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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: Exxon Mobil ( XOM - Get Report): "It's a bank. Not an oil company. It's my least favorite oil. But my least favorite oil is still better than anything else." Still, Cramer issued a Don'tBuyDontDon'tBuy. Verizon ( VZ - Get Report): "That's flat-lining. I need you to sell it." Dell ( DELL) "The problem with Dell is share take by Hewlett-Packard ( HPQ - Get Report)." Circuit City ( CC - Get Report): I don't like Circuit City ... May I throw in Radio Shack ( RSH)? The play of that group is Best Buy ( BBY - Get Report). Procter & Gamble ( PG - Get Report): "You know I'm proud of Procter & Gamble. The best managed company in the United States and I wouldn't sell a share!"
Lightning RoundBullish Cramer was bullish on Warren Resources ( WRES), Ciena ( CIEN - Get Report), Tekelec ( TKLC), JDSU ( JDSU), PPG Industries ( PPG - Get Report), Claire's Stores ( CLE), Allscripts Healthcare Solutions ( MDRX - Get Report), Hewlett-Packard ( HPQ - Get Report), Southwestern Energy ( SWN - Get Report), Procter & Gamble ( PG - Get Report), Lions Gate Entertainment ( LGF), American Express ( AXP - Get Report), Cendant ( CD), WellCare Health Plans ( WCG - Get Report), UnitedHealth Group ( UNH - Get Report), Weyerhaeuser ( WY - Get Report), Plum Creek Timber ( PCL), Georgia-Pacific ( GP), Newfield Exploration ( NFX), Hornbeck Offshore Services ( HOS - Get Report), Halliburton ( HAL - Get Report), Motorola ( MOT), Ericsson ( ERICY), Advanced Micro Devices ( AMD - Get Report), Toyota Motor ( TM - Get Report), Syneron Medical ( ELOS), Transocean ( RIG - Get Report) and GameStop ( GME - Get Report). Bearish Cramer was bearish on Exxon Mobil ( XOM - Get Report), Verizon Communications ( VZ - Get Report), Service Corporation International ( SCI), StoneMor Partners ( STON - Get Report), Dell ( DELL), Circuit City Stores ( CC - Get Report), Radio Shack ( RSH), Brocade Communications Systems ( BRCDE), Nokia ( NOK - Get Report), Best Buy ( BBY - Get Report) and IMAX ( IMAX - Get Report).
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|