'Mad Money Lightning Round': Ultra Petroleum Needs Pickens Boost

09/23/08 - 07:50 PM EDT

Scott Rutt

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" Tuesday evening:

Ultra Petroleum : "If we adopt the Pickens plan, Ultra will be one of the first ones to move up. But without it, it might just sit here. "

Salesforce.com : "They guided lower last time and I want to hear from their CEO before I recommend it again."

Exxon Mobil (XOM Quote - Cramer on XOM - Stock Picks): "It's not my favorite oil company, but I cannot tell you to sell it down here. They need to find more oil."

Echelon (ELON Quote - Cramer on ELON - Stock Picks): "I think that people are worried about Europe slowing down. Tech is way out of fashion, so I have to say don't buy."

Warren Resources : "This is just not as good as Ultra Petroleum (UPL Quote - Cramer on UPL - Stock Picks) so I'm not going to endorse this one. "

Ameritrade (AMTD Quote - Cramer on AMTD - Stock Picks): "I think Ameritrade is a good outfit. They are very shareholder friendly."

Discovery Holding : "This stock just recapitalized themselves, but not in a good way for shareholders. I don't like it, it's too hard to understand now."

BankingMyWay

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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

At the time of publication, Cramer was long Discovery Holding.

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."

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