CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers.
The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this week.
“In a market that’s presenting you with ample opportunities to lose money, I can’t endorse buying these money-losing stocks in the hope of engineering a short squeeze. Sooner or later, you end up with a day like today where that tactic just blows up in your face,” the “Mad Money” said.
Here is the list of stocks Cramer referred to:
More investors appear to be trying their luck with short-selling. The GS Most Short Index, which measures stocks that investors are shorting, or betting…