Wall Street is like a fashion show. Stocks fall in and out of favor quickly.
That is why Jim Cramer has become an expert at detecting an attractive growth story to hang on to, even when it's not the popular thing to do.
"Solid growth stories are hard to come by, and when you find them, you need to hang on for the ride," the "Mad Money" host said.
It might be hard to remember, but Facebook was once considered a disappointing company that failed to live up to its potential for about a year after it came public. It seemed to Cramer that Facebook missed the entire migration to mobile from desktop, and the stock was pummeled.
At that time, Facebook was trading in the $20s and Cramer started digging into the company's conference call transcripts. He found that the company not only reported a good quarter, but that as the company adopted the switch to mobile, advertisers were flocking to it.