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The hardest thing for any investor to do is to stay in the game, "even on an ugly day like today," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

But it's necessary to make money, he said, especially with all the

private-equity money coming into the market.

To stay interested, market-players need to

speculate up to one-fifth of their portfolios, Cramer said. He came up with a horse race consisting of three stocks trading around $10 each that may have some "quick upside."

Cramer calls the three "horse racing stocks" because speculating is like gambling, only more responsible when done right. The following three, he said, could go from $10 to $12 "in a heartbeat":

Dynegy

(DYN)

,

Brocade Communications

(BRCD)

and

Qwest

(Q)

.

These are three companies that share some history, Cramer said. They're all bullish stocks that have been "trashed."

Dynegy fell because of its former CEO Chuck Watson, but then was "rescued" by its current CEO Bruce Williamson, Cramer said, adding that he believes that Dynegy could go from $10 to $12 after finally making money this year. Or, Cramer said it could be bought out.

Cramer likes Brocade more than Dynegy. The company, he said, took out its main competitor recently and should easily start beating its numbers by consolidating costs and increasing prices. "Brocade has momentum but is scary -- which is exciting," Cramer said.

But his favorite of the three is Qwest, he said. The stock is under $9 now, but it could be the first one to get to $12, Cramer said. It has pulled back enough that now it should be ready to run.

Once people buy, they shouldn't forget to sell any of these three when they "finish the race," that is, reach $12, Cramer said. Qwest, Brocade and Dynegy -- in that order, he advised.

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The Aristocrats

Cramer said he calls stocks that have increased their

dividend consistently for the last five years "Aristocratic Stocks." He said he got this name from Stockpickr.com's

Dividend Aristocrats porrtfolio.

"Like hips, dividends don't lie," said Cramer, borrowing from Shakira's song. "Owning dividend-improved stocks pay you more and more money for no reason."

Even though dividends may not be as interesting as speculation, it is "money in your pocket" and an insulation against a weak economy, he said.

Cramer picked his top three Aristocrats from Stockpickr.com's portfolio:

Walgreen

(WAG)

,

Grainger

(GWW) - Get Report

and

Automatic Data Processing

(ADP) - Get Report

.

Of thethree, Cramer said his favorite was ADP. A transaction-processing company, ADP recently spun off its brokerage services division, which enabled the stock to achieve accelerated revenue growth, he said.

In addition to the "smart" spinoff, Cramer said ADP has "good numbers" and a "gigantic" buyback. He urged people to check out ADP and Stockpickr.com's Dividend Aristocrats portfolio.

Am I Diversified?

During Cramer's "Am I Diversified?" segment, his first viewer called in with the following five stocks:

Jones Soda

(JSDA)

,

Syntax-Brillian

( BRLC),

Freeport-McMoran

(FCX) - Get Report

,

Compuware

(CPWR)

and

AU Optronics

(AUO)

.

Cramer pointed out a three-way pair with AU Optronics, Compuware and Syntax-Brillian. He advised keeping Freeport-McMoran and Jones Soda, throwing back the rest and getting some defense, finance and health action.

A second caller asked Cramer if he was diversified with these five stocks:

UnionBanCal

( UB),

ConocoPhillips

(COP) - Get Report

,

Pinnacle West

(PNW) - Get Report

,

Piedmont Natural Gas

(PNY)

and

TXU

( TXU).

Cramer said the portfolio was "way too undiversified," and suggested ringing the register on TXU, Piedmont and Pinnacle West. Further, he advised the viewer to pick up a health care play, defense stock and "plain vanilla" manufacturer.

Cramer's last caller named the following five plays:

Kraft

( KFT),

FedEx

(FDX) - Get Report

,

BP

(BP) - Get Report

,

Interactive Intelligence

(ININ)

and

Altria

(MO) - Get Report

, which Cramer owns for his charitable trust,

Action Alerts PLUS.

Cramer told the caller that once he gets rid of Kraft, and gets into another sector instead, his portfolio will be diversified.

In his "Mad Mail" segment, Cramer told a viewer that

Lundin Mining

( LMC) is following the same path as

Yamana Gold

(AUY) - Get Report

.

Further, he said that LMC is down because it recently completed an acquisition and that he would buy it on any pullbacks.

Responding to another mailer, Cramer said he believes that

Dean Foods

(DF) - Get Report

"is going back to where it was before it paid its dividend."

He called it one of the "best managed" and "proshareholder" companies he knows.

During the "Sudden Death" round, Cramer was bullish on

Disney

(DIS) - Get Report

and

Coeur d'Alene Mines

(CDE) - Get Report

. He was bearish on

Hovnanian Enterprises

(HOV) - Get Report

.

Lightning Round

Cramer was bullish on

Airgas

(ARG)

,

Akamai Technologies

(AKAM) - Get Report

,

DivX

( DIVX),

Vertex Pharmaceuticals

(VRTX) - Get Report

,

HealthExtras

( HLEX),

MedcoHealth

(MHS)

,

Express Scripts

(ESRX)

,

Terra Nitrogen

(TNH)

,

Mosaic

(MOS) - Get Report

,

Sociedad Quimica

(SQM) - Get Report

,

M&F Worldwide

( MFW),

American Ecology

(ECOL) - Get Report

,

Harris

(HRS)

,

NYSE Euronext

(NYX)

,

Wheeling-Pittsburgh

( WPSC),

Reliance Steel

(RS) - Get Report

and

Nucor

(NUE) - Get Report

.

Cramer was bearish on

Sonic Solutions

( SNIC) and

CMGI

( CMGI).

For more of Cramer's insights during the Lightning Round, click here

.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by

clicking here

.

At the time of publication, Cramer was long Express Scripts, NYSE and Altria.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.