In the August Action Alerts PLUS members' call, Jim Cramer talked out the portfolio team's decision to sell some of their Facebook (FB) position and buy Amazon (AMZN) with the proceeds, earlier in the Spring.
"The stock had been tarred and feathered by our president multiple times about how Amazon wasn't paying the USPS enough money. That might be very true, but the contract was negotiated at arms length....So we took advantage of it and bought some," he said during the call.
And the stock proceeded to jump 400 points but Cramer then talked about another one of the followed another sell discipline, which is "bulls make money, bears make money and pigs get slaughtered."
So he talked about how the team decided to take some money off the table because it is "just good portfolio management," he said.
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