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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 is the best way to invest in the Semiconductor index?-- Tony from Virginia

James J. Cramer:

There are various indices and closed-end mutual funds that track the chip sector, but I believe that viewers should focus on the most liquid, which is the

Semiconductor HOLDRs Trust

(SMH) - Get VanEck Semiconductor ETF Report


Am I nuts for liking Bank of America (BAC) - Get Bank of America Corp Report? -- Bruce from British Columbia, Canada

James J. Cramer:

The large-cap banks like BofA do appear cheap on an earnings basis, but I also believe their profitability has peaked for the time being.

Companies like this live and die by the yield curve and just don't make as much money when short-term and long-term interest rates are this close. While Bank of America's 4.6% dividend is attractive, I believe there are better investment choices out there.

What is your opinion of Novell (NOVL) ?-- Carlos from New Jersey

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James J. Cramer:

This is a small fish that continues to struggle against much larger competitors in a number of technology areas. While some folks believe that Novell could eventually be a takeover target, viewers should avoid this name.

I know that you don't like market orders, but sometimes I place a limit order that isn't filled. What do you suggest?-- David from Denver

James J. Cramer:

Just because you set a price at which you'd like to trade, does not mean the market has to accept it. While placing market orders around the open of trading can save you from receiving an unfavorable price, the fact is that it can limit your ability to actually execute the trade. That said, I believe the reward of this strategy far outweighs the potential risk.

What are companies actually saying when they split their stock?-- Liz from Wyoming

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James J. Cramer:

Stock splits have no meaningful effect on a stock's fundamentals. This is done primarily because individuals tend to be more likely to buy 100 shares of a $40 stock than 50 shares of an $80 stock. Either way, you're investing the same amount of money.

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