You can always trust a lying, criminal asshole to rat out his lying, criminal asshole buddies:

[OilemFirchen]

Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders

CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading.

“It’s a game. If it weren’t securities, let’s say it was Monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” “Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them.”

Cramer referenced shares of American Airlines, which were up more than 15% in early trading even as the company said it anticipates its second-quarter revenue to decline 90% compared with last year.

The “Mad Money” host said people who really wanted to invest in a company like American Airlines, betting that coronavirus-related impacts of air travel would not be a long-term drag, would wait until the market opens.

<snip>

But Cramer said there really is nothing driving that kind of move in a stock that has been so impacted by the Covid-19 crisis and faces a rocky future. He also pointed to the recent action in bankrupt car rental company Hertz, as well as Carnival Corp. Hertz’s stock was up more than 50% to above $3 each Friday, while shares of cruise line Carnival were up about 12% in the premarket.

Link to tweet

[Glamrock]

1. These fucking people make an atheist like myself....

Hope he’s wrong.

[OilemFirchen]

2. Here's the site to which he was referring:

Robinhood Day Trading

You can also see these suckers played during the lunch hour. Rookies need to learn about limit buys and sells. In a hurry.

[Disaffected]

3. Rookies really need to learn that

day trading is a mug's game with no plausible way of coming out ahead in the long run (unless one is extremely lucky or has access to reliable insider info).

[OilemFirchen]

4. Yabbut...

Fibonacci Bands!

[Disaffected]

7. And, don't forget

Bollinger Bands, Relative Strength Indexes and, especially Momentum Oscillators.

Howling at the moon the night before also has a lot ot recommend...

[Wellstone ruled]

5. Ah Jimmy,

you were the Master back in the Day. Everyone learned from you.

[redstatebluegirl]

6. My Grandfather who lost a lot in the market in the crash in the 30's said it was like a crap game.

He said the market was a rich mans way to gamble with money they can afford to lose while taking the pensions of working people who can't afford to lose it.

[Penn Voter]

8. I remember Jon Stewart saying

that if you listened to Cramer around the time of the "great recession" you would have had a million dollars. However, you would have had to started out with a hundred million dollars!