Jim Cramer's got some advice for investors who are looking to get into Amazon AMZN following Warren Buffett saying that Berkshire Hathaway (BRK.A) - Get Report (BRK.B) - Get Report bought shares of the online retailer.
Buffett told CNBC he hadn't made the decision, but that "one of the fellows in the office that manage money" bought shares of the giant online retailer and services provider.
The comments pointed to Todd Combs or Ted Weschler, each of whom manages portfolios for Berkshire Hathaway, CNBC reported.
Berkshire is slated to report first-quarter earnings on Saturday. The company will file its quarterly update on details of its portfolio holdings later this month with the Securities and Exchange Commission.
"This spike is an artificial spike and don't buy it. And I like, I like Amazon very much and when you bump into me on the street and say which stock?" said Cramer. "I always say join the club and then if they pressed me I say look I like the Amazon for the long-term. So I don't, by any means, disparage Amazon. I just don't like to stock up 40 cause some portfolio manager bought it. You know, just be careful."
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