🙃 Inverse Cramer May 15
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FRIDAY MAY 15
The problem with PureCycle is it’s losing a fortune. It almost has no revenue. I think you have to say no to that one.
-On PureCycle Technologies ($PCT)
That’s a pure spec that’s losing a fortune. You need to be very careful even though it’s a low dollar amount. Remember, it’s still a spec and it can hurt you.
-On Energy Vault Holdingds ($NRGV)
It’s up on a spike. I don’t know, it’s like a short squeeze, or whatever. It does makes money, but it’s a 90x earnings, so you have to be careful. We’re being careful because the market is switching in the way its valuing stocks.
-On Everspin Technologies ($MRAM)
This group, in particular, medical devices is being hated in this market. I do feel there’s not a lot of money to be made in this one.
-On Globus Medical ($GMED)
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC