Cramer's 'Mad Money' Recap: Buy High, Sell Higher

Similarly, according to Cramer, the market had "completely written off" eBay, but after it "fixed things" and came out with a "halfway decent" number, it demonstrated accelerating growth and attracted buyers. "These two are not done going up," he said.

However, Google, which had 99% growth last year, is now decelerating, demonstrating 40% growth, Cramer said. Even though 40% growth is still "remarkable," money mangers make the rules and they don't go after decelerating growth, he said.

Cramer believes Google has more going for it than just growth. It has a "virtual monopoly" on page search and a low multiple. But with a decelerating growth rate, it won't get the multiple it deserves, he said. Cramer still believes Google will go to $600 "once it shakes off the deceleration," but for the near-term it will trade lower. Google closed at $481.50 on Friday.

While Yahoo! and eBay "are nothing compared to Google," they are going higher, and Google should go down to $450 before it bounces back, Cramer said.

Turn the Switch & Data On

Cramer told viewers to buy Switch & Data under the symbol SDXC after its initial public offering, which is expected to take place next week.

While it is a tech IPO, levered to the rising demand for broadband, it is not a typical broadband play, he said. Rather, Switch & Data provides infrastructure for the actual servers, making it possible for companies such as Level 3 Communications (LVLT Quote - Cramer on LVLT - Stock Picks) to operate, Cramer said.

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