'Mad Money' Mailbag: No Reserve About El Paso

Editor's Note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

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What is your opinion of El Paso(EP Quote)?

-- Daniel from Wisconsin

James J. Cramer: El Paso is a good little exploration and production play on natural gas. The company recently made an acquisition that added to its reserve base. Higher natural gas prices bode well for natural gas plays, and I believe El Paso is a good speculative bet on a move higher.

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What do you think of Home Depot(HD Quote) now that litigation against the company for hazardous waste disposal in Los Angeles has been foiled?

-- Janine from New Mexico

James J. Cramer: While I don't condone the dumping of hazardous waste, I don't believe investors should make a buy or sell call based on just this piece of news. With that in mind, I believe that Home Depot is a buy, because the housing cycle remains strong and Home Depot is a best-of-breed way to play demand for materials.

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What do you think of Calamos(CLMS Quote)?

-- Harvey from Alabama

James J. Cramer: Calamos is a very solid asset management play. The company's benchmark growth fund has generated decent interest, and assets, of late due to its strong performance. I like the whole group of asset managers, but believe T. Rowe Price(TROW Quote) and Legg Mason(LM Quote) are more conservative holdings.

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Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. Learn how to become a better investor. Get started now with the investing rules that Cramer lays out:

	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