'I am pretty sanguine about this market longer-term, but the disciplined thing to do right now is to raise a little cash, prepare for a pullback' to do more buying, Jim Cramer says.
Pinterest is trading at 17-times 2019 sales, while Zoom is selling at 47-times sales, he noted.
Carmer said he does not endorse paying more than 10-times sales for any stock, even the fasts growers, because it could come back to haunt him in forthcoming quarters: "It's all fun and games until someone gets hurt." "You don't make big money in IPOs like this Beyond Meat deal at the start of a major move. You tend to get this kind of action at the end, and I don't want anyone to get hurt here," he said. "That's why I think you should do some trimming and raise some cash ... You can put it to work if the market gets hit."
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