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:

Playboy

(PLA)

: It's a house of pain for many years. I would sell the stock."

Sears Holdings

(SHLD)

: "Eddie Lampert, they all laughed. .... Buying back stock hand-over-fist. Bottom line, Sears goes higher."

National Semiconductor

(NSM)

: "National Semi is the value play in semis. ... I say two thumbs up. Goes below 25, I'm doin a 'mon back*."

Sara Lee

(SLE)

: "They have said the 4% yield

dividend is good. ... I believe you will see 24 by year-end. I remain bullish, Sara Lee."

Lions Gate Entertainment

(LGF)

: "I was pleased to see that finally they had a movie in the top 10. ... Lions Gate is stuck between 7 and 9; it gets to 9, I would sell the stock."

Cheniere Energy

(LNG) - Get Report

: "It does have that sort of paddles feel. ... We're stalled right here right now because natural gas is going down so much. Do not fret. I think you got a winner."

Verizon

(VZ) - Get Report

: "It doesn't get worse than this."

Apple Computer

(AAPL) - Get Report

: "That stock is going to $100. ... Apple is two thumbs up, way up."

Hercules Offshore

(HERO)

: "I like HERO, I like RIG (

Transocean

(RIG) - Get Report

), and man, let's blow the boat up with

GlobalSantaFe

(GSF)

."

Kinross Gold

(KGC) - Get Report

: "That accounting investigation is now complete. That is now the cheapest gold stock in my universe. ... I wanna own Kinross right here right now."

Echelon

(ELON)

: "I'm taking a pass. A rare pass. ... First time in 2006."

Image placeholder title

Fannie Mae

(FNM)

: "You just caught a five-point short squeeze but so what. ... I want you to swap out of Fannie and get into

Accredited Homes

(LEND) - Get Report

, six times earnings."

XM Satellite Radio

(XMSR)

: "It's got the momentum, I gotta tell ya. ... No knock on Mel Karmazin and Howard Stern (of

Sirius Satellite Radio

(SIRI) - Get Report

). XM is ahead of the game. ... It's fleet of foot."

CheckFree

(CKFR)

: "This is an unbelievably good company and I'm very proud that I nailed this one."

Pfizer

(PFE) - Get Report

: "SellSellSellSellSellSellSell."

Vishay Intertechnology

(VSH) - Get Report

: "Always cheap, always a creeper. One of the best managements."

ATI Technologies

(ATYT)

: "You've made the money. Ring the register."

Lightning Round

Cramer was bullish on:

Sears Holdings

(SHLD)

,

National Semiconductor

(NSM)

,

Sara Lee

(SLE)

,

Cheniere Energy

(LNG) - Get Report

,

Apple

(AAPL) - Get Report

,

Hercules Offshore

(HERO)

,

Transocean

(RIG) - Get Report

,

GlobalSantaFe

(GSF)

,

Kinross Gold

(KGC) - Get Report

,

Accredited Home Lenders

(LEND) - Get Report

,

XM Satellite Radio

(XMSR)

,

CheckFree

(CKFR)

,

Vishay Intertechnology

(VSH) - Get Report

Ameritrade

(AMTD) - Get Report

and

Harley-Davidson

(HDI)

.

Cramer was bearish on:

Playboy

(PLA)

,

Lions Gate Entertainment

(LGF)

,

Verizon

(VZ) - Get Report

,

Fannie Mae

(FNM)

,

Siliconware Precision Industries

(SPIL)

,

Pfizer

(PFE) - Get Report

,

ATI Technologies

(ATYT)

,

BioCryst Pharmaceuticals

(BCRX) - Get Report

and

Guitar Center

(GTRC)

.

*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 from his latest book by

clicking here

.

At the time of publication, Cramer was long Ameritrade and Sears Holdings.

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

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