To give you an idea of how dumb stock and crypto markets can be sometimes: a stock, let’s say “ABCD,” gets good news and starts pumping. But along with it, a totally unrelated stock named “ABD” also starts pumping because some people mistakenly buy it instead of “ABCD”, for them, it’s about the hype, not the value. Real world Examples 👇🏼
-Zoom Video Communications (ZM) vs. Zoom Technologies (ZOOM) (defunct Chinese hardware company)
-Ford Motor Company (F) vs. Forward Industries (FORD) (manufacturer of carrying cases and accessories)
-Tesla (TSLA) vs. Tiziana Life Sciences (TLSA) (biotech firm)
-GameStop (GME) vs. Globus Medical (GMED) (medical device company)
-Trump Media & Technology Group (DJT) vs. Dow Jones Transportation Average (.DJT) (stock market index)