Cramer's 'Mad Money Lightning Round': GM's Motor Running
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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" Wednesday evening: Titanium Metals: "I would sell yours and keep buying Allegheny Tech(ATI Quote). We own the composite materials market. Zoltek up 6 after the close." Abercrombie & Fitch: "May be the only apparel company I'm still a buyer of, but I will not let my kids near." Telmex: "Strong sell. ... take the proceeds and put them in America Movil." Southern: "I would rather see you in TXU." Veeco Instruments: "I say swap out of that and get into Agilent." Flagstar: "I like it. ... Cramer said he also liked Citigroup: "Right here at 50 I think it's breaking out." Crystallex: "I'm sticking with Crystallex." Toyota: "Cramer likes Toyota, but also said GM is headed to 40 in the next 12 months. "The trade is GM, the investment is Toyota." Lucent: "This is Lucent," Cramer said, and then threw a chair. Pepsi: "Very stuck in the mud. I'd like them to come on the show and tell us what they'd do to get unstuck." Network Appliance: "I say be patient with Network Appliance. I think it comes down, maybe to 35, where I would do a 'mon back*." Rio Doce: "Part of an unbelievable Brazil market. ... iron ore is through the roof ... I say hold it," Cramer said, even though it's at a 52-week high. Consol Energy: "Not done going up. That stock is at 94, will soon see par [Wall Street gibberish for 100]." JDSU: "The stock will now do nothing but mark time until the next quarter," said Cramer, after it offered for sale $350 million in convertible bonds after the market close today. "I think it's flatlining because of the convert. Paddles, clear, nothing."
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