{"id":123886,"date":"2021-12-13T15:49:46","date_gmt":"2021-12-13T15:49:46","guid":{"rendered":"https:\/\/fin2me.com\/?p=123886"},"modified":"2021-12-13T15:49:46","modified_gmt":"2021-12-13T15:49:46","slug":"cramer-says-anyone-selling-big-tech-stocks-in-premarket-trading-is-either-a-machine-or-an-idiot","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/cramer-says-anyone-selling-big-tech-stocks-in-premarket-trading-is-either-a-machine-or-an-idiot\/","title":{"rendered":"Cramer says anyone selling Big Tech stocks in premarket trading is &#x27;either a machine or an idiot&#x27;"},"content":{"rendered":"<ul>\n<li>CNBC&#x27;s Jim Cramer on Monday warned investors that selling tech stocks in thin trading during the early morning premarket hours is not a sound strategy.<\/li>\n<li>&quot;The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening,&quot; Cramer said.<\/li>\n<li>&quot;To trade off of the tape is a real mistake here. It could reverse in a nanosecond,&quot; he added.<\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer on Monday warned investors that selling stocks in thin trading during the early morning premarket hours is not a sound strategy.<\/p>\n<p>&quot;The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening.&quot; Cramer said on &quot;Squawk on the Street.&quot; &quot;I keep thinking it&#x27;s a machine or an idiot, because who wants to sell without any real buyers there.&quot;<\/p>\n<p>Futures tied to the Nasdaq, which declined 2.6% last week, did not participate in Monday&#x27;s rebound that pushed many non-tech stocks higher before regular trading hours began on Wall Street at 9:30 a.m. ET. After the open, the Nasdaq rose, but lagged the strong recoveries in Dow Jones Industrial Average and S&amp;P 500.<\/p>\n<p>The Nasdaq, as of Friday, was about 6% away from its latest record close on Nov. 19. The Dow was roughly 5% away from its Nov. 8 record close. The S&amp;P 500 was nearly 3.7% away from its Nov. 18 record close.<\/p>\n<p>Cramer said many big tech stocks, which heavily populate the Nasdaq are in a bear market, defined as being off 20% or more from recent highs.<\/p>\n<p>&quot;To trade off of the tape is a real mistake here. It could reverse in a nanosecond,&quot; Cramer said earlier on CNBC&#x27;s &quot;Squawk Box,&quot; pointing out that Nasdaq selling could turn into buying in this fickle market environment.<\/p>\n<p>Cramer has never shied away from criticizing &quot;pajama traders&quot; as he calls them. In a couple of examples, the &quot;Mad Money&quot; host blasted them in 2017 and in 2019.<\/p>\n<p><em>\u2014 <\/em><em>Sign up now<\/em><em>\u00a0for the CNBC Investing Club to follow Jim Cramer&#x27;s every move in the market.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/06\/cramer-says-anyone-selling-big-tech-stocks-in-premarket-is-either-a-machine-or-an-idiot.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC&#x27;s Jim Cramer on Monday warned investors that selling tech stocks in thin trading during the early morning premarket hours is not a sound strategy. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer says anyone selling Big Tech stocks in premarket trading is &#x27;either a machine or an idiot&#x27; - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/cramer-says-anyone-selling-big-tech-stocks-in-premarket-trading-is-either-a-machine-or-an-idiot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer says anyone selling Big Tech stocks in premarket trading is &#x27;either a machine or an idiot&#x27; - Fin2me\" \/>\n<meta property=\"og:description\" content=\"CNBC&#x27;s Jim Cramer on Monday warned investors that selling tech stocks in thin trading during the early morning premarket hours is not a sound strategy. 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