Jim Cramer has a message for Wall Street: Stop hoping your company becomes the next "meme" stock.
"So my bottom line: you can't aspire to be a meme stock. That means aspiring to be shorted. And the shorts just aren't that stupid to take that bait. Nevertheless, sadly, I think if I were short any stock with a more than 10% short position I think it is time to cover and cover right now because you have a target on your back and it is way too big to beat," Cramer wrote in his latest column on Real Money.
So how do insiders react when Reddit traders focus their attention on a stock?
Cramer breaks it down in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 6/28/21