Cramer's 'Mad Money' Recap: PortalPlayer a Play

Harrah's Poker Bet

Gary Loveman, Harrah's Entertainment (HET) CEO, also joined Cramer to discuss the weakness in gaming stocks.

Loveman said his company had been hurt by the combination of higher gasoline prices and hurricanes Katrina and Rita.

Cramer asked how the integration of Harrah's recent acquisition of Caesars was going.

Loveman said the full integration should be complete by the end of the first quarter.

Cramer asked what the popularity of poker means to Harrah's.

Loveman said poker's popularity signals a growing interest in gambling and "holds the promise for a tremendous boom in our business if we figure out how to deliver it properly through as many distribution points as we can."

Cramer summed up the interview saying gaming stocks are in a "show-me situation" right now, and he wouldn't buy them until there is proof things have improved.

Lightning Round

Bullish

Cramer was bullish on Occidental Petroleum (OXY), Sears Holdings (SHLD), Johnson Controls (JCI), FX Energy (FXEN), Ameren (AEE), Northrop Grumman (NOC), L-3 Communications (LLL), Alliant Techsystems (ATK), General Dynamics (GD), Safeway (SWY), Whole Foods Market (WFMI), Charles Schwab (SCH), E*Trade Financial (ET), Ameritrade (AMTD), Intel (INTC), Edge Petroleum (EPEX), Ethan Allen Interiors (ETH), American Standard (ASD), Grey Wolf (GW), Abraxas Petroleum (ABP), Schlumberger (SLB), Nabors Industries (NBR), Halliburton (HAL) and Sysco (SYY).

Bearish

Cramer was bearish on Payless ShoeSource (PSS), 3M (MMM), Distributed Energy Systems (DESC), NGAS Resources (NGAS), Arch Capital Group (ACGL), Medtronic (MDT), Fifth Third Bancorp (FITB), Compuware (CPWR), Leggett & Platt (LEG), Bank of America (BAC) and Sovereign Bank (SOV).

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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

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