![]() ![]() We've seen a lot of low quality stocks rallying purely because too many hedge funds shorted them at the same time and those shorts ended up getting squeezed," he said. "When good things happen to bad stocks, I get nervous. It's currently at its highest level since last January, when the meme stock craze was at its peak.Ĭramer warned investors that this action is making money-losing stocks look deceptively attractive as long-term plays. The GS Most Short Index, which measures stocks that investors are shorting, or betting against, rose more than 18% over the last five days. More investors appear to be trying their luck with short-selling. who is Reddit and would it mind going back to explaining to 5 year olds whats the difference between a stock and a bond. Jim Cramer of CNBC opined that the Twitter board would have no choice but to reject Musks offer due to potential personal liability faced by the board. Sooner or later, you end up with a day like today where that tactic just blows up in your face," the " Mad Money" host said. "In a market that's presenting you with ample opportunities to lose money, I can't endorse buying these money-losing stocks in the hope of engineering a short squeeze. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower We encourage you to do your own research before investing.Best Debt Consolidation Loans for Bad Credit The Mad Money show then began recommending investors invest 5% of their portfolios in Bitcoin.Ĭoncerns about the Chinese Bitcoin mining crackdown, ransomware assaults, and Tether (USDT) forced him to sell his BTC for Ether in June of last year.ĭISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. Jim Cramer became a Bitcoin supporter in 2020 after speaking with crypto investor and entrepreneur Anthony Pompliano, who urged him to purchase some BTC. He also tweeted a buy suggestion for AMC Entertainment Holdings, right before the price fell 30%. He complimented Ark Investment Management CEO Cathie Wood immediately before her flagship fund crashed last year. ![]() He has often been critical of some of the most popular stocks among. Many people have criticized Cramer for offering trade suggestions that resulted in losses. 10, 2022, 12:33 PM Jim Cramer doesn't hold anything back when he engages with retail investors on Twitter. You do not do this for 42 years and lose money evert year. After mentioning that he acquired a farm with his Bitcoin winnings and a boat with his ether income, the Mad Money host issued a challenge to crypto investors:Īs far as crypto, same: i bought a farm with my Bitcoin winnings, all announced, and i bought a boat with Ethereum. Jim Cramer then sent out another tweet regarding cryptocurrency. Those who know me know that you would have been betting against Apple at 5, Google since inception, Meta at $18, Amazon at ten, Nvidia at $25 and AMD at $5. He wrote the following when discussing the Advanced Micro Devices stock:Īs always i welcome people betting against me. Cramer is a former hedge fund manager who co-founded, a website dedicated to financial news and education. 'I think we broke Jimmy,' one Redditor said in response to Cramers rant. ![]() Jim Cramer, the host of CNBC’s Mad Money, dared cryptocurrency investors to bet against him. Mad Money host Jim Cramer exclaimed 'why why why' in a segment on meme stocks on CNBC Wednesday. ![]()
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