Cramer's 'Mad Money Lightning Round': Clear Sailing With Transocean

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

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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" Thursday evening:

China Precision Steel(CPSL Quote): "This is probably the only bad China stock. ... I prefer AK Steel(AKS Quote), Reliance Steel(RS Quote) and most of all, United States Steel(X Quote)."

Heelys(HLYS Quote): "My friend, you have no edge whatsoever. Heelys is a broken stock and a broken company. ... There is no reason whatsoever to own Heelys, especially now that Under Armour(UA Quote) is down."

Alcan(AL Quote): "That deal is almost done, you're in the 90s, you're being greedy. Remember, bulls make money, bears make money, hogs get slaughtered. ... I want you to hang up now and SellSellSell."

China BAK Battery(CBAK Quote): "That stock be sizzlin'! ... The China market is going nuts. ... The two, the aluminum company [Alcan] and this one, they keep going higher. ... All I know is if you are greedy on these, you will be annihilated."

Target(TGT Quote): "This is a total consumer play. It happens to be better run than Wal-Mart(WMT Quote), better run than Macy's(M Quote), better run than Kohl's(KSS Quote). ... Problem is I can't think of a catalyst to move it. I'm gonna give you a 'Don'tBuy' because I have a feeling they're not gonna have a good quarter."