'It's a little disheartening to see all the $1 to $3 stocks that people are gunning,' CNBC's Jim Cramer said on Thursday.
CNBC's Jim Cramer on Thursday warned young investors about the potential pitfalls of daytrading in speculative stocks, especially the really cheap ones.
"It's a little disheartening to see all the $1 to $3 stocks that people are gunning," Cramer said on "Squawk on the Street." "If you want to try and make money and it's legal, that's fine. But it's not investing," the "Mad Money" host added.
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