Cramer's 'Mad Money' Recap: Profit From the Panic

"Don't be the prey; be the predator," Cramer said. "Don't be scared; be prepared."

Some People Want to Make Friends...

In his "Sell Block" segment, Cramer explained just how dangerous making friends can be in this game.

When Howard Schultz, the founder and chairman of Starbucks (SBUX Quote), visited Cramer's show in February, Cramer said he respected Schultz and his organization so much that he wanted to become friends with him.

However, he stuck to his guns and resisted the urge to do so, because in the end he cares more about his viewers than making friends. At the end of the segment with Schultz, Cramer advised his listeners against pulling the trigger short term on the worldwide coffee company. And now Starbucks is down 10% since Schultz was on the show.

The growth rate is decelerating, and the stock simply isn't worth buying, Cramer said. Although it looks like a good long-term story, right now it's too expensive, he said.

Making friends with Schultz could have cost people money, and Cramer said he knows that. Therefore, his priority is not to make friends, but to do what's best for his viewers, he said.

Until Starbucks shares go down to $27, it's not coming out of the sell block, Cramer said. Maybe that will be time to buy it, but not now. Starbucks closed today at $30.39, down 52 cents.