Cramer's 'Mad Money Lightning Round': Dawn of a New Century

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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" Tuesday evening:

Smith & Wesson(SWHC): "A cold stock ever since the federal government gave them blanket immunity. ... Take a little off the table."

Symbol Technologies(SBL): "We are not arbitragers. ... I need you to get out ahead of time. You need to ring the register."

Halliburton(HAL): "Doing great. I actually think this $29 stock is worth $60." But Cramer said it won't go straight up and could go to 25 first. Cramer owns Halliburton for his Action Alerts PLUS charitable trust.

Sirius Satellite Radio(SIRI): "Somebody launched a bear raid against Sirius today [with rumors that Howard Stern would return to regular radio]. ... Mel [CEO Karmazin] himself is assuring me that that is not going to happen ... This stock is going to trade 3-4, 3-4, until Mel picks up the phone [and calls XM about a merger]."

New Century Financial(NEW): "That dividend is not without risk. ... It is a riskier stock than you realize because they are doing some second mortgaging. I say you're right, they're wrong. I'll bet with you."

Yahoo!(YHOO): "I pulled the trigger for my charitable trust at $25.38. ... Enough is enough" negative sentiment on Yahoo!.

Knightsbridge Tankers(VLCCF) is a good situation that yields 12%, but it's levered to tankers, Cramer said. "That dividend is suspect. Don'tBuyDon'tBuy."

FortuNet(FNET): "Do you mind if we stay with best of breed?" Cramer recommended International Game Technology(IGT), which he owns for his charitable trust.

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

Here's your chance to pick the stock you'd like me to feature on my radio show Sept. 21: Best Buy Eli Lilly Lucent Nokia Under Armour USG

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!

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