Cramer's 'Mad Money Lightning Round': The Rise or Fall of NovaStar

Stock quotes in this article: NFI , HOG , MAR , Q , DRYS , NSTK , MOS  

To see the full "Mad Money" Recap, please click here.

Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening:

Harley-Davidson (HOG Quote): "Incredibly controversial stock because it's a beautiful, fabulous name-brand company where the last quarter was not that good. I cannot in good conscience tell you to buy Harley-Davidson. It is too risky. ... I am going to give it a Don'tBuy."

NovaStar Financial (NFI Quote): "I never do this on the show, but this stock is a call option. ... It could either double or go to zero. ... I am unbelievably blessing this stock. 6 down, 6 up, you make the call."

Marriott International (MAR Quote): "People did not like the quarter with Marriott. ... I think that's a mistake. I think this is the level you want to pull the trigger at. Marriott is way too cheap. ... Let's get some Marriott right down here."

"Qwest Communications (Q Quote) is resting after a tremendous run." Cramer said Qwest, now at about $10, could go to $12. "50 cents down, 2 bucks up, that is my kind of risk/reward. BuyBuyBuy."

DryShips (DRYS Quote): "We're not into DryShips. We recommend GMR (General Maritime (GMR Quote)). That's our favorite. ... 6% yield ... [CEO] Peter Georgiopoulos, who is our favorite guy in the industry. ... I want you in General Maritime."

Nastech Pharmaceutical (NSTK Quote): "Has more things going for it," including, Cramer thought, a potential relationship with Pfizer(PFE Quote). "It tells me that this stock could be at 15 in a month or two." Since it's speculative Friday, Cramer said, "I want you in Nastech. ... BuyBuyBuy. That's 12 buys on Nastech."

Mosaic (MOS Quote): "We recommend Mosaic much lower. The stock had a major ramp today. ... At these prices, I'm not going to get behind Mosaic." But Cramer said to "stick with ag" and recommended Monsanto (MON Quote) and Deere (DE Quote) instead.

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

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At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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