Jim Cramer Says Trading Is a 'Suckers Game'

Author:
Publish date:
Video Duration:
1:50

Jim Cramer has been hyper-focused on younger investors and their impact on the overall market.

"In his "No Huddle Offense" segment, Cramer sounded off on the unrealistic expectations being held by so many new investors. This crowd feels that every stock has to be the next Tesla (TSLA) - Get Report, but unfortunately, that's simply not the case," wrote TheStreet's Scott Rutt in his Mad Money recap.

"Can a shareholder base just all agree to hold the line and never sell? That seemed to be the case with GameStop (GME) - Get Report, but only for a short period of time. Hope is never an investing strategy, Cramer reminded viewers," he continued. "In the case of GameStop and AMC Entertainment (AMC) - Get Report, the companies are using their unrealistically high share price to issue more stock and bolster their balance sheets. The Reddit crowd might not like these moves, but Cramer said he applauds them, as they give management options to make bold moves to save their companies long term."

Recap TheStreet Live: Everything Jim Cramer Is Watching Wednesday

Related Videos