NEW YORK (TheStreet) -- Twitter (TWTR) made its public debut on Thursday and opened near $45, well above the $26 it priced at on Wednesday night. 

TheStreet's Jim Cramer has some advice for retail investors: If you want to buy it, recognize that it's a "cult stock."

There's nothing wrong with cult stocks and he considers Tesla Motors (TSLA) and SolarCity (SCTY) others to trade under the same circumstances. 

Cramer suggested that it was okay to buy shares of Twitter, so long as those who are buying it realize it has high risk and a rich valuation, making shares rather pricey for the average portfolio.

He would not have been buyer of the stock back in his hedge fund days, Cramer said, but that doesn't mean others can't buy it as long as they understand it. Cramer concluded that investors should also to be willing to hold the position for a while.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

If you liked this article you might like

From Podium to Podcast, Preet Bharara Goes After the POTUS

These Powerful Corporate Executives Could Make a Run at the Presidency in 2020

7 Essential Rules for Investing in Tech Stocks

Ryanair Customers Take Their Complaints to Social Media

Puerto Rico Is Completely Without Power Because of Hurricane Maria