In the August Action Alerts PLUS members' call, Cramer talks about why they are going to sell a big piece of their Facebook (FB) - Get Report position, when the stock goes unrestricted, assuming it will be priced higher than it is now.
Cramer has made it very clear that he was extremely disappointed in the Facebook earnings call.
He believed in the company and feels like he "got had."
And as one of his lessons learned, he says, "you have to say to yourself, wait, this stock has gone up and up and up on nothing, on not a peep. That's not right. That's not worth betting on. That's worth trimming."
Watch the video above for more on his rationale now.
And for more from the August AAP call, watch these links below now: