Jim Cramer: When Investors Should Wait for a Pullback Before Buying a Stock

Credit: The Street
Published on May 3, 2019 - Duration: 01:20s

Jim Cramer: When Investors Should Wait for a Pullback Before Buying a Stock

Curious about getting into a popular stock?

Jim Cramer's got some advice for investors who are wondering when they should pull the trigger and buy.

"We did a lot of analysis for in my second last book or when to do it.

And the answer is you have to wait for a two to 5% pullback from the new highways.

New Highways is a fabulous place to find actual stocks to buy, but not because you just go buy them.

You have to wait.

One of the reasons why this is a great education question Katherine raised...I have a lot of my rules are for, they call them retail investors, there's nothing more frustrating, painful than buying a stock at the high," said Cramer.

"So I always say, look, yeah, wait for a pullback.

And I mean because I don't want people to like go in because they'll sell everything.

They'll get out and say it.

I'm not going, I'm just going to go on a Fintech ETF for some nonsense that they create because they want fees and so I just like to be cautious and say new high list, great place to pick stocks, but you still got to wait.

Wait for a pullback." Related.

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