Stop breaking Cramer's rules for after-hours trading, folks.
In his morning column on Tuesday, here's what he wrote:
They violated every rule I have ever taught and I want to out these fools as reminders that you must never underestimate the ability of traders to do the dumbest of things. And as far as I am concerned, those trades and dozens of others like them, were the work of true morons.
When asked about why investors should approach after-hours trading with caution, Cramer responded:
"Well, because there's no price discovery and I have a vignette about it in Confessions of a Street Addict where you don't really know what the market is, you're just saying, just get rid of it, just get rid of it. Highly emotional, highly unstable. Unstable managers. I would say, managers who do not really belong in business but will hide behind some sort of shield that if Apple (AAPL) - Get Report comes down today, look, they'll say, listen, I told you so. But of course, this is when you sell Apple if you don't like Apple," he said.
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