Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Go-To Google

TheStreet.com Staff

Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Tuesday evening:

Halliburton(HAL Quote - Cramer on HAL - Stock Picks): "This stock's gonna see 55 before it sees 65."

Penn National Gaming(PENN Quote - Cramer on PENN - Stock Picks): "Holy cow. This is a casino of pain. ... Every one of these [gaming] stocks is in free fall. Anybody who gets in, gets their head cut off. But I would rather own Penn National Gaming ahead of the others, and if it goes to 25, I'm doing a 'mon back.*"

Southwest Energy(SWN Quote - Cramer on SWN - Stock Picks): "Let's take no prisoners. I think Southwestern and EnCana(ECA Quote - Cramer on ECA - Stock Picks) represent the class of the group."

General Motors(GM Quote - Cramer on GM - Stock Picks): "Don'tBuyDon'tBuyDon'tBuy."

Cendant(CD Quote - Cramer on CD - Stock Picks): "I wanna buy the stock. ... I think paddles will work here." That is, the stock can be brought back to life.

Google(GOOG Quote - Cramer on GOOG - Stock Picks): "I still think Google is an all-aboard situation. ... Three-fifty is my price target."

Bristol-Myers(BMY Quote - Cramer on BMY - Stock Picks): "When you factor in the dividend, even this one is getting you back to even."

Archer Daniels Midland(ADM Quote - Cramer on ADM - Stock Picks): "Has had a history of missing the quarter. ... So I would take a little off [the table]."

Wal-Mart(WMT Quote - Cramer on WMT - Stock Picks): "Wal-Mart is two thumbs up. Way up."

Chesapeake Energy(CHK Quote - Cramer on CHK - Stock Picks): "At 25, I will get involved and buy it."

Revlon(REV Quote - Cramer on REV - Stock Picks): "I would ring the register."

Altria(MO Quote - Cramer on MO - Stock Picks): "We are in this stock not for the earnings tomorrow, which will be OK, we're in it for the big restructuring in two months."

Lightning Round

Bullish

Cramer was bullish on Penn National Gaming (PENN Quote - Cramer on PENN - Stock Picks), Southwestern Energy (SWN Quote - Cramer on SWN - Stock Picks), Cendant (CD Quote - Cramer on CD - Stock Picks), Google (GOOG Quote - Cramer on GOOG - Stock Picks), Bristol-Myers Squibb (BMY Quote - Cramer on BMY - Stock Picks), American Electric Power (AEP Quote - Cramer on AEP - Stock Picks), PNM Resources (PNM Quote - Cramer on PNM - Stock Picks), Duke Energy (DUK Quote - Cramer on DUK - Stock Picks), J.P. Morgan Chase (JPM Quote - Cramer on JPM - Stock Picks), Wal-Mart Stores (WMT Quote - Cramer on WMT - Stock Picks), General Maritime (GMR Quote - Cramer on GMR - Stock Picks), Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) and Altria (MO Quote - Cramer on MO - Stock Picks).

Bearish

Cramer was bearish on Halliburton (HAL Quote - Cramer on HAL - Stock Picks), Sprint Nextel (S Quote - Cramer on S - Stock Picks), Valero Energy(VLO Quote - Cramer on VLO - Stock Picks), General Motors (GM Quote - Cramer on GM - Stock Picks), BioCryst Pharmaceuticals (BCRX Quote - Cramer on BCRX - Stock Picks), Panacos Pharmaceuticals (PANC Quote - Cramer on PANC - Stock Picks), Progressive (PGR Quote - Cramer on PGR - Stock Picks), Knightsbridge Tankers (VLCCF Quote - Cramer on VLCCF - Stock Picks), Dobson Communications (DCEL Quote - Cramer on DCEL - Stock Picks), International Securities Exchange (ISE Quote - Cramer on ISE - Stock Picks), Bancolombia (CIB Quote - Cramer on CIB - Stock Picks) and Revlon (REV Quote - Cramer on REV - Stock Picks).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

	1.	Pigs Get Slaughtered		2.	It's OK to Pay the Taxes
	3.	Don't Buy All at Once		4.	Buy Damaged Stocks
	5.	Diversify to Control Risk		6.	Do Your Homework
	7.	Don't Panic		8.	Buy Best-of-Breed
	9.	Defend Some Stocks		10.	Don't Bet on Bad Stocks
	11.	Own Fewer Names		12.	Cash Is for Winners
	13.	No Regrets		14.	Expect Corrections
	15.	Know Bonds		16.	Don't Subsidize Losers
	17.	No Room for Hope		18.	Be Flexible
	19.	Quit When Execs Do		20.	Patience Is a Virtue
	21.	Be a TV Critic		22.	When to Wait 30 Days
	23.	Beware the Hype		24.	Explain Your Picks
	25.	Find the Bull Market
Check back for more of Cramer's Rules