Cramer's 'Mad Money' Recap: Slim's Pickins

Another stock Cramer is "not totally negative on is Sirius Satellite Radio (SIRI Quote). However, he said, he can't "in good conscience" advise people to buy Sirius, because it's having such a hard time getting its XM Satellite Radio (XMSR Quote) merger through.

Cramer told viewers he's putting Sirius in the "too cheap to sell and not enough conviction to buy" category.

He said he would sell CMGI (CMGI Quote), which Cramer said "has changed its business model so much" it makes his head spin. He also suggested that game players sell Oilsands Quest (BQI Quote) and Crystallex (KRY Quote).

Moreover, Cramer said that "under no circumstances" would he say it's OK to own Vonage (VG Quote), calling it "the single least investable stock" he's seen in his lifetime.

And although people seem to like Fremont General (FMT Quote), Cramer said it has a lot of subprime exposure, and he recommended that people buy Downey Financial (DSL Quote) instead.

Drug Horserace

Cramer welcomed Steven Quay, Nastech Pharmaceutical's (NSTK Quote) chairman and CEO, to the show and asked him what the company's most exciting internal story is now.

Quay said it was a "very hard question" to answer and that it would be a "horserace" between Nastech's parathyroid hormone for osteoporosis, its insulin nasal spray for diabetes and its PYY treatment for obesity.