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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: Goldcorp: Cramer said it did not report a great quarter, which struck him as odd. He added, "Swap out of GG and move into Yamana. Do not buy Newmont. Yamana is for you." Oklahoma Gas and Electric: "First of all, 52-week high, so congratulations are in order." Cramer said he thinks it's a takeover possibility. Research In Motion: "It's kind of like Mobil, it's just too high. And yet, I think RIM's going to have a good quarter. Steel yourself for pain ... but then I would 'mon back* it." Nighthawk Radiology Holdings: "People criticize me for Nighthawk. Here's what I think. I think there is a doctor shortage in America. I'm not cutting and running ... I'm buying this stock." Coach: Cramer said that when you get that level of confidence from the CEO (he spoke with him on a previous show), you don't want to bet against them. JPMorgan: "It'll be making a move. I am counseling you to stay long Morgan." "Vertex Pharmaceutical is a winner, my friend. I think you should stay long. Two thumbs up ... way up." Qwest Communications: Cramer said that this stock is going to 9. The Denver papers talked about it going up because of the Cramer Affect, but Cramer said it went up because the stock is good. Zoltek: "I would not do a 'mon back, but I recognize a good company. If you own it, I would stay with it."
Lightning Round
Cramer was bullish on Yamana (AUY Quote), OGE Energy (OGE Quote), Research In Motion (RIMM Quote), NightHawk Radiology Holdings (NHWK Quote), Coach (COH Quote), JPMorgan (JPM Quote), Wells Fargo (WFC Quote), Martek Biosciences (MATK Quote), Vertex Pharmaceuticals (VRTX Quote), Qwest Communications (Q Quote) and Zoltek (ZOLT Quote). Cramer was bearish on Goldcorp (GG Quote), JDSU (JDSU Quote), Lucent (LU Quote), Cray (CRAY Quote), EMC (EMC Quote), IBM (IBM Quote) and Anadigics (ANAD Quote). Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.- Loading Comments...
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