Cramer's 'Mad Money Lightning Round': Best Buy Still True to Its Name

09/13/05 - 07:44 PM EDT

TheStreet.com Staff

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 the "Mad Money Lightning Round":

Best Buy(BBY Quote - Cramer on BBY - Stock Picks): "I think it's 8 points off its high." If it gets analyst downgrades because of its profit warning, "that's you're time to do a 'mon back* ... Don't mess with best of breed!"

IntraLase(ILSE Quote - Cramer on ILSE - Stock Picks): "The shorts are leaning on this thing ... I think it's a buy here, and I'm sticking my neck out."

Ameritrade(AMTD Quote - Cramer on AMTD - Stock Picks): "Two thumbs up!"

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

Lightning Round

Bullish

Cramer was bullish on Best Buy (BBY Quote - Cramer on BBY - Stock Picks), Prudential Financial (PRU Quote - Cramer on PRU - Stock Picks), MetLife (MET Quote - Cramer on MET - Stock Picks), First Marblehead (FMD Quote - Cramer on FMD - Stock Picks), XM Satellite Radio (XMSR Quote - Cramer on XMSR - Stock Picks), Sirius Satellite Radio (SIRI Quote - Cramer on SIRI - Stock Picks), IntraLase (ILSE Quote - Cramer on ILSE - Stock Picks), Aramark (RMK Quote - Cramer on RMK - Stock Picks), Alliant Techsystems (ATK Quote - Cramer on ATK - Stock Picks), Ameritrade (AMTD Quote - Cramer on AMTD - Stock Picks), Charles Schwab (SCH Quote - Cramer on SCH - Stock Picks), Distributed Energy Systems (DESC Quote - Cramer on DESC - Stock Picks), Capstone Turbine (CPST Quote - Cramer on CPST - Stock Picks), Research In Motion (RIMM Quote - Cramer on RIMM - Stock Picks), TXU (TXU Quote - Cramer on TXU - Stock Picks) and Schlumberger (SLB Quote - Cramer on SLB - Stock Picks).

Bearish

Cramer was bearish on EarthLink (ELNK Quote - Cramer on ELNK - Stock Picks), Novell (NOVL Quote - Cramer on NOVL - Stock Picks), Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks), Sigma Designs (SIGM Quote - Cramer on SIGM - Stock Picks), RadioShack (RSH Quote - Cramer on RSH - Stock Picks), Medarex (MEDX Quote - Cramer on MEDX - Stock Picks), Restoration Hardware (RSTO Quote - Cramer on RSTO - Stock Picks), Red Hat (RHAT Quote - Cramer on RHAT - Stock Picks), Palm (PALM Quote - Cramer on PALM - Stock Picks), Orbital Sciences (ORB Quote - Cramer on ORB - Stock Picks), Seagate Technology (STX Quote - Cramer on STX - Stock Picks), Nektar Therapeutics (NKTR Quote - Cramer on NKTR - Stock Picks) and Pfizer (PFE Quote - Cramer on PFE - Stock Picks).


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
At the time of publication, Cramer was long Alliant Techsystems and Aramark.

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." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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