'RealMoney' Radio Recap: Gaga Over Google

Peltier said Langer was OK. The company makes orthopedic and skin care products similar to a Dr. Scholl's, he said. It missed revenue expectations last quarter, but nevertheless, Peltier believes the stock can go to $5 or $6 as a recent acquisition should help profits. Langer traded at $4.60 Friday afternoon.

Peltier said Microfield was a "daytrading vehicle." Cramer added the stock was "not something that should be bought at all."

Of Ants Software, Peltier said the company had no revenue for five years, and although it recently had sales of roughly $200,000 and was able to raise some funds, at its current cash burn rate, the company has only about four quarters left until it's "flat out of cash," he said. Needless to say, Cramer doesn't like it.

This is a "motley group," said Cramer. "I don't hear much," to like, he said.

But Peltier was bullish on Lawson Software (LWSN Quote), a stock recently highlighted in the Stocks Under $10 newsletter. Lawson is one of the few remaining pure plays in enterprise software, he said, and Peltier believes the company could be an acquisition target. Lawson also has announced a number of new contracts recently, said Peltier, and he believes the company is on the right track. He is looking for the stock price to reach "double digits" in the next couple of quarters. Lawson traded at $7.37 late Friday.

Commenting on speculative stocks in general, Cramer said it's fine to indulge a little. Just don't speculate with retirement money, do your homework and limit speculative stocks to no more than 20% of your nonretirement portfolio. Just because stocks are low priced doesn't mean you still can't lose a lot of money, he said.

Options, however, should never be bought by the average individual investor. "You'll be fleeced by your broker. You won't be able to sell ... when you want to ... I guarantee you will lose money" unless you are a full-time trader, he said.