for apple, google or amazon. the chart looks like it wants to scream to $50. earnings come out first week of may. watch this one. >> guy adami >> black stone reports i think on the 22nd. rngsink it continues to rally in eain, mel. >> thanks of my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but educate and teach you so-call me at 1-800-743-cnbc or tweet me @jimcramer. the dow dipping and s&p advancing.

the nasdaq gained 1.05%. and you never want to be caught in one of these minor cord drifts they exist to suck you in but it's usually a trap. so the cdc put a pause on the j&j vaccine because it could cause blood clots in women in one woman it was fatal. the regulators shut it down and that caused the rotation from the reopening stocks to the lockdown stocks. think zoom or docusign or peloton. i don't think this put a dent in the great reopening thesis j&j hasn't been able to make enough vaccine to be a real factor here. that's a huge disappointment to me don't worry, it's all moderna and pfizer and i have total confidence in both this is a good time to reflect on the longer term trends and worries, not the problems with j&j which i ultimately believe will be okay

on the eve of earnings season, let me take this moment out to articulate seven concerns i am worried about. ones that help explain why i recently took about $150,000 out of the market, meaning i sold stocks for my charitable trust which you can follow along by joining the actionalertsplus.com club these are less things that keep me up at night i hear that and hate that. that's not what this is about. there are more possibilities that you have to keep an eye on. first are the earnings themselves this week we have bank earnings and those stocks have run so much that their numbers need to be borderline perfect if they don't cause, well, you get it. even though the financials are relatively cheap versus the rest of the market and have an improving yield curve, the stocks are coming in way too hot and that's a risk. i keep seeing jp morgan opening up a buck and maybe a buck and a half, maybe two bucks and slowly by surely working down to be

flat at which point all the people who bought it higher, puke it up because they have zero conviction that's not encouraging look, bank earnings are hard to get your head around the headlines are a dice roll and there are lots of dice rollers out there that could immediately be disappointed. this red hot group could hurt the tenure of the earning season the current inflation spike is chance to transitory saudi arabia will soon open the speck et crude could fall $10 in a heart beat if the saudis whisper they want it lower. plastic is a huge part of the building block they are only up because of severe shortages caused by super storm yuri but what if it takes months to get the plants restored that seems likely. how about this port thing? is it transitory

port congestion is causing price increases. how long will this continue? i agree with j i don't think we'll have to tighten any time soon because of inflation but long before this is a legitimate concern as the consumer price index don't seem that worrisome three, tomorrow coin base has a direct listing, one of the largest companies to come public in years i like it. the stock more on that later i like it very much. but we've had so many ipos and spac deals i'm worried about the prospects of a $100 million listing sucking money from everything else while the spacs have taken a pause, that will end when growth merges with grab the east asian ride sharing food delivery and bank play, digital wallet, everything sounds serious sponsors specking around but the bad spacs far outweigh the good ones and anything, anything that lures in new supply i'm telling

you is a problem you got to sell to buy there is not a lot of new money coming in. i don't like 37% of the tech companies are losing money now that's the highest percentage of unprofitable tech outfits since 2000 ominous. too much supply. too many questions not enough discipline. fourth concern, we've gotten complacent about covid, social distancing doesn't feel like a thing of the past. we act like we have the pandemic under control. no one knows whether the vaccines work on all the new variants people are sick of quarantining and vaccinations, say j&j all going pretty well. we're not out of the woods right now do you know in ontario, doctors may have to decide which patients can get an icu bed and which can't? that's toronto in the u.s. the vac cinations ar outrunning the play but what happens if j&j's issue scares people out of getting vaccinated together we're weary, which means we're

letting our guard down and the dangerous veariants could cause the stock to go down to. fifth concern, we're indeed over bought on the s&p oscillator i swear by at five tonight it's not terrible but where you have to sell something as i did because it's like a thermometer and tells you if the market -- i don't own stocks in my travel trust however i had an incredible run and i'd feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump the longer the market stays over bought, the more worried i get last week off the chart we highlighted a bold top call from tom demark he thinks the dow and s&p are over extended. the oscillator agrees. it's worth being a little more careful. these shortages really do worry me, especially the semi conductor. without chips there isn't anything most manufacturers can do to boost production fort and gm can't cash in on demand and i don't see that

getting better gm had hope but i droon't thinki will make that much difference you can't throw up new factories. it can take years. the semi conductor capitol equipment companies are working around the clock to make more machines that's why applied materials, they keep hitting new highs. nvidia can't be the only stock to rally it a software, hardware stock. we have shortages throughout the system because years ago our companies decided to handle inventory in a just in time manner you can blame the business schools for that if there is any disruption, the whole system breaks down and you can't make anything. you know, i got to tell you, china, they operate on adjusting case basis so they're in a much better situation to cope with the disruptions. finally, concern number seven, this one has me the most concern because it's beyond foreign policy we have the new president and it feels like everyone from iran to north korea and russia, even

china once a test is resolved, i'm the most worried about china that seems determined to show biden doesn't want to hear anything about human rights or make a move on taijuan i think they're bluffing but that's not the kind of thing you want to bet on to me, this potential flash point is the most dangerous story line in the world right now. i have to hope it all posture but makes me nervous when china does something like sending 25 planes over tair space with a conflict that could trigger some would say world war thiii, that extreme but i don't like it. i'm not a bear but there are legitimate concerns here which is why we sold a bunch of stock on the eve of the conference call i gave last week. listen, this market can handle one or two of these potential problems, but it can't handle all of them, not when all the stock is offered so why not exercise a little prudence, raise a little cash in case something goes wrong

even if it means buying some coin base with some of the leftovers. let's take calls let go to kibret in ohio. >> caller: boo-yah from cincinnati, ohio how are you? >> oh, man, cincinnati home of sarah eisen. what is happening? >> caller: i'm a young investor, aap member, big fan of the show. i've been watching a little over a year now since work from home started. i wanted to ask you about bc i bought it last july after your recommendation i got a 52% return on it it only about $4 off from the highs so should i hold, lock gains in order to buy lily like you mentioned on the last call on thursday? >> i think you should sell half and buy some lily. which we bought today from the charitable trust stock is incredibly low. i bought it too soon i understand that. brunswick is a great company it's a great stock but it has really made a run and i would

prefer to see it down a little before i tell people to buy it so i can't tell you not to trim that position a little bit, just a little bit i need to go to bud in ohio. bud? >> caller: boo-yah ski daddy thank you for taking my call. >> yo. of course. >> caller: hey, jim, yesterday morning on cnbc you called bitcoin a store of value and you even joked about wanting to be paid in bitcoin. in past years when inflation entered the conversation, i always heard of gold being the store of value is bitcoin sure planting gold as a store value and is that why gold is down while other commodities are up and would you still recommend -- >> let's put it this way yes, put it this way if i said i was going to be paying bitcoin, i would have gotten a raise today here is the problem. i have always said 10% of your portfolio should be in gold. i think 5% should be in gold and 5% should be in crypto so while

i still believe in gold and barrett gold, i have to believe after overseeing crypto is for real crypto is for real all right. now, i've just given you seven reasons why i'm cautious about some parts of the market and why it wouldn't be so long to do trimming the market can handle a couple but not with all the stock being sold take profits so you have some cash for the next sell off on "mad" tonight novacure is trying to cure cancer and stock is up 50% today alone. i'm talking to the ceo about the news behind the move and taking calls from you cramerica through the markets ups and downs, i always got your back and i'll be answering the most pressing questions ahead and it's not unlikely to say coin base is unlike any market. i'm breaking down the prospects ahead of tomorrow's ipo. don't miss it so stay with cramerica.

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the "mad money" mantra has always been about helping you, the home gamers. it's been my mission from the start to try to help you make money so tonight, we're fielding questions directly from the loyal citizens of cramerica and seeing what you want to know, not something i want to tell fut

to take calls. let start with terry in north dakota terry? >> caller: jimmy, thanks for taking my call. >> my pleasure >> caller: i'm looking at buying a position in draft kings, the stock has been on a steady run over the past 12 months and closed today at 59 and some change should i buy now or wait >> well, the shock is down a lot, terry and i got to tell you i think everywhere people want gambling it gets on the agenda i like draft kings and it's come down enough you can buy a little that said, people have to know, i have a relationship with draft kings. i had a bull market fantasy with them so you can say i'm not independent but i like draft kings very much and thank you for the call i want to go to jerry in california, jerry? >> caller: yeah, okay, hi, jim always enjoy your show from the south california coast out here. >> thank you

>> caller: you're welcome. i got logitech on your advice, march of last year actually and wondered your hit on holding it long term it's so volatile or good long term holder off it. >> okay. so you've caught basically, i would say, almost a triple so i like to take out my cost basis when i have a triple that said, i think black and determine has an amazing company. nvidia is sure we have 400 million gamers in the world. logitech will continue to do well why sell some discipline gary in maryland, gary >> caller: yes. >> go ahead, gary. gary >> caller: i hear you, it's jim. what's up? >> caller: how are you, jim? boo-yah. >> right back at you hit me with something. >> caller: okay.

i got this bank of america i had it for so long i had it since 2003 and they haven't done much. they're hanging around 40. they come out with the earnings on thursday. i'd like to know what, you know, what you think about the earnings when they come out. >> sure. i mean, look, i got to tell ya, i think that bank of america longer term may not have been that good but wait a second. it been fantastic of late. the stock is still well below it's high from before the great recession. i think they are doing a good job at 39 i would hold onto the stock. derrick in california, derrick >> caller: hi, jim the stock i have for you today is mattel ticker symbol mat. i bought the stock in april and may of last year for an average cost of $9 a share and it's been a big winner in my portfolio

however, i wanted to hear your thoughts on the stock's valuation where it sits today and also whether or not you think it's worth holding as the economy begins to reopen again. >> all right so here we go, derrick my discipline is conflicting with my conviction the ceo is doing a remarkable job and i'm pretty confident mattel can go higher i also am a big believer that i think you can take out your cost basis and then play for free you play with the house's money. you can't lose so those are the -- you know, you got to know thy self are you part of the former or ladder the plan he told me about when the stock was at ten continues to live on all right. i always say i got the smartest viewers in television and i like to talk to you i'm here to help you through the ups and downs. the show is for you, cramerica much more "mad money" ahead. the crypto craze continues and with bitcoin hitting an all time high today the move comes as

investors countdown the coin base's highly anticipated view you want to know about what i think about your direct listing. i think it's going to surprise you. all right? we'll break down the trading plat fform platform's potential and you can still, still, still take action tomorrow morning and then is it buyers be ware i'm digging into the latest moves, the shift in the momentum and what it means for your port follow and all your calls on tonight's edition of the lightning round so stay with cramer

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okay tomorrow we get the most hotly anticipated stock market debut of the year. well, at least so far. with the direct listing of coin base the largest crypto currency exchange platform in america so what do we do with this? coin base is the real deal the numbers are incredible but i hate the timing. one of my biggest fears right now is that we have a stock glut, just too many of these especially in tech that whole cohort could get clobbered as investors can line up to raise money to get a piece of this. i don't believe anyone from it, not at all this company is the way to play all crypto currencies, not just bitcoin. so all yourbases are covered i'm very impressed by the people of coin base

very good management they seem to know what they're doing however, the stock could be insanely volatile and that's going to be a real issue meaning it's for everyone and you have to be distant about buying at the right levels let me give you pros and cons so you can decide for yourself which is what this show is about. the thesis here is pretty straightforward. first, crypto currency like bitcoin made people fortunes but many investors don't want to buy them directly because setting up crypto currency is a hassle or they don't like fractional shares the trade is at $63,000. maybe you don't want to pick among -- maybe a dozen currencies it confusing even if you believe in the category as a whole. maybe they would rather own a stock especially mutual funds that can't own bitcoin directly. it is giving you tremendous performance as bitcoin surged over the past six months in beautiful fashion. think technology like square and

paypal that lets you buy and sell once coin base starts trading, it instantly is the gold standard a pure play crypto exchange publicly traded. the scarcity value is enormous and as tremendous security in a world with people worry whether their cryptos are secure it a real vault. second, coin base is the leading crypto exchange by far with continuely growing market share. they pioneer this industry and king maker and explaining it's good the king coin base started operating in 2012 the total market cap was less than $500 million now the number is well above 800 billion with a b and as crypto grows, coin base grows especially since the company makes the bulk of the money from commissions. at the end of 2012 the company had 13,000 users, now they have 56 million users up from 43 million. i love that growth

hey, speaking of user growth when coin base released the first quarter results, the numbers were stunning. monthly transactions was 6.1 million. coin base is $223 billion worth of assets on platform. equivalent to 11% of the market up from 90 billion last year now, more important, quarterly trading volumes came in at $335 billion. which is 73% higher than their total trading volumes for 2020 coin base generated 1.8 billion in revenue, up a staggering 844% year over year that's a monster acceleration from the previous quarter where they had incredible 495% growth rate why do people float $100 billion valuation. how about earnings it was more than double the net income for the whole 2020. of course, all this is tied to the massive rally in bitcoin that serves 4,000 in the lows last march to 10,000 at the end of september to 29,000 at the

end of last year to 63,000 right now. that's one of the big negatives here coin base, it's joined at the hip to the crypto market and hey, hey, i got to tell you, this bitcoin is just out of control. in fact, management gave three separate full year forecasts, a base case and bear case depending on prices. in the bull case they expect 7 million monthly transactions and the key met trick in the base case, which assumes flat crypto growth, they're expecting 5.5 million on monthly c ly chance g users. that's a crypto meltdown in which case coin base sees 400 million monthly users. long term, i expect the crypto currency economy to keep growing and growing. i think bitcoin alone could eventually get to a $3 trillion market capization which will be fabulous for coin base crypto advocates love to make bold proclamations how it will

revolutionize commerce and fiat currency, which i say who cares? matters to me is there a tremendous appetite for the class and it's not going away. you don't have to be a believer. the concept is crypto the investment and if you want to play it coin base has a lot going for it granted there are potential fpitfalls new competition, long term profitability and a possibility of real regulators, real regulations coming in. tax concerns, you understand all that said i would be a buyer at the right price so what's the right price? tonight the nasdaq is at $250 given it trades privately and the price is closer to $350 but i wouldn't pay too much attention to the reference price because the opening will be determined by supply and demand and won't come until late morning or early afternoon and probably substantially be above that if the history of these stocks is any indication and it will be. so far we also got price targets from two different an italysts a month ago they initiated

coverage with 195 target that was before we knew about the amazing first quarter results and far more i'm mportat this morning lisa ellis pounded the table with a rating of a $600 price target. ellis argues you have to value coin base like the fintechs and software stocks and maybe sells for 18 times for the 2023 sales forecast she acknowledges coin base corp business is incredibly volatile. let me read you a snippet because she makes a great point. investing in coin base is not for the faint of heart as the business and the stock will likely see dramatic potentially projected swings, we primarily recommend it for a multi year time horizon that have the fortitude to weather ups and downs. i couldn't agree more. i don't like to bet against her, either it's been a fool's earn to bet against her so coin base lets you play all the crypto

currencies and a tremendous scarcity value it will be like a bucking bronco without a saddle a real rodeo my fear is there will be so much initial demand the stock will sore to a ridiculous level through the get go and because there is insider selling, you can see profit taking that triggers a massive sale off similar to the listing a couple years ago. that could create a fabulous buying opportunity as you're prepared to accumulate this gradually. i'd love it if you can get coin base in the low 300s that seems unlikely. if you're willing to pay 15 times sales, not unreasonable this is a $475 stock that's the upper end of what i would be willing to pay for a large position still, you have my blessing to put on a position at the opening, maybe half of what you purchase this one go and then buying more but only if it comes in the bottom line, if you like me, well then you're a big believe near crypto currency and you will want to own kcoin base for the long haul.

this should be a ridiculously volatile stock if you're patient, you'll eventually be able to get in at a good price buy some tomorrow ideally less than $475 but i accept some has to be bought and wait to buy more on weakness and get ready for a bumpy ride, a ride i expect to be lucrative over the long haul. there is much more "mad money" ahead. on novacure went up after it announced the trial for none small cell lounge cancer, unfortunately large cancer market then, what happened to the gods of momentum in the market the change of attitude and all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer

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did you see that amazing move today in the stock of novakure it's a way to fight cancer for the past two decades, they've been working on using electric fields to disrupt cell division in solid tumors to make it harder for cancer to spread they call the techlogy tumor treating fields or ttf for short. now, the stock had already been a huge winner. we started recommending way back in 2017 the stock was at 18 after a friend was able to get three extra years of life because of novacure brain cancer's work. it's a miracle now the stock is at $197 after spectacular 50% run just today judging from that move, you

think that novacure got a takeover bid this is clinical trial data. in stage four non-small cell lung cancer, they got permission to accelerate the study. even better they recommending moving patients from the control arm, the ones getting placebo to the treatment arm because it would be unethical to deny technology quite an endorsement just roared. kind of shocking but that's what happened let check in with boil doyle, the executive chairman of nov kr novacure to get a better sense welcome back to "mad money." >> good evening, mr. cramer. thank you for having me. >> well, bill, you've been on a lot of times and you know we're huge believers but even we were surprised when we saw this committee just didn't think, i guess, it was ethical to keep people on the trial knowing some might die. >> so, jim, when these lung

cancer trials are approved by the fda, most often they require what they call a data safety monitoring committee this is a completely independent committee in our case it consists of two oncologists and one phd status and that committee is observed with if you will peeking at the data occasionally to make sure that the trial does not have some unexpected side effect or that it's clear it not going to work because in a multi year study, it doesn't make sense to continue to recruit patients if it's clear already to this data monitoring committee it's not going to be successful rarely, they will look at the data and do their statistical analysis and come to the opposite conclusion.

this happened with our brain cancer trial at what they call the interim analysis they determined that it wouldn't be ethical to continue because the data were already so good. and in essence, that's what we announced today in our non-small cell lung cancer trial. >> this is a very big market, this is not just like any cancer my mom died of kidney cancer but that was a smaller market. what you see today is something that if the -- you get this into the market, there will be many people who will benefit from it. >> absolutely. of course, that's why we're doing this but you're absolutely right. the business that we built today is a deadly cancer we built a large profitable business but it a relatively rare cancer non-small cell lung cancer is the number one cancer killer in

the u.s. and worldwide and remember, jim, our therapy is meant to be used with the best standard of care we're not competing with drugs and in fact, this trial, our lunier trial looks at tumor treating fields with chemotherapy and with immunotherapy and it's that second arm quite frankly i'm the most excited about because that's the direction that many cancers are going and oncology as you know, but immunotherapy does not work for all people and it appears that when you use immunotherapy with tumor treating fields, it more effective and it opens up the benefits to many more people. >> well, bill, what shocked me all along you and i have been talking. the great luxury of having you on when my friend passed away and you and i both know him and you know how long he was kept alive by your product, why is the medical community so slow to

endorse or understand even though you say it should be done with other therapies, how special novacure is. this is something you've been talking about for years. it seems like it doesn't get at a 20 billion dollar valuation what it deserves. >> i agree i think this really is still the tip of the iceberg because one of the key tumor treating fields it worked in every cancer type we tested in the lab and human trials but it is a fact for each cancer type, we have to go through the phase three trials that the fda and other regulators around the world require so it's, you know, at times frustrating because i know other patients or i believe other patients could benefit but we need to go through the process to prove it for each cancer but it is a virtuous cycle as we proved it in gdm it

makes the recruitment of the trials easier as we start to see great news like today's great news, it gives more confidence for the gbm physicians that allows us to grow our business and invest more so we have phase three trials recruiting in pancreatic cancer, which if you know anyone that suffered from that doisease, it's another terrible cancer and we have an on going phase three in ovarian cancer which is a leading cancer killer of women, of course we're just starting phase two trials in gastric cancer in china, which is a major killer in china and we will report soon data in our liver cancer phase two. so we're not stopping at the line we're focused on all of these terrible solid tumors. >> look, i just appreciate what everything you've done when you come on the show and more importantly, there are many people who like me, i don't -- this is not false hope novacure does not give false

hope and i want to congratulate the people that have been in the stock since 1718 when you first came on. nvcr, the stock is not expens expensive. all those different uses come true and i think they will stick with cramer. >> announcer: coming up next. >> let's make money together what do we got >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round

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it is time, it is time for the likening round lightening rr and just to be sure, give me chance to ring that. the satellite. are you ready ski daddy? we'll start with gary in washington >> caller: hey, jim, first time caller thanks for your help. >> my stock was up a little bit today. it's regeneron -- >> time for the nih and cdc to get their act together and start pushing what the doctor had which is something very quickly, i'm getting angry at them. they should be playing ball and helping people, not just throwing rocks at this, this is

crazy. i need al in new jersey, al? >> caller: this is al. my stock is bumble, bmbl. >> i'm a believer in her and what she's doing and created the stock is down. brad in florida, brad? >> caller: jimmy chill just had a quick question. by the way, i hope the eagles draft jalen phillips you guys need pass rushers i had a quick question. >> all right. >> caller: these guys would be -- i had a quick question is it a buy investment banking. >> i like coin base and i like semi let's go to jason in new york. jason? >> caller: boo-yah, jim. this is jason out of long island quick shoutout to my beautiful girlfriend danielle.

>> danielle, man >> caller: i bought a company i was on your show awhile back and had a big pull back. looking to see what you think of plug power. >> plug power had accounting issues and i'm still trying to get my arms around and having trouble doing that and i think that that's why i'd like to have andy marshall on to go over what happened here. i need to get to the bottom of the accounting irregularities. let's go to steve, steve is in thy home state of new jersey steve? >> caller: hey, jim. steve with a big three stuges boo-yah, boo-yah, boo-yah. >> yes got ya >> caller: jim. >> hey, is that the sun? go ahead >> caller: call it by the stock you covered months back that i subsequently bought during a phase three trial for a drug

that treats schizophrenia. i want to double down and buy more and hopefully create good karma for those folks who would benefit from this new drug what do you think, jim >> taking dr. larry, okay, look, this is very serious illness nobody has been able to crack it it would be unbelievae if the could. it a descent speculation i would have a little on but i hope they can do it but nobody has been able to crack that one. i think it would be very, very difficult. my heart goes out to anybody whose family member or anyone watching now i need to go to mary beth in florida, mary beth? >> caller: good evening, jimmy how are you? >> i couldn't be better. how are you? >> caller: i'm fabulous. thank you. it's sunny here and life is good i have a question for you concerning warehouse service. >> yes. >> caller: give me your input on that, please. >> it's finally moving for

heaven's sake. it's been such a dog for so long they do one thing that's right and stayed in the lumber business that is on fire you can hold it but i do worry that that particular commodity if we make a deal with canada will go lower. i need to go to mike in virginia, mike >> caller: jimmy chill boo-yah! >> oh, man, hit me hit me hit me again >> caller: yeah, baby, boo-yah [ laughter ] >> i like that. >> caller: glad to see you're back in the saddle, my friend. my brother bobby and i refer to you for investing. here we go. >> well, thank you okay >> caller: got it. so my position with the cannabis leader ticker apha, tanked after yesterday's lackluster earnings call which sent that stock downward in a hurry. as you know, tomorrow both shareholders will cast their votes on whether to merge or not

and could create the world's largest international cannabis company. so that said, here is my question for ya. >> okay. okay okay >> caller: provided both sides approve the merger vote, would you ride the short term wave, take-off profit and close out or go long? >> i'll be honest. the last quarter isn't what i wanted erwin simon is good but that is not a good quarter if it gets a pop on the finish of the merger. >> sell, sell, sell. >> that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade cramer reveals a piece of timeless wisdom. find out where something goes find out where something goes after it goes up

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where did all the buyers go? happened to the enthusiasm for fuel cells and gambling and spacs and disruptive technology? did the people who loved game stop and amc more than life itself somehow vanish into thin here some of this is just the sector rotation with money managers doubling, those formally hot stocks for the great reopening plays but that doesn't explain where all the newly empowered individual investors, remember,

the da mocktized investors part of it is buyers got too aggressive the stocks were doing so well people switched to call action with juice were bought with borrowed money when things started to break down, they had no staying power. just like when it got the margin call of a lifetime there wasn't much capital so they couldn't put up more money because it's what you have to do when you buy stocks on margin and they get hammered. for the ones that bought call ap actions, their margins were completely wiped out that's quite the learning experience, isn't it i think it explains why the new stimulus checks didn't lure many people back into the wall street casino they worked through their way of the five stages. remember i kept talking about they worked through the five stages of sell off grief and acceptance in their case acceptance means

buyers that got burned sat on their positions and many were cut in half until they came back at some point in the future, that's what they keep saying and drives up the buying because they're not in there buying. many of the new investors left the stock market and went on to many other things like bitcoin itself which is a chief reason why a bitcoin dealer like square performs so well some of the younger home gamers might come back to the market for the coin base direct listing tomorrow for the spacs, well, i think they killed themselves with too many offerings we had an insane number of spac deals and most can't be winners because there is not enough money to go around the losses started after churchill capitol snapped up lucid motors and saw the stock crash because the tears of the dealless ead ventageous. be skeptical of $40 billion spacs that were just worth $20 billion in their last financing.

of course, the electric vehicle plays might have held up better if tesla stock hadn't collapsed. that's a tall order given the rotation it's never too late for tesla to rescue some electric friends but let's face it, i think tesla should be bought, not necessarily the others how about the stocks like gamestop and amc it might make right in the stock market, might make right if you just get enough people together and buy something on mass, can't you push up the price? especially if there are a lot of over extended short sellers to bust but stocks aren't just pieces of paper, people. they are attached to enterprises that could issue new shares as long as game stop's management chose not to do a secondary offering and issued stock to the public, they can claim ryan co-c cohen believed the stock was under valued and when gamestop filed 3.5 million shares with

ryan cohen's blessing, that went out the window they were behind this spent months telling each other that anyone who sells is a traitor or a coward to the cause. so they saw this offering as a stab in the back doesn't matter that game stop needs the money if they want to pull off a dramatic turn around. for amc it's the same story. when they approve an authorization to create 500 million additional shares, it's tough to call the stock under valued, isn't it the savvy chief and executive s the chance to raise money. the guy needs capital. why wouldn't he do a fundraiser with the stock up 400% he'd be nuts not to. in the end, these younger investors feel abandoned they don't know what happened to the gods of momentum they were fickle, not false. just fickle. the people that started chasing hot stocks just want their money back just like they get a refund

if they bought a broken vacuum cleaner but it's not a best buy. it's an institution meaning buyer beware i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. m m m m jijii'i'cramer see you "the news with shepard smith" starts now people gather for the third night following the shooting death of daunte wright and at the same time curfews announced in multiple cities across minnesota. i'm shepard smith. this is the news on cnbc pause on the johnson & johnson vaccine. >> it allows us to take a look at the cases and learn more. >> the science and the concerns. plus, as covid cases rise, what this means in the race towards herd immunity. resignations the cop who shot a 20-year-old black man and her police chief both quit. tonight the victim's fam