Cramer's 'Mad Money Lightning Round': Shine On, Syneron

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:

Anheuser Busch ( BUD): "Beer's not such a hot place to be in."

Harrah's ( HET): "I'll do it stick my neck in the block again on a gaming stock. I like that one, too. Two thumbs up, way up!"

Southwest ( LUV): "I'm sticking with Southwest."

PortalPlayer ( PLAY): "They issued stock after a good quarter. They committed a personal foul."

Progress Software ( PRGS): "I want you to take a little off the table. It's really rough out there and you have a really big gain."

Schlumberger ( SLB): "You've got to sell strength. That's what you got to do now."

IntraLase ( ILSE): "The guidance was terrific. This is day one of a multiweek move."

Stryker ( SYK): "I am staying negative ... on Stryker and Zimmer ( ZMH) ... until those companies realize the world has changed and they're not going to get their pricing back."

Abgenix ( ABGX): "Middling to worst-of-breed biotech. ... Sell the Abgenix."

Lions Gate ( LGF): "They should be buying back stock. ... That last movie wasn't so hot."

Snyeron ( ELOS): "The bears will be wrong on Syneron just like they were on IntraLase. That cellulite buster works!"

Time Warner ( TWX): "Very tough call. ... The way the cable business is going, I am going to start telling Verizon ( VZ) if they pay me $50 a month, I'll rip out Comcast ( CMCSA)."

Pike Electric ( PEC): "I like Pike. Eighteen bucks; I think it goes to 20."

i2 Technologies ( ITWO): "They missed the quarter so bad. ... I would wait four days and let it bounce, and then you gotta sell it."

NetEase.com ( NTES): "Chinese Internet too hard. Some stocks are too hard to own, and I'm also putting Baidu ( BIDU) and Shanda ( SNDA) in that category."

Chesapeake Energy ( CHK): "I don't know where Chesapeake is gonna be in the next 16 days. I know where it's gonna be in six years up. I want to do a mon back.*"

Lightning Round

Bullish

Cramer was bullish on Harrah's Entertainment ( HET), Southwestern Energy ( SWN), Yellow Roadway ( YELL), IntraLase ( ILSE), Scottish Power ( SPI), Syneron Medical ( ELOS), Chevron ( CVX), Pike Electric ( PEC) and Chesapeake Energy ( CHK).

Bearish

Cramer was bearish on Anheuser-Busch ( BUD), Progress Software ( PRGS), Schlumberger ( SLB), Stryker ( SYK), Zimmer Holdings ( ZMH), Abgenix ( ABGX), Ford ( F), Lions Gate Entertainment ( LGF), Time Warner ( TWX), Veeco Instruments ( VECO), i2 Technologies ( ITWO) and NetEase.com ( NTES).

*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

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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