that you didn't get to increase your dividend but you still have your buybacks and there is great value there. >> on thursday, you said the islanders had a 20% chance of -- to win and they lost good for you, melissa lee. bio gen, it did what it needs tnks >>hafor watching fast. "mad money" starts right now. >> my mission is simple. to make you you money. i'm here to level the playing field for all investors. there is 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 my job not just to entertain but educate and teach so call me or tweet me @jimcramer. sometimes this market divides itself into categories that are just mind blowing. today was all about old versus

new. and covid variants that kill versus variants that are meaningless. and that is what drove the dow sinking 151 points, advancing 23% and that's a new record. the nasdaq gained 0.98%. holy cow i got to break it down for you let's start with the old i think a lot of you are confused that the dow could be down and the rest of the market could be up. for weeks on end the leader, oil. the oil complex has roared stocks haven't given up as much as the price of crude, right the producers aren't drilling as much as they used to after a long history of reckless spending they pledge to be prudent, and they are. the oil companies are trying to be better corporate citizens

which means cleaning up the environment. when a group of climate insurgents want to proxy fight against exxonmobil they got religion on climate change that has been good for the stock because less drilling translates into higher oil prices with crude down a oil, everything the oil just got obliterated. exxon i exxon no longer in the dow, chevron down 3%. so chevron first negative. second, the boeing saga. the federal aviation administration is taking a hard line with boeing to say the least. i was excited about the possibility for the united continental order to be announced. then i discovered that the 777 model has issues i thought that was okay? now the company is adamant there is no need to worry about the push backed timeline i think this is more about the tenor or the terror.

the faa must despise these guys. after all the recent safety issues can you blame them? the industrials need boeing. it's too important to the group. new that the aerospace kingpin has two strikes against it, another project in trouble and no china orders in sight, they will strike a giant equity offering if you like boeing, please keep your pall powder dry. i am not talking my book we have the new covid variants to consider. do you want to travel before you find out whether your vaccine works against the strains? if a mutation can break through, that's bad news. hence why the airlines and cruise lines are down today. and the $5 million equity from carnival didn't help now, marriott dropped four bucks on this. that's a ton of points

it's giving you buying opportunities. how could you not like american express down more than four points here? there is a lot more to amex than just travel overseas how about the infrastructure bill that was fabulous for a host of industries, but only if you can pass the senate. on friday it looked like president biden might have killed the bipartisan package, that the democrats could try to pass on a party line vote. he walked those comments back somewhat i think things will work out the steel machinery sucks. they can't withstand this huck up so their stocks gave up the ghost. just contrast every company i just named with these new names in the nasdaq. okay i mean, start here with intellia just accomplished something incredible, gene-editing treatment to combat a rare genetic disease that impacts 50,000 people. they had a small study

only phase one, but stock shot up 50% on the news regeneron is a partner on this, but they pulled back today crispr, similar experiments and their stocks soared today. these are huge holding of cathie wood's revolution etf. like tesla, she believed in gene-editing early and often when we got that way hot consumer price index number in mid-may and wall street decided the fed would have to destroy the economy to save it from inflation, they have tremendous momentum if it's exciting, it goes higher even if it's already got a seemingly insane valuation right now the valuation is irrelevant that's not supposed to happen but it is. these companies have something special. right now wall street likes special. how about nvidia

jumping 5% on the possibility that they will be allowed to acquire arm holdings the big money is betting against the steel. remember, they dominate cpus they think it will be blocked. the semiconductor industry hasn't been supportive either. they don't want nvidia to be more powerful. but this weekend we learned that marvel tech, broadcom and media tech are all onboard with the merger they view it's anti-competitive seems ridiculous to me personally as they have very little overlap in their product lines. i was worried the london-based arm could lose engineers to california so the british might try to block it. but nvidia's ceo plans to go on a hiring binge in the u.k. w that leaves china's potential obstacle most people thought china would block the acquisition of an

israeli company. while they dragged the chinese, dragging their feet, they let it you go through i bet it happens this time wall street is starting to agree. it pole vaulted to 38 bucks, the highest nvidia has jumped. if you go to my feed, you will see. paypal is about to every the go ahead to sell things on their personal venmo account for a fee. as i think that connection is at best tenuous, next up when tesla is hit with a big really in china, 285,000 cars is big, you have to figure the stock is crushed, right but this is in tesla we trust market and tesla grows instead the stock rallies up 2.5% amc, "fast and furious" movie. what happens jumped 7.5%. i think it could be a buy. how about facebook with a big

win over overreaching federal trait commission sending the stock up 4% and propelling it into the trillion dollars club and finally, etsy jumped 7% today. now, that may not sound like a big de, but el 7 has 50,000 sellers, eight million items to sell more on etsy later i know it seems simplistic how can a new company have a halo while the others have pigpen-like you're a capital return plans this evening, seems sweet maybe that's too boring for the buyers we are an environment where the bulls like excitement and people want companies that are cool even if you think cool is a stupid metric, right now the market disagrees i want to go to deepak in texas.

>> caller: jimmy, booyah. >> what's going on >> caller: i am a fan, jimmy i would like to thank you for the valuable opinions you share on cnbc. really great job thank you so much. >> thank you so much what's happening >> caller: my question is regarding alibaba. how does the second half of this year look like to you? is it going to bounce back to the 52-week high or will it take more time? >> i think goes higher they are one the ones that the government seems not to mind at all. i also feel that by the way that didi could be good this week when it comes public carl in mississippi. >> caller: booyah, jimmy. >> year ovo, what's happening? >> caller: thank you for taking my call and thank you for taking us to school every night of the week. >> i do my best, man i have been around for a while and i hope my knowledge helps. let's go to work. >> reporter:.

>> caller: my first coming in september, grayson this stock has a market cap of 330 billion with a dividend rate of 2.6 looking to build a long-term holding. jim, what are your thoughts on procter and gamble >> it's a solid juteout right b. revest that dividend but put more money into it over time tha stock is a winner. alex in new jersey. >> caller: jimbo, my money man. >> yo. >> caller: i am a member and yyo work tirelessly, man i can't keep up with all the information. >> i keep trying to send those bulletins out, thank you, partner. >> caller: my question is about citi bank. i bought it a year ago i am up about 20%. sorry, 70%. >> wow. >> caller: the ratio is still relatively low inflation is, i think it's going up people say it's transitional

i don't think so i see prices going up, wages going up you know about that. that means inflation -- interest is probably going up, which is good for banks, right? >> citi, we have capital return plans and citi decided to keep it unchanged i would have expected better it's inexpensive but i don't think it's necessarily going to go up as much as i would have like had they been expanding the buy bank congratulations. don't be greedy. all right. out with the old and in with these new stocks the people in control of this market want companies that are cool so take note more "mad money. one cyber company created a vac solution for ransomware. and 240 ipos this year could it continue? i have some good ideas for you to make money. and etsy is soaring after

announcing ex manning in latin america. i have the ceo so stay with cramer. >> 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" @cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. ♪♪ it started with an idea... and became a new tradition. ♪♪ this is financial security.

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so far this year we have even audacious cyber attacks hackers take oil pipelines hostage, shut down the supply of

gas to the east coast. companies need to spend more money shoring up digital defenses which brings me to deep instinct it's a leader in deep learning they use artificial intelligence to prevent cyberattacks, especially attacks that are difficult to protect against according to deep instinct they can predict and prevent any kind of threat while covering every endpoint at a lower cost that traditional solutions. we need to learn more. let's check in with lane best, the chairman of it deep instinct to get a better since of his business in the cybersecurity space. >> thank you for having us. >> you were former ceo of palo alto, president and ceo of zscaler. we talked about the evolution of cybersecurity and cyber threats. what can deep instinct do that the others can't >> well, it's a very important point. really the first opportunity that we provide is prevention as

a service. this is a new category that we're creating i look for trends in cyber into my last two companies which you referenced created platforms that did what other cyber companies weren't doing to date. the reality of how we do this really depends upon deep learning, which you referenced already. it's an autonomous set of learning and teaching algorithms if you think back when yahoo and they began in search they required manual indexing much the internet to search. then google came along with sophisticated ar gore rhythms to search faster and more accurately the same consists comparing machine learning models used by crowdstrike. we simple confined this and prevent it when it comes to cyber threats. >> it sounds like that you have tremendous conviction in yourselves and that you offer a

ransom ware warranty of up to three million. and more important maybe is the false/positives. you refund up to 150% of a customer's annual spend. how can you do that without going broke? >> well t really is all about creating a robust prevention platform tea party could have previnted all of the critical infrastructure threats we have recently seen. we actually focus on the preexecution of ransomware where other cyber threats, you know, if you take a look, you know, in recent independent surveys 70% of cico are convinced they will are hit ransomware attacks we are so confident that we offer customers this warranty. in our mind that's what a service is about a warranty, a guarantee behind what you promise >> okay. i know you were able to lure my

friend heather, who is a partner at goldman, to come over to deep instinct to me that means, hold it, there could be a possibility of a public offering. you have raised a lot of money already though, right? >> we have, indeed in fact, we just recently raised over $100 million led by blackrock. blackrock itself had the conviction and vision of our prevention as a service platform and this money will fuel the growth and acceleration of the company. we estimate maybe 24 to 36 months to enter public markets the reality is we're seeing our business accelerate so much because of all of the cyberattacks, it could be sooner. >> now, i know i often judge a company by their clients you have nvidia. nvidia can have anyone you have t-mobile. they can have anyone how did you inquire such

incredible marquee thames? >> the nvidia acquisition in terms of acquiring them as a customer, they recognized the deep learning capabilities that we actually developed upon their gpu platform this was extremely interesting to them. and that led to a lot of other opportunities as well. the amount of calculations and sophistication in the deep learning technology is significant and most other companies really can't do that even the ones that claim they ingest malware into their cloud, they can't do this as fast as we can. >> i want to go back over what you said a lot of people i have asked, can you make the claim that you could have stopped certain intrusions like colonial most are reluctant to go there you seem so confident. do you have something that actually outwits the bad guys? >> well, in order to develop a deep learning platform you actually have to know how to go on the attack and you have to

build sophisticated algorithms such that they can outsmart the bad guys all of this went into the development. what i look for is platforms that are built from the ground up in the case of deep instinct, they actually had to design a deep learning capability based on their knowledge know-how an some unique talents in the engineering team. >> i am very excited about your company. everything i hear is it's dazzling and you wouldn't be with nvidia if it wasn't those are about the best guys there are. >> i would like also, you know, to share and leave a thought with some of the viewers imagine if moderna or pfizer created a vaccine two years ago that could have predicted and prevented the pandemic deep instinct created a service analogous to ransomware.

>> thank you for coming on lane bess. he is currently a private company, but, boy, is it an exciting private company "mad money" is back after the break. coming up, cramer tex the ipo market's temperature should you clap your hands along with the biotech boom? find out next. usaa is made for the safe pilots. for mac. who can come to a stop with barely a bobble.

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half of the year we need to catch up with the smoking hot ipo market so far in 2021 we have had 214 traditional initial public offerings compared to 242 deals in all of last year. look at this we haven't seen anything like this in ages

the u.p.ipos keep coming krispy kreme, legal zoom, d-market, the amazon of turkey, sentinel, and didi. that's the chinese version of uber coming public on wednesday. when you look at the data, what can we deduce about the current state of the ipo market? when i say we have had 214 deals this year, that doesn't include the 356 spac offerings or the direct listing plays and the ipo market is only growing more heated from here. now, regular viewers should remember that's rarely a good sign for the overall market. when you have a frlood of new deals, money managers need to sell something else to participate in the ipos. now, june has already been the hottest month of the year for ipos it's not even finished yet we have had 45 deals raising nearly $14.5 billion in proceeds and when you throw in the stocks

coming public over the next few days, that could hit $20 billion. according to the ipo experts at renaissance capital the second quarter has been the busiest for deals since the third quarter of 2001 you are talking about 20 years, that's a couple of quarters, by the way. in terms of performance when we are talking about the class of 2021 the average ipo was up nearly 20% from its offering price as of friday's close that sounds good, right? but that's heavily skewed by a handful of extremely strong performers if you look at the median, that's right, the ipo that is smack in the middle, it's up 8% from where it came public. t the gains, there is not a lot of easy money floating around in the market more troubling, there are lots of losers in the includes of 2021 at the end of last week 90 out of 214 stocks, 90 that came public this career were trading below their offering price in other words, if you got into

all these dooels from the get go you would have called lost money 42% of the time. given that we are been to get the biggest ipo in china in 'decade, let's look at this year's chinese deals they don't need to obey the same securities laws as america so you don't get the same transparency that's a euphemism for what don't know what going on now, i'm always checking the data to see if that will change. we're always getting tons of chinese deals. i love it if they started betting -- they could make some reliable money over there. it would be terrific for our viewers but they don't unfortunately, that hasn't been the case and so far this year nothing's changed. 2021, 31 chinese ipos have hit u.s. markets and on rink they are doing poorly while the average chinese deal was up 25% from the offering price as of last friday, that is

skewed by three stocks is that have more than doubled median when you look at the median chinese ipo it's down more than 7% from the offering price that's right, down yet more than half of them are down versus where they came public 17 out of 31 by comparison, the median non-chinese ipo is up nearly 123% for the year. that is serious underperformance it's not just the class of 2021. if you look at the 30 chinese ipos last year the numbers are pretty similar as of friday's nearly mhalf 14 out of 30 are negative versus where they came public of the average chinese deal from last year is up 30%, that's worse than the average non-chinese ipo from last year up nearly 64% see, these are very telling figures. the median performance for 2020 is worse the median chinese ipo is up just 4%, okay? how about the median non-chinese ipo? 32%. you wonder why i think the

chinese deals shouldn't i allowed. but wait when they go back they tend to go really bad. last year's china ipo, 10 out of 30 are down more than 40% where they came public that's hideous we have some real financial stories out of china admitly they compale in pair sot the human rights stories you have coffee. and that came public in 2019 the stock tripled from the ipo price before we found out that they were faking a chunk of their sales and the shares imp imploded within 13 months of coming public they were delisted from the nasdaq. you have shady companies with disclosures like phoenix tree holdings, they raised over 100 million in january of last year. it worked lower and a few months ago was delisted from the new york stock exchange for failing to make timely adequate and accurate discloern f closures of information to the shoulders end quote. or rlx technology.

a vaping play that has been the largest chinese ipo of 2021. surged from $12 to $35 since then it's plunged to single digits as the communist party is cracking down on vaping that was smart the company is being sued by investors for misrepresenting the risk before it became public that doesn't mean you should give up on every single chinese ipo. while a lot are low quality, there is a caveat. the larger ones. they tend to be much, much better than the smaller ones doesn't make them a sure thing but it means they are sometimes worth buying on a case-by-case basis, which brings me to the one i want you in on didi that's the chinese version of uber that's coming public on wednesday. this company has a strangle shohold on the market.

didi has huge backers, chinese tech giants like alibaba, even apple is in didi finally, based on the proposed price range $65 billion, it seems reasonable there are some antitrust concerns here. as long as they stay on the communist party's good side and it's probably hard to do but if they do i doubt they will have trouble with regulators. you have my blessing to bet on didi try to get as many shares as you can. didi now, there is one more area where we have seen a ton of deals. biotech. typically i tell you to avoid them because they tend to perform poorly that's still the case. of the 49 deals in 2021, 29 were down where they came public the end of last week that's pathetic. the fact that biotech companies are raising lots of money, well, i have an idea it tells me to invest in their suppliers. now here letter a agilent

technologies, charles river labs and veeva systems are the winners in the bull market on biotech ipos the bottom line. while the ipo market is booming here, there is not much easy money floating around so you have to be selective about participating new deals and i hope the didi deal comes at a good price so you can make a lot of money bob in new york. >> caller: jim, how are you? >> good. how about you. >> caller: not too bad i want to let you know i have been a follower of yours since you were at wor radio in new york. >> why that's something thank you. >> caller: listen, jim, the fda notified they will not -- for the new drug apparitions is this a red flag for them even though they have been approved in europe? and if they don't get approval, would you consider it a catastrophic event for the company? >> we do want -- we have been very disappointed that

management hasn't got this through. the answer is yes. i agree with you this could be very, very bad for the company. i hope they come on and explain what the heck is going on here because we have -- we are game for the capital trust. follow that by action owners plus.com but we are concerned, very concerned about rinvoq the ipo market may be booming but you you need to be selective about participating in these deals. we have much more "mad" ahead. i am sitting down with the ceo of etsy. what a performer that is find out what's going on and then memo to ceos. you can't aspire to be a meme stock. i'll explain why and your calls rapid fire in "the lightning round. so stay with cramer. hey, dad!

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. for this company picking that perfect gift is personal. craft and customization, is it the ticket to keeping investors committed to commerce the etsy way? >> a few week ago the turbo-charged growth stocks bombed and they have been roaring high ever sips etsy for handmade goods, one of the biggest winners in the pandemic area as etsy's platform was a digital lifeline for consumers and small business owners earlier this spring it was owe pilot rated into the bottom and bust cyclicals that can put up christmas day numbers. they lost 40% in two months. then that whole rotation reversed itself as wall street started worrying about a fed induced slowdown

they have surged from the mid 160s to under 200 including a monster 07% gain today some of that is a more favorable viechlter environment. earlier they announced they are buying depop a clothing resale platform loved by generation-z and they are buying elo 7th etsy of brazil and that drove today's rally. can this keep roaring? let's go to the source, josh silverman, president and ceo of the etsy, to get a better sense of the deals and plan for the future welcome back to "mad money." >> great to be here. >> let's start with the news of the day. the acquisition of el 7. what does it mean for shareholders of etsy >> i think the past year has demonstrated how valuable a business be like etsy. that gives you the strength to lean in and be investing now and the opportunity to acquire the etsy of brazil brazil is one of the biggest

economies in the world, but it's e-commerce sector is still in the very early days of penetration. so we think e-commerce is really poised for growth in brazil and elo 7 is one of the top e-commerce sites in wraz, it's the etsy of brazil:we think it's a perfect marriage. >> it seems like they have a huge number of people on it, and i'm told when i did my research that brazil is the fifth largest e-commerce market. so you have a possibility of melding the great technology you have with 1.9 million people who shop on elow 7 this is going to be, i think, additive. >> this is all about growth potential over the medium and long-term. eights fantastic addition. there is 1.9 billion people.

just like etsy these are custom, handmade are made to order items. this business is modelled after etsy it's a great opportunity for us to come into brazil and in brazil the ability to paezly online. >> shipping, all the things we take for granted in the united states are just developing in brazil so the opportunity for brazil's e-commerce sector to grow faster than the u.s. we think is very meaningful over time. >> are there things that would blow our minds because there is like in this country >> it's like etsy. it's a little more focused on special events more focused on things like baby showers and weddings in fact, those special events account for about half of elo 7's business but the pandemic has allowed that part of their business has been hard hit during the pandemic we expect it will bounce back oug out of the pandemic. it allowed their home furnishing and clothing business and other lines to develop and grow, you

know, during the past year but we think it's a great marriage because it's a lot like etsy >> well, now, we can't -- we got t take this moment to talk about d pop, a site that has captivated many, many people. my daughter, who sells on etsy, says that it is the most exciting site. we have people on the staff who are addicted to it so d pop is already a home run for you? >> well, d pop is, we think, the most exciting company in the most exciting sector in resale so resale is where a lot of activity is happening in e-commerce, it's growing super fast, and if you think about within resale, clothing is probably the biggest opportunity. clothing is the biggest category f salesforce for online and gen-z is the most exciting audience. 90% of shoppers on d pop are under 26 years old they are gen-z gen-z will account for a quarter

of the world's work force soon we think buying a brand that is the brand of gen-z and the most exciting category of resale is a great opportunity as well. and just like elo 7, it's a business model exactly like etsy it's a business model where sellers sell directly to buyers without logistics or, you know, warehouses or factories in the middle, and it's a business that faces the exact same opportunities as etsy. how do we make search and discovery work well, make trust and safety work really well, run a global payments platform work well, performing marketing there are so many common challenges with etsy is well positioned to help. >> with woould you think about ethereum younger people like it some of these goods are a little atraditional, or should that not be on the table? >> some day. very possibly. i have owned bitcoin for many years. i am a believer in

cryptocurrency i know you are, too. there aren't enough people who have it and want to use it every day for tender for that to be something that we would prioritize on our roadmap today. most of the people who own it are using it for investment. but at some point i hope and i think you probably hope that cryptocurrency becomes widespread enough and becomes a common form of tender and is something that people are regularly asking for at that point we would prioritize it on our roadmap. >> one last question i know you care about the rainforest and the ecosystems. is there any way that elo 7 can do good now that they are live with you for the rainforest? because we know that brazil has such problems. >> it's heartbreaking what is happening in the rainforest now. it's one the biggest challenges we face in terms of global climate change as you know, etsy's committed to be carbon-neutral by 2030. that will extend to d pop and to elo 7 as well, of course, as

part of the overall etsy, inc. roadmap. so some footprint in brazil, maybe we have an opportunity to be a part of that dialogue for sure the common values of elo 7 and d pop, they share etsy values and that is about recycling goods. that is about building a sustainable business, that is sustainable for the environment, about caring about diversity and inclusion. that's really important to why we thought that a partnership about elo 7 and d pop matter because they share our values and we want to be a part of that conversation. >> thank you, josh, for coming on i thought this was a great acquisition. i know it can be just huge down there. you guys will make it right. josh silverman, ceo of etsy. thank you so much. >> thanks. >> look, what can i say? you know i like that scene from the teens and because i live down the block from it but josh has done an amazing job and etsy is still a buy. stay with cramer

s coming up next, cramer is bringing the thunder and answering your burning questions in today's edition of "the lightning round. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

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i have a question about a canadian company that doesn't get much press on this side of the border it's light speed l std. >> i have been liking these guys i want to have them on i think they have a pretty good story. i say yes to light speed i want to go to matthew in new york matthew. >> caller: what's up, cramer thanks for taking my call. >> what's going on >> caller: all right you are a chewy guy, a pet lover. >> i am. >> caller: we got to give some love i really believe in them. >> you do. >> caller: i do. >> all right i tell you what. down 33% i am interested. you know i am. i am a chewy guy so let's have them on. let's have the original bark on and i can make a judgment, okay? to jake in indiana jake >> caller: hey, jim. i'm interested in opening a position into berry global group. i want to know your opinion and where you see it going in the

short term. >> barry global? no, no, give me a second give me a second here. berry global i had berry on -- this is the evansville one that's why i'm confused. yeah, this is -- they make plastic pods, it's a very good company, very mundane and very good robert in maryland robert >> caller: how is the chill man doing? >> fine. what's happening. >> caller: i need your help with coinbase it's like the crypto market goes coinbase and china, drops out. i is now a good time to jump back in >> i think just buy ethereum it's up very nicely. rambo in california. rambo. >> caller: booyah, jim i'm here my 6-year-old son jonah. >> okay. >> caller: jim, jonah is very

socially conscious and wants to invest he asked me to buy him stock, something that helps address homelessness and here is jonah with his recorded question. >> i'm jonah i asked my dad to buy stock for me because they donate a lot of money. the stock has gone down 10%. should i buy more or sell? >> i like whirlpool very much. i think, you know, they got a guy running it now, he is terrific and that, ladies and gentlemen, is the conclusion of "the lightning round" >> "the lightning round" is sponsored by td ameritrade >> coming up, investors may want in on some meme stock pandemonium. but the market is not so easy as reddit and forget it cramer sets the record straight next

tomorrow kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> are you like at the u.n. or the white house, david you're a diplomat. what are you doing >> yeah. i'm in a secret location, jim. dealing with some yard issues. yeah so, you know, what can i say >> it all starts at 9:00 a.m. eastern.

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on "tech check," upping the stakes in ridesharing. a former exec on didi becoming ipo. "tech check" 11 eastern. watch and listen live on the

cnbc app the ceos of small cap companies keeping asking the same questions how do we become a meme stock i am probably the worst person to ask i am one of the few people in the media dumb enough to antagonize the wallstreetbets mob. they are certainly not listening to me. read some of my replies in my next m mentions column of twitter the desire to become a meme stock is the desire tro have your stock bid up i didn't reddit followers to raise money for your company or yourselves

the meme sayings, they would have gone bankrupt expect the short squeeze that sent the stocks into the stratosphere allowing them to raise capital gamestop, ryan cohen created a moment to smash the shorts he profited from it. both cases have been successful. gamestop pulled back substantially from the highs it's run from $20 to $213 in the last six months. not bad. ceos want that performance however, if companies really want to draw the attention of the wallstreetbets crowd they ought to be careful what they wish for the thing that attracts these meme investors is short positions. no company aspires to have a large short position against it. you can't hire short sellers to set up a squeeze you have to do badly enough that lots of money managers want to bet against your stock

nor can you hire someone to compose a devastating short report that calls your stock or you as diabolically brilliant as that might be, there is no hindenburg research for hire they want to profit from rooting out questionable management teams. however, i can say this. right now the shorts are on the run like never before. there are a bunch of bambis, endangered forrest animals any stock with a short interest over 10% could be ready to rock and roll with a reach out via twitter. point out a minor positive catalyst and mention the site of the short, it's out there and that's what gets the wallstreetbets people going. i bring this up because there are a lot of honest companies that need money. i would love if they could get wallstreetbets to fundraise for them they will take a stock to infinity and beyond to make it happen that stunt make it investable.

as we saw with gaming, the moment the memesters push the stock up, the exectives did some insider selling and it elevated prices unfortunately, most of the time when a stock has a large short position it's because the underlying company is doing very badly. they have ugly balance sheets and negative prospects aside from a few exceptions where the shots go for a gang tackle, think gamestop or incredibly bed, bath & beyond, which is doing well, the short sellers tend to be smarter than longs or smarter before wallstreetbets made it perilous to bet against stocks. still you don't get lots of short sellers bashing your stock unless you screwed up and screwed up badly you can't aspire to be a meme stock. that means aspiring to be shorted and the shorts just aren't that stupid to take the bait unless something is genuinely wrong with your business however, if i were still in the business of shorting stocks i would close any trade that started to look crowded, meaning anything that has more than a

10% short because in the new world that means you have a target on your back from wallstreetbets and they will not hesitate to pull the trigger i like to say this i promise to find it for you right here on "mad money." i'm jim cramer see you tomorrow "the news with shepard smith" starts now crews continue to dig through the rubble in south florida. large cranes moving slabs of concrete, and we learned today families visiting the site watched a rescuer fall 25 feet the heartbreak and the investigation. i'm shepard smith. this is the news on cnbc >> we are going to get to the bottom of what happened here >> the heroic search for survivors now in its fifth day the death toll growing, people's hope fading. >> we're not stopping until we have an answer. >> the new clues about what may have caused the collapse