Cramer's 'Mad Money Lightning Round': Qualcomm Coming On

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

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

Qualcomm(QCOM Quote): "Did you hear the bullish stampede ... this great maker of the stuff that is inside your cell phone is just rocking. I'm issuing a 'mon back* right here."

Wal-Mart(WMT Quote): "Don't buy, don't buy, don't buy. It is still a huge bummer to shop there. ... I can't get my kids to go there."

XTO Energy(XTO Quote) "is strictly 'mon back material" because its properties will be unscathed by Hurricane Rita.

Ashland(ASH Quote): "Why are they giving Ashland away? That's a mistake. I would buy that stock here."

Lightning Round

Bullish

Cramer was bullish on Qualcomm (QCOM Quote), Chesapeake Energy (CHK Quote), NovAtel (NGPS Quote), Peabody Energy (BTU Quote), Intel (INTC Quote), General Motors (GM Quote), Toyota Motor (TM Quote), XTO Energy (XTO Quote), Parker Drilling (PKD Quote), Ashland (ASH Quote), Lucent (LU Quote), The Southern Company (SO Quote) and GameStop (GME Quote).

Bearish

Cramer was bearish on Wal-Mart Stores (WMT Quote), Applied Materials (AMAT Quote), Gibraltar Industries (ROCK Quote), AmSouth Bancorporation (ASO Quote), Linear Technology (LLTC Quote), Seagate Technology (STX Quote), Synaptics (SYNA Quote), First Niagara Financial (FNFG Quote), Montpelier Re (MRH Quote), Tempur-Pedic (TPX Quote) and Calpine (CPN Quote).

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

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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