Jim Cramer Suggests Playing With The House’s Money in Nordic American Tankers Stock

Nordic American Tankers Limited (NYSE:NAT) is one of the stocks Jim Cramer evaluated, along with the fragile food market. A caller asked Cramer what they should do with their position in the stock, and he replied:

Okay, Nordic American. I want you to cut half of it because it’s been not a great stock. And then you probably play with the rest of the house’s money and see where it goes. That’s my best advice.

A stock market data. Photo by AlphaTradeZone on Pexels

Nordic American Tankers Limited (NYSE:NAT) owns, operates, and charters a fleet of Suezmax crude oil tankers. During the March 3 episode, a caller mentioned that they were a long-term holder of the stock and asked whether they should sell it. The Mad Money host responded:

I want you to sell half right now. I want you to sell half. I actually don’t even want to talk to you. I want you to get off the phone and sell half. It’s really key. Then you can play with the house’s money because this thing has been a blight on shareholders for so long. I can’t have it hurt you.

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