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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: Conexant ( CNXT): "I say Conexant is going to $2.50." Waste Management ( WMI): "Shadow of its former self. A once great company ... That stock has come and gone, and you might as well ring the register." Red Hat ( RHAT): "I no longer feel qualified" to advise on the stock, said Cramer, who had flushed it at $18. The stock just hit a 52-week high. Schering-Plough ( SGP): "It's the only drug company that's worth buying." Time Warner ( TWX): After a big quarter there may not be much more upside, and so "You want to be a publisher? You buy some Scripps ( SSP). They've got a business model." Eastman Kodak ( EK): "Please exit it. ...They'll let you exit. ... You're not chained to that stock."
Lightning RoundBullish Cramer was bullish on Google ( GOOG), Apple Computer ( AAPL), Wachovia Bank ( WB), Advanced Micro Devices ( AMD), Conexant Systems ( CNXT), Hansen Natural ( HANS), L-3 Communications ( LLL), Microsoft ( MSFT), Marriott ( MAR), Hilton Hotels ( HLT), UnitedHealth Group ( UNH), Schering-Plough ( SGP), Dow Chemical ( DOW), GlaxoSmithKline ( GSK), Kinder Morgan ( KMI), Nabors Industries ( NBR), Georgia Gulf ( GGC), International Business Machines ( IBM) and XTO Energy ( XTO). Bearish Cramer was bearish on Shanda Interactive Entertainment ( SNDA), TJX ( TJX), Northern Trust ( NTRS), Waste Management ( WMI), Level 3 Communications ( LVLT), Intergraph ( INGR), PacifiCare Health Systems ( PHS), Time Warner ( TWX), Eastman Kodak ( EK) and Symbol Technologies ( SBL).
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|