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Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Wednesday evening: ConocoPhillips ( COP): "Of the major oils that will turn fast, Conoco will turn first. ... So you hold on." KeySpan ( KSE): "I would be doing a little register-ringing." Nokia ( NOK): "That is the secular loser. ... Motorola ( MOT) ... is the only cell-phone company I am willing to buy right now." Research In Motion ( RIMM): This tech tape (market), while OK, is too hard for Research In Motion, which did not report a good quarter." Micron ( MU): "This fits exactly my thesis of what I say you can tough it out with." Red Hat ( RHAT): "Ring the register. Don't give that gain back. That's a precious gain." Lexar ( LEXR): "I really want to back up the truck if that one comes down." Google ( GOOG): "I think this stock acts remarkably well. I am still using a $350 price target by year-end." Cree ( CREE): "I think this market's too tough to own the Crees." Newmont Mining ( NEM): "I say ixnay on the Newmontay but yes on GG ( Goldcorp ( GG)."
Lightning RoundBullish Cramer was bullish on ConocoPhillips ( COP), Motorola ( MOT), Micron Technology ( MU), Charles Schwab ( SCH), Ameritrade ( AMTD), E*Trade Financial ( ET), Lexar Media ( LEXR), Google ( GOOG), PetroQuest Energy ( PQUE), Goldcorp ( GG), Skyworks Solutions ( SWKS), Ultra Petroleum ( UPL) and Marathon Oil ( MRO). Bearish Cramer was bearish on KeySpan ( KSE), Nokia ( NOK), Ericsson ( ERICY), International Rectifier ( IRF), West Marine ( WMAR), Research In Motion ( RIMM), Red Hat ( RHAT), Knight Capital Group ( NITE), American Superconductor ( AMSC), Cree ( CREE), Newmont Mining ( NEM), Continental Airlines ( CAL), Electronic Arts ( ERTS), New York Community Bancorp ( NYB), Activision ( ATVI), Take-Two Interactive ( TTWO) and Wells Fargo ( WFC).
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|