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Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Wednesday evening:
Conexant (CNXT): "I say Conexant is going to $2.50."
Waste Management (WMI): "Shadow of its former self. A once great company ... That stock has come and gone, and you might as well ring the register."Red Hat (RHAT): "I no longer feel qualified" to advise on the stock, said Cramer, who had flushed it at $18. The stock just hit a 52-week high. Schering-Plough (SGP): "It's the only drug company that's worth buying." Time Warner (TWX - Get Report): After a big quarter there may not be much more upside, and so "You want to be a publisher? You buy some Scripps (SSP - Get Report). They've got a business model." Eastman Kodak (EK): "Please exit it. ...They'll let you exit. ... You're not chained to that stock."
Lightning RoundBullish Cramer was bullish on Google (GOOG - Get Report), Apple Computer (AAPL - Get Report), Wachovia Bank (WB), Advanced Micro Devices (AMD - Get Report), Conexant Systems (CNXT), Hansen Natural (HANS), L-3 Communications (LLL - Get Report), Microsoft (MSFT - Get Report), Marriott (MAR - Get Report), Hilton Hotels (HLT - Get Report), UnitedHealth Group (UNH - Get Report), Schering-Plough (SGP), Dow Chemical (DOW - Get Report), GlaxoSmithKline (GSK - Get Report), Kinder Morgan (KMI - Get Report), Nabors Industries (NBR - Get Report), Georgia Gulf (GGC), International Business Machines (IBM - Get Report) and XTO Energy (XTO). Bearish Cramer was bearish on Shanda Interactive Entertainment (SNDA), TJX (TJX - Get Report), Northern Trust (NTRS - Get Report), Waste Management (WMI), Level 3 Communications (LVLT - Get Report), Intergraph (INGR - Get Report), PacifiCare Health Systems (PHS), Time Warner (TWX - Get Report), Eastman Kodak (EK) and Symbol Technologies (SBL).
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|