To see the full "Mad Money" recap, please click here .


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)."

XTO Energy ( XTO): "If you're a long-termer, then you don't need to ring the register. ... XTO could be off three smackers in a heartbeat in this tape. But if this stock breaks 40, I wanna buy it."

Electronic Arts ( ERTS): "Get close, my contacts indicate to me that Electronic Arts is not having a good quarter. ... I think the next 3 points are down. ... Buy it back after it has that selloff."

Wells Fargo ( WFC): "I predict that you could come back two months from now and that stock will be exactly where it is. ... It's like watching paint dry."

Marathon Oil ( MRO): "Some clown analyst is gonna say ring the register. ... You wait to 55 and then you do a 'mon back.*"

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Lightning Round

Bullish

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
At the time of publication, Cramer was long Motorola.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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