Cramer's 'Mad Money Lightning Round': Almost Time to Hop on Harley

Stock quotes in this article: HDI , MDR , JCI , FLR , PPL , SOSA , ATVI , RUTH , APPB , WFMI , SHLD , AML , AMGN , HW , MSTR , FLR , SWY , WFMI  

To see a full "Mad Money" Recap, please click here.


Here's what Jim Cramer had to say about some of the stocks offered up by callers on "Mad Money" Friday evening:

Harley-Davidson: (HDI Quote) "Almost a 'mon back."

Safeway (SWY Quote): "Still right to swap out of and buy the Whole Foods(WFMI Quote) under $130."

Valero Energy (VLO Quote): At $90, enough is enough."

Citigroup (C Quote): "I want you to sell Citi."

OSI Pharma (OSIP Quote): "Committed the unpardonable sin of buying a company called Eyetech(EYET Quote). Cancel that deal!"

PPL (PPL Quote): "When the Federal Reserve is hellbent on wrecking the housing market, you should be thinking of things like PPL."

Lufkin (LUFK Quote): "Why is that stock going down? ... I want to do a 'mon back on Lufkin."

Hi-Tech Pharmacal (HITK Quote): "No coincidence it's from Amityville, New York. It's not a horror, it just doesn't deserve the P/E on it."

Stolt Offshore (SOSA Quote): "I think it's too cheap and you should hold it."

Activision (ATVI Quote): "I'm going bullish on Activision for the first time. But please sell it before Christmas."

Cheesecake Factory (CAKE Quote): "Better than Applebee's(APPB Quote); not as good as Ruth's Chris(RUTH Quote). Casual dining is a rough business."

Medtronic (MDT Quote): "Sell the Medtronic here. You just had a nice spike in the name."

Precision Castparts (PCP Quote): "Still in buy mode even at $96."

Legg Mason (LM Quote): "Not gonna get a move until they report the quarter. ... If it went below $100, I would do a 'mon back." Sears Holdings (symbol Quote): "In a holding pattern." AMLI Residential (AML Quote): Cramer said, "I bless the stock" despite the media drumbeat against housing.

Lightning Round

Bullish

Cramer was bullish on Harley-Davidson (HDI Quote), McDermott International (MDR Quote), Johnson Controls (JCI Quote), Fluor (FLR Quote), Lufkin (LUFK Quote), PPL (PPL Quote), Stolt Offshore (SOSA Quote), Activision (ATVI Quote), MicroStrategy (MSTR Quote), Precision Castparts (PCP Quote), Sirva (SIR Quote), Sears Holdings (SHLD Quote), AMLI Residential Properties Trust (AML Quote), Headwaters (HW Quote) and Amgen (AMGN Quote).

Bearish

Cramer was bearish on Safeway (SWY Quote), Citigroup (C Quote), OSI Pharmaceuticals (OSIP Quote), AMR (AMR Quote), Hi-Tech Pharmacal (HITK Quote), Scana (SCG Quote), Equifax (EFX Quote), Cheesecake Factory (CAKE Quote), Medtronic (MDT Quote), Eastman Kodak (EK Quote), Alpha Natural Resources (ANR Quote), Veeco Instruments (VECO Quote), Entrust (ENTU Quote) and PLX Technology (PLXT Quote).

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
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At the time of publication, Cramer was long Sears Holdings.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict."

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