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Jim Cramer Says Sell Valeant, Own Apple and Netflix for the Long Term

TheStreet's Jim Cramer says he's a big fan of holding cash right now and waiting for further declines before buying shares.
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TheStreet's Jim Cramer says he's a big fan of holding cash right now and waiting for further declines before buying shares. 'I think that you want to wait. If China holds its 3,500 level. If not, you’ll see another sell-off and that will be your opportunity. I never like to commit cash all at once. If we’re down 2 1/2-percent from the highs, how about waiting down 5 to 7-percent.' @JoelTalks asks Cramer if he'd be a buyer of Apple (AAPL) and Netflix (NFLX) if he had a longer-term time horizon and Cramer said 'absolutely.' @TodMac asks if Cramer is a fan of Peabody Energy (BTU) considering that George Soros recently bought shares. Cramer said, 'I’m very anti-coal stocks. I think there are ways to invest in coal through the debt. I think buying Peabody is like buying a lottery ticket. And, I’ll go buy a lottery ticket if I want one.' @MarkBell00 asks if Valeant Pharmaceucticals (VRX) may have overpaid for Sprout Pharmaceuticals. 'I think Valeant is looking like SunEdison (SUNE). I think this was the deal that went too far. People have liked all the deals beforehand and they didn’t this time and I think that Valeant is a stock that I don’t want to own anymore.' Send your questions to @JimCramer, with #CramerQ.

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