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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" Wednesday evening:

ConocoPhillips

( RIMM): "Of the major oils that will turn fast, Conoco will turn first. ... So you hold on."

KeySpan

( KSE): "I would be doing a little register-ringing."

Nokia

( MOT): "That is the secular loser. ...

Motorola

( MOT) ... is the only cell-phone company I am willing to buy right now."

Research In Motion

( RHAT): This tech tape (market), while OK, is too hard for Research In Motion, which did not report a good quarter."

Micron

( RHAT): "This fits exactly my thesis of what I say you can tough it out with."

Red Hat

( LEXR): "Ring the register. Don't give that gain back. That's a precious gain."

Lexar

( LEXR): "I really want to back up the truck if that one comes down."

Google

(GOOG) - Get Free Report

: "I think this stock acts remarkably well. I am still using a $350 price target by year-end."

Cree

(CREE) - Get Free Report

: "I think this market's too tough to own the Crees."

Newmont Mining

(NEM) - Get Free Report

: "I say ixnay on the Newmontay but yes on GG (

Goldcorp

( ERTS)."

XTO Energy

( XTO): "If you're a long-termer, then you don't need to ring the register. ... XTO could be off three smackers in a heartbeat in this tape. But if this stock breaks 40, I wanna buy it."

Electronic Arts

( ERTS): "Get close, my contacts indicate to me that Electronic Arts is not having a good quarter. ... I think the next 3 points are down. ... Buy it back after it has that selloff."

Wells Fargo

(WFC) - Get Free Report

: "I predict that you could come back two months from now and that stock will be exactly where it is. ... It's like watching paint dry."

Marathon Oil

(MRO) - Get Free Report

: "Some clown analyst is gonna say ring the register. ... You wait to 55 and then you do a 'mon back.*"

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

Lightning Round

Bullish

Cramer was bullish on

ConocoPhillips

( RIMM),

Motorola

( MOT),

Micron Technology

( RHAT),

Charles Schwab

( SCH),

Ameritrade

(AMTD) - Get Free Report

,

E*Trade Financial

(ET) - Get Free Report

,

Lexar Media

( LEXR),

Google

(GOOG) - Get Free Report

,

PetroQuest Energy

undefined

,

Goldcorp

( ERTS),

Skyworks Solutions

(SWKS) - Get Free Report

,

Ultra Petroleum

undefined

and

Marathon Oil

(MRO) - Get Free Report

.

Bearish

Cramer was bearish on

KeySpan

( KSE),

Nokia

( MOT),

Ericsson

( ERICY),

International Rectifier

(IRF)

,

West Marine

(WMAR)

,

Research In Motion

( RHAT),

Red Hat

( LEXR),

Knight Capital Group

(NITE)

,

American Superconductor

(AMSC) - Get Free Report

,

Cree

(CREE) - Get Free Report

,

Newmont Mining

(NEM) - Get Free Report

,

Continental Airlines

(CAL) - Get Free Report

,

Electronic Arts

( ERTS),

New York Community Bancorp

( NYB),

Activision

(ATVI) - Get Free Report

,

Take-Two Interactive

(TTWO) - Get Free Report

and

Wells Fargo

(WFC) - Get Free Report

.

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 Motorola.

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

.