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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 - Get Report)," which Cramer owns for his
Action Alerts PLUS
Genentech(DNA): "Waffling between 80 and 85 ... but if you want something now in your tank, I am giving you
Amgen(AMGN - Get Report)." Cramer also said don't forget
Celgene(CELG - Get Report) 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."
Noble(NE - Get Report): "Going nowhere my friend. That stock is flat-lined." Cramer offered
Transocean(RIG - Get Report) instead, which he said has the best offshore profile.
Bema Gold(BGO): "I like Bema Gold ... but ever since it was at eight smackers, we like
PSE&G(PEG): "Doesn't have a good-enough yield. ... Pull the trigger
Lowe's(LOW): "You stay in
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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