Cramer's 'Mad Money Lightning Round': Amgen a Gem
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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:
Emmis Communications (EMMS): "Welcome to the world of terrestrial radio, which every day loses more adherents ... and is generally in a tailspin that it cannot stop. ... You should sell any terrestrial radio stock that you have."US Airways (LCC): "Right now I like UAUA (UAL). ... I would ring the register US Airways." Knology (KNOL): "I like LVLT (Level 3 Communications) ... been doing 'mon backs* since 3. LVLT is my gift to you." Allis-Chalmers (ALY): "This stock is actually on a roll ... I want to ring the register and roll into ... Halliburton (HAL)," which Cramer owns for his Action Alerts PLUS charitable trust. Genentech (DNA): "Waffling between 80 and 85 ... but if you want something now in your tank, I am giving you Amgen (AMGN)." Cramer also said don't forget Celgene (CELG) and its successful drug Revlimid. Quest Software (QSFT): "It is too speculative, sir. ... One of those 20% mad money plays, and I will not bless it otherwise." Pacific Ethanol (PEIX): "I cannot countenance that. .... I have been saying that ethanol has been dead now for at least six weeks. ... SellSellSell."
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