put $250 price target on dollar general in march d g. >> thanks for watching "fast money" we'll see you back tomorrow at 5:00 for more "fast money. meantime "mad money" ar rhtowsttsig n 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. call me at 1-800-743-cnbc or tweet me @jimcramer. the word i've been searching for and that cult like attitude

suddenly got me a little worried because stocks ultimately are pieces of paper. after a day where the reopening trade reasserted itself, the dow gaining 54 points and the s&p lost.4% and the nasdaq dro dropped .99% i got to address this dynamic. what do i mean there is a cohort in this market that seems to believe you sell anything at all. >> sell, sell, sell. because owning stocks is a cause, a cause in selling means you're betraying that cause that's what i'm seeing right now, right now with the blinding light of the crypto currencies, any crypto currency starting to make you wonder if they are on mental quarantine and their ability to ignore any sign maybe enough is enough we saw the behavior when the wall street bets turned the tug-of-war of gamestock into the

longs and wick ed short sellers in part because they demanded feelty to ryan cohen, the co-founder of chewy who took a big position in gamestop and will be the chairman of the board there. these reddit revolutionaries cheered his move and silence and when they broke the shorts, the stock briefly climbed to $400 before people ran the register, chaching the gamestop bulls, any sellers at these levels. don't i know it called it from the hospital that day ripping out my catheter and told people please, please, please, take some money off the ta table. for that i was branded a fool because i didn't grasp ryan cohen's vision and i've been on the wrong side of the yolo ever since. when i urged gamestop to sell stock to clean up the balance sheet, i took it on the chin

from these people. oh my. they turned my twitter mentions file into more of a health scape than usual how dare i suggest game stop raise capital paydown debt that's what the company ultimately did today and the move was met with cheers from the same people who trashed me the stock surging 18% because the eyes of the followers ryan cohen can do no wrong. that is the thinking and frankly, i'm going to take a break from giving free advice on twitter because cohen should have paid me for the idea. we saw the struggle to keep amc alive. there is no call surrounding the ceo so when he decided to save the company by selling a huge slug of stock, the true believers felt betrayed. they wanted everyone to hold the line there is the ceo himself asking for authorization. tough to hold the line when the company is selling on mass but the amc cult is stuck with amc or amc stock

that's important distinction because like gamestop, i don't think the movie theaters matter to the people that turned owning the stock into something that feels a little too much like a religion get me jim jones on the phone, will ya? now that the behavior is taken to new heights with only true morons would sell any crypto currency, not just bitcoin but doje coin which was a joke, you become ex communicated hence the back and forth where are the sellers? we couldn't recall anyone coming on air, anyone and saying you know what? they were a seller of anything crypto maybe take a little profit, which brings me to coin base i like this crypto currency exchange i told you to buy some last night. the best payment analyst can go to $600 long term, long term and i agree with him i also worried that this would be so powerful it would cause all the true believers to sell

whatever was necessary to raise cash for coin base or anything else crypto because they would never sell crypto and that's exactly what happened. this is a $65 billion deal and used up a lot of money thank heavens it didn't go higher though it could have been a huge gut punch even for the true believers now, i've been warning you for months some day we'd get an ipo so large it could overwhelm the market too much supply, only so much demand it may have been coin base again, i'm not trying to smash this idle. i think coin base will get crypto currency exposure it covers the waterfront of crypto but i think the lack of sellers in bitcoin and friends has gotten it. i believe we're worshipping greed here and michael douglas as gourrdon gecko, greed is not good i admit to taking enough profits in it to play with the house's money, yes, that's right i did a little chaching in

bitcoin. listen, it's a bad idea to turn your portfolio into a religion when you get messionic about money, maybe you're a single buyer or crypto tokens, that's a good one for fort knox of crypto or game stop and you ignore everything else around you but i approach stocks with my eyes open and none of them can prevent things from going wrong like the price of oil which today was not tame at all and needs to be tame to wake up the real devil of inflation. if oil keeps climbing, that's what happens, okay you get the bear and i have to tell you, that's going to force the federal reserve's hand to raise interest rates the moment we get a couple descent unemployment numbers that's going to change the landscape. a real move higher in oil, not just a spike would drive all producer prices much higher especially if a commodity like plastic and lumber don't come down soon. oil can't be the leader. it has too many followers,

sorry, no followers and let me tell you something as much as i like pioneer natural and chevron, i don't want this group to be on fire because it's bad for every other group. yesterday i said we were selling stocks for my travel trust because i was worried about the market i brought up concerns including we saw too much supply from the ipos the people that refuse to sell crypto are sucking cash out of every other asset class. we sold a ton more stock today, something you can follow at actionalertsplus.com club and take action before i do. i thought we had to. am i saying the market is in trouble? no i saw terrific things happen and goldman sachs reported a fabulous quarter to make me think this stock could go to ho -- $400 the ceo of wells fargo told a bad enough story that there is now plenty of upside as he works his magic to make the bank better than it used to be. low bar but i'll take it again, coin base is a real company with real controls, real customs and real earnings.

i like the stock here. but i can't verify it. that's just wrong. as wrong as the people who believe gamestop will stay strong as long as they chant hold even if it means they have to sell everything else the bottom line, right now, coin base, crypto currencies, none fungible tokens, they refuse to sell so they are dumping everything else they own instead and that's putting real pressure on the rest of the market and that, that is not a good sign. let's go to anthony in new jersey, anthony? >> caller: hey, jim, how are you? i'm an action alerts club member and my stock is lockheed martin. i purchased it on weakness last week based on the chart. the weekly chart and aerospace industry what do you think? >> it's jim and remember him from american tower and we think he's just money. i like him he's got a 2.6% yield and great order book i say you're absolutely right.

hold on to it and buy more if it comes down carter in virginia, carter >> caller: jim, it carter. i want to get your feelings on freeport we have the earnings next week and a good gold man report today. >> yes, we did the stock is up very big today and i got to tell you, i'm a little concerned rich is very conservative when he speaks so when he reports, he may actually knock down the stock himself. nice guy, though anyway, the true believers in these cult like assets refuse to sell no matter what and i think this thinking will ultimately prove to be a bit of a dangerous sign all eyes on the coin base ipo, i think it's time for an ipo oh no we're revisiting tech ipos where it was proven right and time to pump the brakes. i'm including you into five ev spacs that are guilty of hyperbole and explaining why you should steer clear and we know covid changed the face of the restaurantindustry but how soo

will we ge normalcy i got the pa narcnara founder ar technology so stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to "mad money" at cnbc.com or give us a call at 1-800-743-cnbc miss something head to "mad money" dot cnbc.com

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the high end of the price range and pulled back giving you a better entry point it the perfect time to circle back to last year's most important deals to see what went wrong and what could go right. there was something tragic about the ipo market and you had a host coming public and they were turbo charged for the most part, the prices were too high often way too high i try to keep an open mind on valuation when you talk about disruptive valuation plays and spectacular financials but some of the price to sales ratios got uncons unconscionable time after time i give you the same refrain, great company, bad price. so try to get it at a lower level. try to get it at a lower level i know, i was sick of it myself. that makes me sometimes look like a clown at least initially the ipos from the class of 2020 spent the last couple months rolling over

which is exactly what i was most worried about. if you listen to me and you kept your powder dry, this market is giving you the chance to buy at lower levels so is it finally time to pull the trigger or should you keep waiting for additional downside now that the former high pflyers have gone ot of style let's take a look at last year's highest profile deals one by one. many of these may have really stung you but that's okay. we got to face facts here. we'll go over the highest profile deals that i chimed in on and we'll start with ncino, little n, big c, you've seen them twice on the show they are a provider of cloud base spanking software on the first day of trading last july, ncino surged to $91. i said uh-uh, o expensive. i recommended waiting for a pull back before pulling the trigger and watching in horror as it

zoomed to 104. the stock spent the next six moments working lower bottoming at $57 that was last month and you know what that was your buying opportunity. since then ncino rebounded to the low 70s. after speaking to the company several times on the show, you have my blessing to dip into it here but thereand i wouldn't put on a serious position until it retreated to the mid 60s but their stuff works. banks love it. snow flake, the phenomenal data warehousing play with a tremendous triple digit growth rate this was a wakeup call because last september it traded at 100 times sales. i urged caution and got more comfortable with the valuation before telling you to ring the register at $300 that was back in january well, now, now, snow flake is at 229. that's down $25 from where it opened on the first day of trading. some of that is due to the rotation some of it is because there is no more lockup on insider

selling. i would love to get more bullish but out of step with the market so why not wait for it to pull back to just, this sounds bad, just 50 times sales which would put the stock at 190 where i wo would. since september, i noticed the name sounds dumb but j frog came public this is a software developer i was adamant this was way too pricey from get-go trading at $64. j frog is now at $52 the valuation is a lot more reasonable at these levels but again, there is no rush with these software stocks. i like it even$$43 or 20 times sales remember, these are sales, not earnings they're expensive. all right. next up is amwell, the telemedicine play. i told you to keep your bat on your shoulder because a bet on amwell was a bet covid is sticking around longer than

expected i felt it to be more enticing in the high teens the stock had a phenomenal run making me look like a dope what doesn't the great reopening trades gone into full swing, well, this thing lost more than two-thirds of the value even down here, even at $17, i'd stay away from amwell because it's too much of a lockdown stock. there is good rx, that's one of these things i use a lot the fabulous prescription drug comparison tool that can save you a fortune on your meds wait for lower levels last september. since then it's been kneecaped by amazon getting into the pharmacy business followed by the rotation of the reopening stocks and a big lockup expiration you got my blessing to speculate in this one now that it's been knocked down to the high 30s yes, any pull back from here i am saying it's a buying opportunity. on the last day of september, we got a pair of direct listings, one of them making work management software.

this is a real roller coaster but i didn't like the fun fundamentals last year and still don't. paying 18 thyimes sales sometimes we're too conservative lemonade came public in july they used artificial intelligence to disrupt. i told you to wait for a pull back below 50 and that's what we got two months later after that the stock took off and while it got crushed over the last couple days, it's down 50% from the peak, it's still up from where it started trading. i love lemonade, the company half the staff uses them but they're losing tons of money and the stock sells for nearly 50 times sales not earnings sales. can't justify paying more than $75 for the $89 stock. my biggest misfrom the class of 2020 is unity software, which has a whole video blame platform they license to developers on the first day it closed at $68 and i wanted to wait for a pull back below 50

it never came. unity soared to 175 at the peak in december. it's been crushed at 101 it's still a winner at this point i'd rather own the newly public roblox which is profitable and substantial discount then there is the much beloved palintir the stock went to $9 and change on the first day but that was a guarded recommendation this became a meme stock jumping to $45 at the peak in january. since then pulled back to $24, though, what do you do with it i think it's too much of a black box to get a real read on the business so be careful i feel a lot more confident if it pulls back below $20. finally, we need to talk about door dash and airbnb and double digits

into the travel trader and at this point they both come down it a lockdown stock. i am a huge fan of airbnb because it's a reopening play. still, airbnb will be hit up with an expiration stock at $175. if it came down below 157 and back up the track to get it closer to 117. that would be a gift the bottom line, though, it's hard not to chase these red hot ipos out of the gate, isn't it as we saw from the class of 2020 and from coin base today, you'll often get a better price if you're patient enough to let them pull back a few days, few weeks or even months later stay with cramer >> announcer: coming up, should home gamers be wary about too much of a good thing

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♪ ♪ petco. the health and wellness company. all right. now that the spac attack has turned into a full on spac retreat, a two-month rally where most of the special purpose acquisition vehicles have been shot to pieces we need to talk about what went wrong. you listen to my warnings, you would have rang the register before the rollout but a lot of people trieded to ride this out and now they are paying the ultimate price so tonight, i want to show you what makes these spac deals so dangerous. don't get me wrong, there are hundreds of these deals and some of them are actually totally legitimate stocks that are worth buying into weakness. the whole process is about skirting ipo regulations to

protect investors so you need to approach the things with at least an extra dose of speck sis -- step 'tis sis m. he's about protecting consumers even from themselves and that's exactly the kind of protection we need from the spacs i want to highlight five of the most egregious examples from e.v., electric vehicles alone that came public from a spac the whole group is hammered by the rotation out of speculative growth stocks, they are also way down as the dreams that were pitched to investors last year slam head first into reality in other words, i'm talking about spac hyperbole where companies made promises they could never keep and in some cases had no intension of keeping so let's take them down. we'll use david letterman style. number five, well, let's see, excel fleet which bases power trains systems for hybrid and electric trucks. this hits too close to home

because we had them on the show in early march the short sellers with muddy waters research released a devastating report where theyii pipeline and making up the sales pipeline making it up all right. this is something that night before and he dedpflegcted rath than giving us an orange management's response was disastrous, excel fleet just quibbled over definitions. then, when they reported at the end of march, they slashed the forecast just as muddy waters would have said. excel fleet had 75 million in sales this year is out the window now they are willing to provide guidance for the next quarter.

no wonder the stock is cut in half i'm surprised it doesn't down more the company with the platform for electric vehicles going into the spac merger in december, these guys told the world. they wanted to sell technology and a plan, forget the consumer. they want fleet and commercial vehicles, buy, buy, subscriptions and buy, buy, selling technology and happiness. at the same time, cfo stepped d down even worse, they pounded the partnership with hyundai but they say they are deemphasizing the enga ineering business, tha' not what shareholders signed on for and the stock has sunk from

15 to 9. i can't blame anyone for wanting out they have answered the time tong twister, canoe, canoe, canoe. no third, lordstown motors. here is a company that set up shop in a gm factory with the goal of making an electric pickup truck great narrative. but last month the short selling research firm published a report that called the order book into question and the stock has been dropping like a lead balloon since. the most important allegation, lordstown ceo steve byrnes kept toting he had a 100,000 preorders. hinder burg called them fiction. what is a preorder when is an order not an order? when it's a lordstown order. he also climbed the company is much further away from production than we've been led to believe

management says they are on track to make them by september but at this point, i wouldn't take their word for it number two, moromeo power. this looked promising. they are in the same business of the scrape but it turns out romeo is the over promise. romeo, where are tho beats the heck out of me the fourth quarter numbers last month with initial guidance for the full year, the numbers were horrifying in the leadup to romeo's leadup to the acquisition, they made a bullish forecast talking about $140 million in 2021 they are guiding from 18 to 40 million a split there. and supply listen, i know that there are supply issues in the auto industry but 140 million number was from six months ago when a

company slashes the revenue forecast for 80% let's say that raises eyebrows at least romeo gave you a chance to sell. the stock spiked 60% but has given the gains and not a lot of trust the most egregious example, nikola this is the one and open the flood gates. a few months later a few months proved to be true. nikola talked about making all sorts of electric and hydrogen fuel cell power tracks but many were in the concept stage. before we learn that they were purchasing many of the components they claim to make in house. they announced a huge collaboration with general motors but gm wasn't committed

to doing anything and after the report, they backed away from most of it the former ceo was incredibly promotional and claimed nikola had trucks quote coming off the line end quote in germany. maybe the most ridiculous was when nikola doctored a video to make it look like the truck was moving under its own power when it was rolling downhill. one thing i'll say, they must be strong to push an 18 wheeler enough to get it rolling downhill impressive feat. now that nikola has new management and the stock plunged to $12, there is case to be made for owning it for speculation. the point, though, is that when these spac plays say something that sounds too good to be true, it's probably too good to be true honestly, it's hard to stop at just five of these because there are so many other examples of spac so i'm putting everyone involved in this process on notice right here right now. we are bringing back the wall of shame and spacs provide a lot of

shame mill the spac managers who orchestrated these deals should be embarrassed the bankers should be embarrassed. the ceos who agreed to the first merger should be embarrassed but i think they are laughing to the bank and regular investors like you have been spaced, spaced with a 2 x 4 however before we add names to the wall of shame, i'll give everyone involved a grace period if you work on a deal, you're a banker you have a few more weeks to rip off the band aid and level with your investors after that i have a particular set of skills that makes me a night hmare for people like you after that grace period ends, i'm coming after any spac play that seems to be following in the footsteps of excel fleet or romeo power. because this kind of thing must be quarantined and there are no false

positives. let's take some calls. want to go to mark in iowa, mark >> caller: hi, thank you to you and your staff for taking my call today. >> my staff is so much nicer than i am. it's amazing go ahead >> caller: i appreciate the opportunity. the batteries are going to do nothing but increase in sales. there is a lawsuit filed against it questioning the product's quality and viability down about $90 from the all time high what do you think of qs quantmo scrape. >> it one of the few spacs i like he's got the batteries that will work i encourage you to buy more. yeah particular set of skills will be a nightmare for these guys some companies should consider themselves on notice i'm bringing back the wall of shame and it's for you, it's

time to get your act together. much more "mad money" ahead. i'm thinking of the technology in the restaurant business after the latest acquisition to get a better taste for the potential then, i said it before i'll say it again. own apple, don't trade it. i'm slicing into an analyst comment on the stock's performance and giving you my take on how to approach it and all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer it used to be that brainstorming required a whiteboard and squeaky markers, but when you have devices that let you collaborate in real time from anywhere, the future works better. microsoft surface devices with teams, orchestrated by cdw enable employees to stay productive when working together, with high-quality audio-visual features designed for natural collaboration.

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i'm excited about this week. last week par technology that makes technology for restaurants and retailers announcing a deal

buying a company called punch for $500 million in cash stock punch, with two hs by the way is a market leading engagement program, a.i. based marketing. this deal improves the sweet of software service cloud based offerings. the transaction got financing arrangements, they brought in backers to help it raise the cash including an old friend of the show, the founder and former ceo of pa narcnara bread if he is on board, i want to be on board because when it comes to the restaurant business, this guy is money good. and he's not just on board he's joining the board of directors. don't take it from me. let's check in and the managing partner of the holdings, welcome to "mad money." >> hey, jim, how are you doing, buddy? >> so good, how are you, nice to meet you so good to hear from you, ron.

i'll start with you because ron, i don't know if people knew but you had the most successful loyalty program in history at panara but you don't brag and you know the customer. let's talk about what you're bringing to the party here and how come you're so excited to join the par technology group? >> jim, before we do that, let's talk about why i'm so excited to be on your show. i decided to go with the cramer look in isolation. what do you think? [ laughter ] >> i like it i like it a lot. it's -- [ laughter ] it's certainly my look so what is happening >> i decided i'd take the cramer show take the look. all right. so here is the deal. you're speaking to, he's been ceo for a year and a half in this company that's nearly a half century old in the last year and a half the stock is up four fold. more importantly, you have a situation where we're coming in,

t.rowe price is coming in and the founders buying punch that are taking this acquisition to cash and investing it and holding in equity. this company has the potential to really dominate in enterprise class restaurants offering what is the holy grail of technology in this industry, which is essentially unified commerce to have one system, the heart of the system that flows throughout the restaurant it's what we've been searching for in building digital systems. it what par delivers. >> well, let me ask you to just give a little background here. i'm looking at a 20-year chart of your stock and dprafrankly, did nothing for 20 years and then you got there what did you do to make this company into a growth company? >> you know, i think par had a challenge for the last 20 years as you mentioned but one of the smartest things it did was

stumbled into a great a acqui acquisition. we decided to focus on the software business and more than anything else, a higher talent we went out and said we want to be a great business, we need to find the best talent in the world to come to par much of the last 18 months to a year has been focussing the allocation on software and rebuilding the entire management team from the likes of google, uber and trying to figure out how do we attract the best talent and retain the best talent and build the best product. >> you certainly have been able to do that ron, i know that panara was a tight ship and a great enterprise company the one thing i know the companies that par is looking at and working with, ron, these are companies that need you and need loyalty programs but explain to me what par does that is so different, say, from what square does which tells me they have

the best point of sale system. >> here is the deal, jim we've been trying for over a decade in the restaurant industry anybody playing the game is trying to build a unified system what we have is multiple different disparaged systems we have customer systems we have loyalty msystems. we have p.o.s. systems we have delivery systems it flows into one data warehouse and we need to disburse that information into kitchen displaced systems and the like what par is building, what he and his team's vision is one unified system the problem we've traditionally had is these systems, these individual systems didn't talk to each other. the problem that enterprise level companies from 30 stores up to two or 3,000 had is they didn't have the scale and technical skills to properly integrate this so inefficient and ineffective.

what par is offering thed works far moref effectively. >> you're absolutely right i know you're at the enterprise level, not the level i am with our two restaurants that will open we have four different inputs, ron. it exactly as described. you're trying to run a business. when you tack o bell or five gu, you can't do this. you have to have this service. this could be huge. >> you said it walk into a restaurant you're going to see one tablet for uber eats, one for door dash, one for the register it's craziness and it's all different information and nobody controls the customer and none of it speaks to the kitchen. that's the challenge what par is offer is that an integrated way with this acquisition, we're bolting it together and the reality is that this is one of the most powerful opportunities that exists in restaurant technology. this is the sweet spot this is the heart.

>> as someone that owns two places, i got to tell you congratulations. this is it i mean, i thought my four systems, you're big enterprise but you stock is way too cheap from what i've heard and you got the best guy on your board imaginable thank you ron, i miss ya so much. >> mitss ya, too. >> ron is the founder of panara bread and has my look and par technology ceo up 400%. forget about it. i need what you guys have. "mad money" is back after the break. >> announcer: stick around. >> may i make a suggestion i would stay with cramer. >> announcer: the lightning round is coming up next.

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it is time, it is time for the likening round buy, buy, buy, sell, sell, sell and then the sound and then the lik lightning round is over. are you ready, ski daddy let's start with cb in texas. >> caller: how are you doing, jim? >> i am having just a dynamite day. how about you? it's good. >> caller: doing great i'm a long-time fan and a big admirer and you're my hero. >> thank you, man. thank you a lot. >> caller: yeah, you're welcome. and yeah, my stock i wanted to get your thoughts on is kuys, key sight technologies.

>> i know key sight. this is red hot and i really like it. it deserves to be electron in this case measurement services very hot business and i like it. i got to go to dan in new york, dan? >> caller: hey, jim, this is dan in saratoga springs. i wanted to ask you about -- >> total spac. total spac just a complete spac the only reason why you should buy it is because it's a spac. it is not, it is not necessarily a great company. all right. i need to go to dave in california, dave >> caller: jimmy chill thanks for taking my call. first time caller. >> chill man here. >> caller: my stock today is pay safe it went public about two weeks ago on the 31st of march and stock has come down quite -- about 11%. i just want to get your thoughts on going forward and -- >> okay. this is a bill foley company

it's a bill foley company and i believe in the company some people don't believe it has enough special technology. i disagree down 10% i want to buy. there is a spac i like if i hated every spac -- i don't. how about franco in new york, franco >> caller: hello, sir. hey, hey, how are you doing? >> hey, hey, what's up >> caller: hey, hey, quick question what do you think about this st stock. >> i have to read how amd will be crushed by intel and i'm getting really tired of the narrative but the deal -- i like it let's go to mike in kentucky, mike >> caller: boo-yah, jimmy. it's mike from louisville. i'm asking about -- >> all right >> caller: symbol is hgn they have a game -- >> yeah, no, be careful. this is a big twitter stock

meaning i'm constantly being harassed to recommend it and because of that i can't do it but i have to tell you, look, it's an antibody, you want regeneron and so should the cdc. why don't you make it so nobody gets a vaccine and nobody uses it when they go to the hospital and rain the impending doom. let's go to scott in rhode island, scott? >> caller: what's going on big boo-yah from rhode island. my stock is tmdx. >> you know what i happen to be very -- this is about end stage organ failure patients and transplant and i happen to know i'm doing a fundraiser for a charity that does this it very, very hard and i'm going to say it's not going to be -- i don't think it will be a profitable business any time soon. well, and that, ladies and gentlemen is the conclusion of the lightning round.

>> announcer: the lightening round is sponsored by td ameritrade coming up, how did a lost watch fortify one of cramer's most reliable pieces of market wisdom find out when "mad money" returns. hinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade.

yesterday someone stole my

apple watch. i go into the grocery store with my wife lisa and when i got home, it wasn't on almy arm i thought i took it off for the lightening round nothing there. i freaked out. you would have thought somebody kidnapped my dog lisa came down to deal obviously disturbed husband and wonder whether to call the police, she reaches under the chair and says this apple watch? imagine an animal getting hit with a trang wiser dart. that was me. i bring it up not to highlight my wife is a saint for putting up with me, goes without saying but to show you how much apple, the watch, the products mean to me and this is why i'm always telling you to own it. don't trade it about two weeks ago a very smart analyst was on cnbc. he had been asked if tesla or

apple were worth holding on to given they were down 15 and nearly 10% from the highs respectively tony eloquently explained how they got too high saying the top 20% of tech stocks were trading at 17 times revenues so far, so good. then he said something that nobody will remember, nobody but me and i quote, i will be looking to sell, to sell positions in tesla for apple i'm not sure there is a catalyst to the next six months end quote that's a problem for tony because quote, it's valuations are seven-year highs end quote he then traced out all the good news that we got last year and how it meant apple would be up against difficult comparisons. i'm not going to give him a hard time about tesla tesla is a wild trader but apple, tony should know better his comments are the textbook reason i say own it, don't trade it evening he

everything he said about apple is true. he's terrific when it comes to facts and figures of companies and too compelling he speaks with great authority about apple, apple the company but not the stock and the stock is not the company, people you're going to have a rude reminder of that if you chose to sell it at 119 because it's now at 132. that said, you shouldn't be angry at tony if he convinced you to give up on apple. you should be angry at yourself for thinking you could somehow get out and then get back in at a lower level six months later we don't know why apple has been roaring. the truth is we almost never do but it's precisely because of this clinically dismissive call i tell you to stick with it and not be shaken out by it. you might ask how could i possibly know more about apple stock than one of the best analysts on wall street? i mean, i'm a guy that covers hundreds, thousands of stocks. he is a specialist who covers the most important texts i'll tell you why i have a better understanding it's products like the watch

you see, i can't live without this thing like the iphone, it's how i live my life. even as i went with brighting for years and years, when i thought it had been stolen, i was trying to imagine what my next day would look like without it and i real lize i bought as n accessory to see if it worked became a necessity something i couldn't live without. and the bright link is in a drawer tony is smarter than i am. he is. he's got a better read on apple, the company. he does. i know apple the watch or apple the mack or apple the ipad not to mention apple the subscription bills i pay without even noticing. they're why i've been right about the stock for years while so many genius skeptics have gotten it wrong all the way up with the endless buys, the holds, the buys, the sells and the trading advisories, they spent 20 years out smarting themselves so the next time the sirens of

selling come for apple, tie yourself to the mass keep your watch on because they're almost always going to lead you a stray i like to say there is always a bull market somewhere and i promise to try to find it here for you on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now crowds build in the minneapolis suburb where a cop shot a 20-year-old black man dead, preparing for another night. i'm shepard smith. this is the news on cnbc her boss said she meant to fire her taser but fired her gun instead, kim potter, arrested and charged in the death of daunte wright. the defense calls a medical examiner witness. >> mr. floyd died of a cardiac arrh arrh arrhythmia. >> so the knee to the neck of george floyd played no role? >> day 13 in the trial o