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Tech is the real deal. Stop believing tech is a sham. Forget about the past and get long tech. That's what Jim Cramer told his viewers on his "Mad Money" show Thursday night.

Viewers of the show on CNBC were told to stop thinking short term and become an owner of technology. Quit selling every up move in technology, Cramer said. We are not living in 1999; tech today is moving up on real numbers, not hot air, Cramer continued.

Consider Google ( GOOG). Lehman Brothers raised its price target on the stock to $350, from $275, and lifted its earnings estimate to $7.53 for 2006, up from an earlier forecast of $7.18 a share. If you assign Google a 60 multiple, which is where Yahoo! ( YHOO) trades, the stock would trade at $450 a share. But price targets don't matter as much with Google, said Cramer. It's the profit. If Google earns $7.53 a share in 2006, the stock is cheap.

In sum, Cramer said that tech is not a pipe dream made of hype. It's the real deal. Big-cap technology is cheap here and you should buy it, said Cramer.

Investors should also be looking at the bargains in oil and real estate, especially after Thursday's glorious sale, Cramer said. To play the oil stocks and real estate, Cramer said that he would buy Valero ( VLO) for oil and Vornado Realty Trust ( VNO) for real estate.

Cramer believes that it is going to be a race to $100 with these two stocks. Which one will get to $100 first? Valero trades at around $81 and Vornado trades at about $83, but Cramer believes Valero will cross the $100 line first. But no worries, Cramer said. They're both going to $100, even if Valero gets there first.

And what about the restaurant stocks? Cramer said that he would rather own Sonic ( SONC), which is still a regional company, instead of PF Chang's China Bistro ( PFCB) or California Pizza Kitchen ( CPKI), both of which are national chains. Why? Because Sonic has a lot more room to grow; its best days are still ahead of it.

"Moving from regional to national means big growth," Cramer said. When a restaurant chain has saturated most of the country, then it's time to move out of the stock, Cramer continued. Sonic, which has 25% of its stores in Texas, still has a long way to go before it has stores all over the country.

What's more, the company hasn't yet entered California in a meaningful way -- not because the barriers to entry are difficult but because it has had difficult obtaining building permits. So, Cramer said, investors should be buying Sonic.

And how about Commerce Bancorp ( CBH)? Cramer admits to selling it too early and said that he wished he had more. Cramer said the company isn't a bank; it's a retailer masquerading as a bank. The company knows its customers and caters to their every need. Cramer visited the new Chinatown location in Manhattan Thursday and the place was teeming with people. Many of the new customers were there trying to get new safety deposit boxes, which have been difficult to find. New customers were also walking away with new rice cookers.

The company's chief executive, Vernon Hill, whom Cramer interviewed on the show Thursday night, said Cramer is correct about his conclusion that Commerce is more like a retailer and less like a bank. What's more, Hill said that the company has a lot more growth ahead of it. It recently opened its first two branches in Washington, D.C., and it plans to open more in the region. Cramer said he wished he owned more and told investors that they should go out and buy the stock.

Lightning Round

Bullish

Cramer was bullish on: Genentech ( DNA), Cogent ( COGT), Grey Wolf ( GW), Automatic Data Processing ( ADP), TurboChef ( OVEN), Abbott Labs ( ABT), Capital One Financial ( COF), Lions Gate Entertainment ( LGF), Global Industries ( GLBL), Pioneer Drilling ( PDC), EMC ( EMC), M&T Bank ( MTB), United Technologies ( UTX), Boeing ( BA), Lucent Technologies ( LU), Devon Energy ( DVN), Time Warner ( TWX), Harley-Davidson ( HDI), American International Group ( AIG), Schering-Plough ( SGP), Baker Hughes ( BHI) and General Mills ( GIS).

Bearish

Cramer was bearish on: Parker Drilling ( PKD), j2 Global Communications ( JCOM), OSI Pharmaceuticals ( OSIP), Holly ( HOC), ViaCell ( VIAC), Red Hat ( RHAT), Pharmaceutical Product Development ( PPDI), Pfizer ( PFE), Delphi ( DPH), Gen Probe ( GPRO), Fuelcell Energy ( FCEL), Agere Systems ( AGR), Bell Microproducts ( BELM), Harmony Gold ( HMY) and Netflix ( NFLX).


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.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules
At the time of publication, Cramer was long Boeing, Commerce Bancorp, General Mills, Lucent and Yahoo!.

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 Action Alerts PLUS. 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."