Jim Cramer got margin call on live TV?

Supposedly he was short Boeing March puts at $12 and covered around $115.

BTW, a buddy told me this. Haven't seen it confirmed.

 

I turned the news on for giggles and he was on this morning spouting all kinds of panic.. demanding a 500 billion dollar bail out, saying the federal gov should give a moratorium on payments ie taxes loans etc. and basically debt forgiveness.. the level of insanity out of his mouth . it did sound like he was deep in the red

 

In a sane world, he would have been pulled off air about a dozen years ago.

 

He blocked me for tweeting a video where he admitted to how he manipulated markets.

But I thought he went to cash.

 

Thats an old video. I remember 10 years ago he got called out about it live on national tv by stuart whats his name. He was being interviewed at the time and they played that video, he was hanging his head in shame.

 

Jim Cramer benefits from inside information, 100%. This is why he pounds the table for his hedgie buddies, so they can give him a heads up.

"WHERE ARE THE SELLERS?"

"HE HAS NO IDEA WHAT ITS LIKE OUT HERE"

Classic fucking clips. Cramer isn't a trader, he trades on inside info like the rest of them.

 

He seems to me more like a gambling degenerate running off at the mouth more then some insider

 

"WHERE ARE THE SELLERS"

The voice cracking... The thought that maybe his information was wrong... The panic when he realized what could happen to him.

Compare that to when his positions are obviously green. Different guy altogether.

"WHERE ARE THE SELLERS" was 100% inside information.

 

Sadly, I cannot find the clip.

 

I thought I read a very long time ago that Cramer had some legal issues of some sort and may have been banned from managing money for others? I could be wrong.

I'm quite confident that a few weeks ago as we were pushing SP3400, he could be heard carnival barking on behalf of many names that are now a fraction of their former selves - yet today CNBC has him front and center on the Noon show saying it doesn't make sense to touch anything right now. I thought we stopped listening to guys like this after the 2001 debacle?

CNBC has mostly gone to pot, but the Noon show has reached a new low to have actual guys that manage real money sit there quietly for 30 minutes while Cramer rambles incoherently.