Cramer thinks the risk isn't worth it. The company is on the cutting edge of new devices, new methods of advertising and communications and dominates its industry.
"Believe me, I obsess about these issues all the time … Do you know how many times I have wanted to trade out of this sucker for fear that it would go down after it reported?" Cramer said.
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Despite a strong history of delivering better than expected results, Cramer noted that after the last eight quarters, Facebook's stock has closed down 50 percent of the time. In a week following its earnings report, shares traded lower 63 percent of the time.
With that pattern, many could find it tempting to sell Facebook.
The reason why Cramer believes in Facebook for the long term is because it has appreciated an average of 9 percent from one quarter to the next. Thus, the quick sell-off in the stock after reporting has proven to be a time to buy.
"The initial skepticism provides a rare buying opportunity, not a selling opportunity. Yes, renting and flipping Facebook has proven to be a sucker's game versus just flat out owning it," Cramer said.
Cramer has the same perspective about Amazon, which continues to deliver one step ahead of the retail cohort, even as retail sales are down big in April.
With the exception of cosmetics, Cramer thinks consumers have turned against going to the mall, which is why he considers Amazon to be a winner for the long haul.
"Better to think long term, better to own … than to sell them in order to sidestep a couple of bucks and a few hours of pain," Cramer said.
Disclosure: Cramer's charitable trust did own a position in Facebook at the time this story was published