Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round": Martha Stewart Living Omnimedia ( MSO): "I'm sticking with my 'mon back*. I think she's gonna be big. ... You go into any Kmart, you are stepping into Martha Stewart's house." Open Text ( OTEX - Get Report): "Ring the register. That thing has no pin action whatsoever." Humana ( HUM - Get Report): "I anoint you Sir Humana. I think Humana is good. It's not as good as UNH ( UnitedHealth Group ( UNH - Get Report)), but you know what, it's going higher." Movie Gallery : "Get off the phone and sell it."
Lightning RoundBullish Cramer was bullish on Whole Foods Market , Martha Stewart Living Omnimedia ( MSO), Grant Prideco Charles & Colvard ( CTHR - Get Report), El Paso , CNET Networks ( CNET - Get Report), TurboChef Technologies , Humana ( HUM - Get Report), Aetna ( AET), WellPoint ( WLP), UnitedHealth Group ( UNH - Get Report), Raytheon ( RTN - Get Report), General Dynamics ( GD - Get Report), L-3 Communications ( LLL - Get Report), Grey Wolf , Marathon Oil ( MRO - Get Report), Pioneer Natural Resources ( PXD - Get Report), Valero Energy , Genentech ( DNA), Amgen ( AMGN - Get Report), J.C. Penney ( JCP - Get Report), Hydril and Microsoft ( MSFT - Get Report). Bearish Cramer was bearish on Quiksilver ( ZQK), Pacific Sunwear of California ( PSUN), Apollo Group ( APOL), Imax ( IMAX - Get Report), Usec ( USU), Open Text ( OTEX - Get Report), Calpine ( CPN), Molex ( MOLX), Time Warner ( TWX), Newpark Resources ( NR - Get Report), J.B. Hunt Transport Services ( JBHT - Get Report), Symantec ( SYMC - Get Report), Oracle ( ORCL - Get Report), Computer Associates ( CA), Movie Gallery , AMR ( AMR - Get Report) and Geron ( GERN - Get Report). *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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|