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Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round" Friday evening: Sirius ( SIRI): "I'm gonna have to hit "don't buy, don't buy, don't buy. ... I am worried about the September numbers. I think you should be out of Sirius and into XM ( XMSR). I know, Stern, Stern, Stern." Schering-Plough ( SGP): "I reiterate that Fred Hassan is the No. 1 CEO in the drug group. If he can't do it, no one can." Wells Fargo ( WFC): "I used to be a big fan of Wells Fargo. ... "I am no longer a champion of Wells Fargo. ... The problem here is the Federal Reserve is killing these banks. ... I demand that you ring the register." United Technologies ( UTX): "I think the move is starting to be made. ... That stock will not be denied. Very well run and cheeeeeeeeeeeeap."
Lightning RoundBullish Cramer was bullish on Genentech ( DNA), Urban Outfitters ( URBN), KOS Pharmaceuticals ( KOSP), Goldcorp ( GG), Ultra Petroleum ( UPL), Schering-Plough ( SGP), Penn National Gaming ( PENN), Statoil ASA ( STO), United Technologies ( UTX), Amedisys ( AMED), Garmin ( GRMN), Superior Industries International ( SUP), Coach ( COH), Cemex ( CX) and Microsoft ( MSFT). Bearish Cramer was bearish on American Eagle Outfitters ( AEOS), Abercrombie & Fitch ( ANF), Aeropostale ( ARO), Sirius Satellite Radio ( SIRI), Wells Fargo ( WFC), WPT Enterprises ( WPTE), Newmont Mining ( NEM), Plantronics ( PLT), Fleetwood Enterprises ( FLE), Independence Community Bank ( ICBC), IBM ( IBM) and Microtune ( TUNE).
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|