Cramer's 'Mad Money Lightning Round': Goin' to the Roadhouse

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

"Apple has come down enough, but I don't know ... we feel strong that there's such motivated sellers out there. ..... put our first position on here but expect that it goes lower, and if it does, we do a 'mon back.*"

Nasdaq Stock Market: I'm not backing away. ... I would buy it on the secondary and it could go up 15 points from here."

P.F. Chang's China Bistro: "You're like a mediocre worst-of-breed guy. ... You need to be in a better restaurant chain. Swap out of P.F. Chang's right here and I want you to go into Texas Roadhouse."

Whole Foods: "I'm a little concerned that the P/E for this year is 70 ... I think Whole Foods marks time here."

Google: "We can't back up the truck ... We've got that guy Eric Schmidt. I think the Schmidt discount is gonna be with us for some time. ... I don't like the way management tells the story.

Lightning Round

Bullish

Cramer was bullish on: Apple(AAPL), Johnson Controls(JCI), Nasdaq Stock Market(NDAQ), Norfolk Southern(NSC), Ceradyne(CRDN), Seagate Technology(STX), Pike Electric(PEC), Trinity Industries(TRN), Rackable Systems(RACK), Sasol(SSL), Energy Conversion Devices(ENER), Headwaters(HW), Paccar(PCAR), Sanofi-Aventis(SNY), Nabors(NBR), Station Casinos(STN), Viisage(VISG) and Motorola(MOT).

Bearish

Cramer was bearish on: Harrah's Entertainment(HET), P.F. Chang's China Bistro(PFCB), Wendy's(WEN), Bodisen Biotech(BBC), Whole Foods(WFMI), Quidel(QDEL), Intel(INTC) and American Railcar(ARII).

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

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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