Cramer's 'Mad Money Lightning Round': ICE, ICE, Baby

08/22/07 - 07:52 PM EDT

TheStreet.com Staff

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" Wednesday evening: "

Crocs (CROX Quote - Cramer on CROX - Stock Picks) is stalled right here. I saw it go down a little. Understand: The short position remains huge. The stock is only a few points off its high. ... Still don't have a lot of people picking up CROX yet. When we have four major analysts covering it, only then will I say Don'tBuy."

Yamana Gold (AUY Quote - Cramer on AUY - Stock Picks): "If you go through Yamana's quarter, it is the only growth gold stock out there. It is making an incredible amount of money. ... It also produces copper at the same time." Cramer said he thinks everyone should have gold in his or her portfolio, but it's not going to go up for a while. "Gold is not the right thing to buy in a deflationary spiral."

Precision Castparts (PCP Quote - Cramer on PCP - Stock Picks): "The bull market in aerospace and defense is back. Precision Castparts had a better quarter than almost every other supplier to the major airline companies. ... Now that the Fed is on our team, all these bull markets are back in place, and Precision Castparts is a great way to play the aerospace and defense bull market."

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