"My feelings right now consist of three words: woulda, shoulda, coulda," Jim Cramer told "RealMoney" radio show listeners Friday. What brings him to this "table of sorrow?" The news that Alcatel ( ALA) is set to buy Lucent ( LU). Cramer used to own Lucent for his ActionAlerts PLUS charitable trust. "I gave up on Lucent some 20 cents ago," he said, which is a big deal when you once owned 30,000 shares. In 1996, Lucent, the telephone equipment business of AT&T ( T), was spun off and immediately became a hit because its focus was wireless. This is when wireless was just starting out, Cramer said, and there was an amazing build-out so that big phone companies could adapt to wireless. There was also deregulation that gave preference to new companies, which meant more business for Lucent, he said, and the stock flew higher. But it bottomed out at 58 cents after the tech bust, and Cramer bought it and saw it quadruple and triple. He sold it, the stock fell, and he picked up some more. But as the stock stagnated, Cramer grew impatient, and he eventually sold his position. Then the company announced its M&A deal. Cramer said that the lesson learned was that he had been impatient and let go of the stock too soon. If you only have $100 to invest, what's the best way to make some money? Is it to buy a bunch of $2 stocks and hope they rise? "That's thinking about it like a lottery ticket," Cramer said. "Almost always these $2 stocks fail," he said. "The odds are against you." He said that Movie Gallery ( MOVI) exemplifies this risk. USA Today ran an article saying that the CEO of Movie Gallery told investors to keep the faith in the movie rental business.