9:28am ET Wet Seal Inc. (WTSL) warned it may file for bankruptcy protection if the teen apparel retailer is unsuccessful in the very near term in addressing its liquidity needs. Shares fell 47% to 15 cents premarket.
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.