Jim Cramer on Archer Aviation: “We’re Going to Let That Come Down”

Archer Aviation Inc. (NYSE:ACHR) is one of the stocks Jim Cramer commented on. A caller asked Cramer’s opinion on starting a small position in the stock. In response, he said:

“No, we’re going to let that come down. We’re in a kind of speculative tsunami right now. I think you’ll be able to get that cheaper. Yeah, just consider it like a maiden claiming race, okay?”

Archer Aviation Inc. (NYSE:ACHR) designs and develops electric vertical takeoff and landing aircraft. The company also offers aerial ride-sharing, maintenance, and repair services. When a caller inquired about the stock during the May 16 episode, Cramer replied:

“Oh, that one’s a bridge too far for me to tell you the truth. Electric vertical takeoff, I mean, I’m willing to go with Rocket Lab, but Archer’s just a little bit too far. I mean, someone who’s like 18, 19, 20, 21, you might want to believe in it. I don’t want to have too many of these kinds of stocks on my so-called recommended list.”

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Disclosure: None. This article is originally published at Insider Monkey.