[video] Jim Cramer Quick Take: Twitter Is Too Pricey
NEW YORK (TheStreet) -- Twitter
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
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.