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Friday's show was "not about stocks, but about strategy," Jim Cramer told viewers of his "Mad Money" TV show Friday.

He highlighted three stocks for which he's been waiting on a pullback so that they'd be cheap enough to buy, "stocks we've been waiting for a pullback on to do a 'mon back.*"

With the "big bad employment number out of the way," everyone is looking to buy stocks because it's like an "all-clear siren" has been sounded, he said; the market has been miserable as traders waited to see how the February payroll report would play out.

Now everyone wants stocks that were put on sale when the market was getting crushed and everything got cheap, but Cramer said that it's essential to buy only the best stocks in order to make a lot of money when the market goes higher.

Plus, since next week is options expiration week and the March expiration has a history of going higher, he believes money is sure to be made.

But to trade like a pro, you need to know what's been marked down because it's bad and what fell because it was crushed by bad sentiment.

Cramer said that a winner is a company that reported a great quarter, whose stock went up and then was brought down because the market turned down.

1. Martek Biosciences

Martek Biosciences ( MATK), is one such company, he said, even though he has earlier been bearish on the name.

True, the company has been plagued by inconsistent performance, Cramer said, but this time he believes things are different.

The company's last quarter was excellent and, he said, it could deliver many more good quarters in the future.

The company is a pioneer in the development of micro algae, which is added to foods to make them more healthful, he said, and it just got a contract to add its product to infant formula for Wal-Mart ( WMT).

While it's not a sure thing, he believes the company could also work with companies including Wyeth ( WYE), Nestle and Abbott ( ABT).

2. Finisar

Cramer said that Finisar ( FNSR) is another stock ready to bounce now that the market has turned higher.

The company is part of the fiber optic subsystems and testing business that includes JDSU ( JDSU) and it just reported a "monster quarter."

The stock spiked from near $2.50 to close to $5, Cramer said, but this doesn't mean that we've missed out.

The company is in a sector that is in bull market mode for the first time in years, he said, and while the recent run higher might look huge, it looks insignificant given the fact that the stock tanked with the tech bust and has been dead in the water for years until this week.

Finisar has room to go a lot higher from here, he said, and now a pullback is upon us.

The stock has come down from $4.75 to close Friday at $4.27, he said, and it's time to start buying here.

Don't buy all your position, he said, so if it goes down a little more on Tuesday you can back up the truck and load up.

The said the stock could "do a little backing and filling" but then he said it could fly.

3. Qualcomm

In his hunt for best-of-breed "rebound stocks" that are a real bargains, Cramer also found Qualcom ( QCOM), which he owns for his ActionAlerts PLUS charitable trust.

"It's a stock I think you'd be a fool not to own," he said, and in the "midst of the tumult" it substantially raised its guidance.

Qualcomm is a pioneer in CDMA technology, the most widely used and perhaps the best cell-phone technology out there, Cramer said. Plus, he said the company has seen very strong growth in wireless worldwide, especially in Europe and India.

"It's one of the best stories out there," he said, adding that investors rarely get an opportunity to buy a stock this good that has been knocked down for bad reasons.

Viewer Questions

A viewer wanted to know why said Broadcom ( BRCM) is getting hammered despite the fact that it looks like a good story. Cramer said that all the expensive stocks have gotten hit by profit-taking because this is not a market that favors high multiples.

We've seen Google ( GOOG), Broadcom and Marvell ( MRVL) come down as people ring the register, even if the fundamentals are good, he said. Cramer believes that Broadcom is still a good stock but warned that the viewer may have to "take a little more pain."

Cramer said that it would be foolish to think that Blockbuster ( BBI) is a buy under any circumstances, even though a viewer pointed out that the company has brought back late fees and increased its profit.

And even though a viewer pointed out that Middleby's ( MIDD) fundamentals look shaky to him, Cramer said that Middleby -- a company he featured on Wednesday's show -- is a growth stock, and he believes its earnings will come through.

Lightning Round

Cramer was bullish on Motorola ( MOT), Pan American Silver ( PAAS), Corning ( GLW), St. Jude Medical ( STJ), UnitedHealth Group ( UNH), Genentech ( DNA), Rackable Systems ( RACK), DuPont ( DD), Taiwan Semiconductor ( TSM), Micron Technology ( MU)and Broadcom ( BRCM).

Cramer was bearish on: JetBlue Airways ( JBLU), New Century Financial ( NEW), Silver Wheaton ( SLW), Lucent ( LU), Nuance Communications ( NUAN), Texas Regional Bancshares ( TRBS), Lyondell Chemical ( LYO), PDL BioPharma ( PDLI)and Microsemi ( MSCC).

For more of Cramer's insights during the most recent Lightning Round, click here.

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


Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

Here's your chance to pick the stock you'd like me to feature on my radio show March 16:
Kohl's
AT&T
Finisar
Elan
D.R. Horton
QLogic

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!

At the time of publication, Cramer was long Qualcomm, Motorola and UnitedHealth Group.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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