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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Thursday evening: IBM: "Paid too much for FileNet. Really scary." JDSU: "That thing is just
Qwest: "Eight dollars is just a pit stop, a way station on the way to 10." Juniper Networks: "Why do you need Juniper ... when you can own ... Cisco? It's back and bigger than ever." Valero Energy: "Sells at six times earnings. Got the biggest buyback on the New York Stock Exchange." Coldwater Creek: "Good to buy here from 21 to 25. ... If you want safety, I'm sending you back to JCP."
Cramer was bearish on IBM ( IBM), JDSU ( JDSU), UTStarcom ( UTSI), International Paper ( IP), Witness Systems ( WITS), PetSmart ( PETM), Petrohawk Energy ( HAWK), Zumiez ( ZUMZ), Armor Holdings ( AH), Constellation Brands ( STZ) and Juniper Networks ( JNPR). *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.
Lightning RoundCramer was bullish on Wheeling-Pittsburgh ( WPSC), Oregon Steel ( OS), Devon Energy ( DVN), Qualcomm ( QCOM), TD Ameritrade ( AMTD), Wausau Paper ( WPP), BHP Billiton ( BHP), Qwest ( Q), Cisco ( CSCO), Valero ( VLO) and J.C. Penney ( JCP).