CNBC's Jim Cramer on Tuesday gave investors his take on Cava, the popular fast-casual Mediterranean chain that's expected to go public this week. "And, please, if you do want to buy Cava in the aftermarket, I'm begging you, please use limit orders, not market orders, protect yourself. In fact, you should always be using limit orders, because you have no control over the price you pay with market orders." Cramer said he expects underwriters to underprice Cava shares at first in order to engineer "a nice first-day pop." Cramer also warned investors about the pitfalls of the IPO market in general, with most following a similar cycle.

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Persons: CNBC's Jim Cramer, Cava, Cramer, underprice Cava, Chipotle, Seltzer Organizations: Reuters, underprice, underwriters Locations: Cava