamentals. These stocks are about trading not investing.
    cashclay likes this.
  5. guru


    Lawsuits are part of every business.
    Does Walmart stock go down every day?

    cashclay likes this.
  6. VicBee


    Since when does reality affect stock price?

    I may be spending too much time on GME, AMC, BB, CLOV....
    KCalhoun and cashclay like this.
  7. ElCubano


    I wonder how many of these are like Slip and Falls.
  8. bone

    bone ET Sponsor