Cramer's 'Mad Money' Recap: Top Three Speculative Plays for '07

Although LVLT has spiked more than 35% since Cramer first recommended it in September, that's OK, he said. In fact, he believes the stock has gotten even more attractive since then, scoring a YouTube contract and inking a deal with NBC, allowing the network to get highlights from all other Sunday football games.

Plus, on Thursday, Level 3 completed its acquisition of Broadwing, Cramer said. He called it a "big risk, big reward" speculative stock and said there is "more than an insignificant" chance that it might lose people money.

But he believes that "if you're gonna stay interested in stocks, you gotta take a few risks, and one of those risks is taking LVLT, even at its $6 level."

Lightning Round

Cramer was bullish on Toyota Motor (TM Quote), Spectra Energy (SE Quote), Kinder Morgan Energy (KMP Quote) and Cisco (CSCO Quote).

Cramer was bearish on Yamana Gold (AUY Quote), Ultra Petroleum (UPL Quote), Deere (DE Quote), EarthLink (ELNK Quote), Cleveland-Cliffs (CLF Quote), Amylin Pharmaceuticals (AMLN Quote), AngioDynamics (ANGO Quote), Sonus Networks (SONS Quote) and Shanda Interactive (SNDA Quote).

For more of Cramer's insights during the Lightning Round, click here.

Opening the Mail

In his "Mad Mail" segment, Cramer gave a mailer Saks (SKS Quote) as an extra arm weather play, and he told another viewer he wants to own Time Warner (TWX Quote) even up here at $22.23.

There Goes Swifty!

In his "Sudden Death" round, Cramer was bullish on Hewlett-Packard (HPQ Quote), which he owns for his charitable trust, Action Alerts PLUS.

He was bearish on Sun Microsystems (SUNW Quote) and Harrah's Entertainment (HET Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting

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