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

Halliburton

(HAL) - Get Free Report

: "This stock's gonna see 55 before it sees 65."

Penn National Gaming

(PENN) - Get Free Report

: "Holy cow. This is a casino of pain. ... Every one of these

gaming stocks is in free fall. Anybody who gets in, gets their head cut off. But I would rather own Penn National Gaming ahead of the others, and if it goes to 25, I'm doing a 'mon back.*"

Southwest Energy

(SWN) - Get Free Report

: "Let's take no prisoners. I think Southwestern and

EnCana

(ECA) - Get Free Report

represent the class of the group."

General Motors

( CD): "Don'tBuyDon'tBuyDon'tBuy."

Cendant

( CD): "I wanna buy the stock. ... I think paddles will work here." That is, the stock can be brought back to life.

Google

(GOOG) - Get Free Report

: "I still think Google is an all-aboard situation. ... Three-fifty is my price target."

Bristol-Myers

(BMY) - Get Free Report

: "When you factor in the dividend, even this one is getting you back to even."

Archer Daniels Midland

(ADM) - Get Free Report

: "Has had a history of missing the quarter. ... So I would take a little off

the table."

Wal-Mart

(WMT) - Get Free Report

: "Wal-Mart is two thumbs up. Way up."

Chesapeake Energy

(CHK) - Get Free Report

: "At 25, I will get involved and buy it."

Revlon

(REV) - Get Free Report

: "I would ring the register."

Altria

(MO) - Get Free Report

: "We are in this stock not for the earnings tomorrow, which will be OK, we're in it for the big restructuring in two months."

Lightning Round

Bullish

Cramer was bullish on

Penn National Gaming

(PENN) - Get Free Report

,

Southwestern Energy

(SWN) - Get Free Report

,

Cendant

( CD),

Google

(GOOG) - Get Free Report

,

Bristol-Myers Squibb

(BMY) - Get Free Report

,

American Electric Power

(AEP) - Get Free Report

,

PNM Resources

(PNM) - Get Free Report

,

Duke Energy

(DUK) - Get Free Report

,

J.P. Morgan Chase

(JPM) - Get Free Report

,

Wal-Mart Stores

(WMT) - Get Free Report

,

General Maritime

(GMR)

,

Goldman Sachs

(GS) - Get Free Report

and

Altria

(MO) - Get Free Report

.

Bearish

Cramer was bearish on

Halliburton

(HAL) - Get Free Report

,

Sprint Nextel

(S) - Get Free Report

,

Valero Energy

(VLO) - Get Free Report

,

General Motors

( CD),

BioCryst Pharmaceuticals

(BCRX) - Get Free Report

,

Panacos Pharmaceuticals

(PANC)

,

Progressive

(PGR) - Get Free Report

,

Knightsbridge Tankers

undefined

,

Dobson Communications

(DCEL)

,

International Securities Exchange

( ISE),

Bancolombia

(CIB) - Get Free Report

and

Revlon

(REV) - Get Free Report

.

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

Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

At the time of publication, Cramer was long Altria, Cendant, EnCana and Halliburton.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by

clicking here

.