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7 Deadly Stock Sins: Cramer’s ‘Mad Money’ Re-Post (Thursday 8/13/20)

There is a big difference between blind speculation and informed speculation, Jim Cramer told his Mad Money viewers on Thursday. Therefore, it’s time to eradicate the seven deadly stock sins, Cramer said he sees on Twitter (tWTR) – Get report weekday.

The first deadly sin is cheerleading. Cramer said investors think they are helping their favorite stocks by promoting them, but in reality, the excitement is only paying attention to the short sellers about an opportunity.

The other deadly sin is not knowing what a company is doing. Cramer said every investor should have at least three reasons why they like a stock so they know when to sell when those reasons disappear.

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