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 on the "Mad Money Lightning Round" Wednesday evening:

Conexant

( SGP): "I say Conexant is going to $2.50."

Waste Management

( WMI): "Shadow of its former self. A once great company ... That stock has come and gone, and you might as well ring the register."

Red Hat

( RHAT): "I no longer feel qualified" to advise on the stock, said Cramer, who had flushed it at $18. The stock just hit a 52-week high.

Schering-Plough

( SGP): "It's the only drug company that's worth buying."

Time Warner

(TWX)

: After a big quarter there may not be much more upside, and so "You want to be a publisher? You buy some

Scripps

( EK). They've got a business model."

Eastman Kodak

( EK): "Please exit it. ...They'll let you exit. ... You're not chained to that stock."

Lightning Round

Bullish

Cramer was bullish on

Google

(GOOG) - Get Report

,

Apple Computer

(AAPL) - Get Report

,

Wachovia Bank

(WB) - Get Report

,

Advanced Micro Devices

(AMD) - Get Report

,

Conexant Systems

( SGP),

Hansen Natural

( HANS),

L-3 Communications

(LLL) - Get Report

,

Microsoft

(MSFT) - Get Report

,

Marriott

(MAR) - Get Report

,

Hilton Hotels

(HLT) - Get Report

,

UnitedHealth Group

(UNH) - Get Report

,

Schering-Plough

( SGP),

Dow Chemical

(DOW) - Get Report

,

GlaxoSmithKline

(GSK) - Get Report

,

Kinder Morgan

(KMI) - Get Report

,

Nabors Industries

(NBR) - Get Report

,

Georgia Gulf

(GGC)

,

International Business Machines

(IBM) - Get Report

and

XTO Energy

( XTO).

Bearish

Cramer was bearish on

Shanda Interactive Entertainment

( SNDA),

TJX

(TJX) - Get Report

,

Northern Trust

(NTRS) - Get Report

,

Waste Management

( WMI),

Level 3 Communications

(LVLT)

,

Intergraph

(INGR) - Get Report

,

PacifiCare Health Systems

( PHS),

Time Warner

(TWX)

,

Eastman Kodak

( EK) and

Symbol Technologies

( SBL).

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 Microsoft and UnitedHealth Group.

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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clicking here

.