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": Apple(AAPL Quote): "You, my friend, are in good shape," Cramer told a caller who said he owned 400 shares of the stock. "I think Apple goes to $55. ...Apple's the first stock I recommended on "Jim Cramer's Mad Money," and I'd stick with it." Kinder Morgan Energy Partners (KMP Quote): "I finally get to do a 'mon back*. I like Kinder Morgan Energy Partners for its 5% yield, and I like it for KMI (Kinder Morgan Inc. (KMI Quote)). Brown & Brown(BRO Quote): "I'm in bull-market mode for insurance companies, and I like this one." SiRF Technology(SIRF Quote): "I won't put it in the same camp -- the rarified camp -- as Marvell Technology(MRVL Quote) or Broadcom(BRCM Quote), but it's pretty darn good." *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 CDW (CDWC Quote), Kinder Morgan Energy Partners LP (KMP Quote), Kinder Morgan Inc. (KMI Quote), Central European Distribution (CEDC Quote), Brown & Brown (BRO Quote), Annaly Mortgage Management (NLY Quote), Motorola (MOT Quote), Apple Computer (AAPL Quote), Powerwave Technologies (PWAV Quote), Quality Systems (QSII Quote), Allscripts Healthcare Solutions (MDRX Quote), Psychiatric Solutions (PSYS Quote), SiRF Technology Holdings (SIRF Quote), Georgia-Pacific (GP Quote), Plum Creek Timber (PCL Quote), Weyerhaeuser (WY Quote) and Sonic (SONC Quote). Bearish Cramer was bearish on Marriott (MAR Quote), IBM (IBM Quote), Fannie Mae (FNM Quote), Freddie Mac (FRE Quote), State Street (STT Quote), Hudson City Bancorp (HCBK Quote), Brightpoint (CELL Quote), Waste Management (WMI Quote), Allied Waste Industries (AW Quote), ImmunoGen (IMGN Quote), Phazar (ANTP Quote), EMC (EMC Quote), Granite Construction (GVA Quote), Louisiana-Pacific (LPX Quote), Boston Scientific (BSX Quote) and Take-Two Interactive Software (TTWO Quote).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 | |||||
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