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" Tuesday evening:

Halliburton ( HAL): "This stock's gonna see 55 before it sees 65."

Penn National Gaming ( PENN): "Holy cow. This is a casino of pain. ... Every one of these gaming stocks is in free fall. Anybody who gets in, gets their head cut off. But I would rather own Penn National Gaming ahead of the others, and if it goes to 25, I'm doing a 'mon back.*"

Southwest Energy ( SWN): "Let's take no prisoners. I think Southwestern and EnCana ( ECA) represent the class of the group."

General Motors ( GM): "Don'tBuyDon'tBuyDon'tBuy."

Cendant ( CD): "I wanna buy the stock. ... I think paddles will work here." That is, the stock can be brought back to life.

Google ( GOOG): "I still think Google is an all-aboard situation. ... Three-fifty is my price target."

Bristol-Myers ( BMY): "When you factor in the dividend, even this one is getting you back to even."

Archer Daniels Midland ( ADM): "Has had a history of missing the quarter. ... So I would take a little off the table ."

Wal-Mart ( WMT): "Wal-Mart is two thumbs up. Way up."

Chesapeake Energy ( CHK): "At 25, I will get involved and buy it."

Revlon ( REV): "I would ring the register."

Altria ( MO): "We are in this stock not for the earnings tomorrow, which will be OK, we're in it for the big restructuring in two months."

Lightning Round

Bullish

Cramer was bullish on Penn National Gaming ( PENN), Southwestern Energy ( SWN), Cendant ( CD), Google ( GOOG), Bristol-Myers Squibb ( BMY), American Electric Power ( AEP), PNM Resources ( PNM), Duke Energy ( DUK), J.P. Morgan Chase ( JPM), Wal-Mart Stores ( WMT), General Maritime ( GMR), Goldman Sachs ( GS) and Altria ( MO).

Bearish

Cramer was bearish on Halliburton ( HAL), Sprint Nextel ( S), Valero Energy ( VLO), General Motors ( GM), BioCryst Pharmaceuticals ( BCRX), Panacos Pharmaceuticals ( PANC), Progressive ( PGR), Knightsbridge Tankers ( VLCCF), Dobson Communications ( DCEL), International Securities Exchange ( ISE), Bancolombia ( CIB) and Revlon ( REV).

*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
At the time of publication, Cramer was long Altria, Cendant, EnCana and Halliburton.

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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