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Editor's Note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

What do you think of buying Southwest Airlines (LUV) , when Delta Air Lines (DAL) and Northwest Airlinesundefined are on the verge of bankruptcy?-- Josh from Georgia

James J. Cramer:

I would avoid Southwest at this time and any time down the road. I know that the company has the best financials in the industry, but I've saved myself a lot of money over the years by never investing in this cash-draining sector.

Procter & Gamble (PG) and Gillette (G) have been moving in unison, since the merger announcement in January. Does it matter which stock I buy?-- Bryce from Minnesota

James J. Cramer:

In the short term, maybe. In the long term, not really. Gillette was recently trading at a slight 0.8% discount to Procter's bid, but a few months from now, when the deal closes, everyone will be holding PG shares. In full disclosure, I own Gillette in my charitable trust,


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I own eBay (EBAY) , FedEx (FDX) , Genentech (DNA) , Caterpillar (CAT) and Pulte Homes (PHM) . Am I diversified?-- Mike from Indiana

James J. Cramer:

Yes, I'd say that you are diversified. I will say, however, that I'm less bullish on eBay these days, until we see what management has planned for its recent purchase of Internet phone provider



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.