Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round" Wednesday evening: Qualcomm ( QCOM): "Did you hear the bullish stampede ... this great maker of the stuff that is inside your cell phone is just rocking. I'm issuing a 'mon back* right here." Wal-Mart ( WMT): "Don't buy, don't buy, don't buy. It is still a huge bummer to shop there. ... I can't get my kids to go there." XTO Energy ( XTO) "is strictly 'mon back material" because its properties will be unscathed by Hurricane Rita. Ashland ( ASH): "Why are they giving Ashland away? That's a mistake. I would buy that stock here."
Lightning RoundBullish Cramer was bullish on Qualcomm ( QCOM), Chesapeake Energy ( CHK), NovAtel ( NGPS), Peabody Energy ( BTU), Intel ( INTC), General Motors ( GM), Toyota Motor ( TM), XTO Energy ( XTO), Parker Drilling ( PKD), Ashland ( ASH), Lucent ( LU), The Southern Company ( SO) and GameStop ( GME). Bearish Cramer was bearish on Wal-Mart Stores ( WMT), Applied Materials ( AMAT), Gibraltar Industries ( ROCK), AmSouth Bancorporation ( ASO), Linear Technology ( LLTC), Seagate Technology ( STX), Synaptics ( SYNA), First Niagara Financial ( FNFG), Montpelier Re ( MRH), Tempur-Pedic ( TPX) and Calpine ( CPN). *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|