Click here for an archive of Cramer's "Mad Money" recaps.

"Over the next few months, there is just a huge amount of money to be made owning technology stocks ... and I don't want you sitting on the sidelines," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Tech, like few other sectors, performs when the calendar says it will, he said. With the back-to-school and holiday seasons coming up, the products that technology companies sell are or will soon be in huge demand.

And if people wait to buy these stocks in the fall, they will surely miss out on a big part of the move, Cramer said.

Tech companies are "brimming with cash," he went on. They are buying back stocks and are in a great financial state. Right now, PC makers Dell ( DELL) and Hewlett-Packard ( HPQ), which Cramer owns for his charitable trust, Action Alerts PLUS , are in the "sweet spot," he said.

Both are near their 52-week highs, but "big gains" are still in the future in the next three months, he said. Cramer said that he still considers H-P "criminally cheap" and that even though Dell may seem expensive, its growth rate should accelerate.

The PC industry is doing better than expected, and with price wars going on between the component makers, these PC companies' raw costs have never been cheaper, he said.

Further, H-P and Dell both have tremendous rest-of-world exposure. Cramer called H-P "a buyback king" and pointed out that Dell's consumer retail plan has been working out better than people expected.

Dell or H-P: "The time is right for both," he said.

Wade Into Riverbed

Riverbed Technology ( RVBD), Cramer told viewers, is a speculative tech stock he likes.

Although this stock is up, Cramer said, he is still confident that Riverbed has room to go even higher. The company, he said, has been "coining money" off its WAN optimization technology, and its Steelhead line of appliances saves its customers bandwidth.

However, before market players think of buying Riverbed, Cramer said he wants them to understand that the stock is a hard one to trade, which is why he's advising people to invest in it -- not trade it.

Although he does believe that Riverbed is a buy, Cramer wants people to be prepared for the probability that the stock might swing on earnings.

"If you're up for some risk, consider putting half down on Riverbed," and focus on its long-term story, Cramer said. "Don't let the volatility around its quarter scare you."

"Riverbed is the poster child for paying up for best of breed," he added. Although it's not cheap, it is worth the money. "Great high-growth stocks with great momentum are hardly ever cheap," Cramer said.

"There's no limit to what the Street will pay for it, because growth on Wall Street is like crack, and Riverbed's growth is unparalleled."

Am I Diversified?

During the "Am I Diversified?" game, Cramer's first caller named the following five stocks: Apple ( AAPL), BP ( BP), Disney ( DIS), Kohl's ( KSS) and Starwood Hotels ( HOT).

This is "perfect diversification," Cramer said. However, he said he prefers Wyndham ( WYN) to Starwood, J.C. Penney ( JCP) to Kohl's and Time Warner ( TWX) or Discovery ( DISCA) to Disney.

The second caller asked if he was diversified with these five plays: Volvo ( VOLV), Nordic American Tanker ( NAT), Bank of America ( BAC), Cisco ( CSCO) and Nokia ( NOK).

Cramer called out a tech pair in Cisco and Nokia and suggested that the caller sell Nokia and buy a health care stock instead.

The next player called in with the following five names: AT&T ( T), Bristol-Myers ( BMY), Chevron ( CVX), Emerson Electric ( EMR) and Washington Mutual ( WM).

Cramer called the portfolio "dynamite," but he told the viewer to consider getting into Bank of America instead of Washington Mutual.

The last caller's portfolio was made up of the following five companies: Corning ( GLW), Lundin Mining ( LMC), Bank of America, Apple and NYSE-Euronext ( NYX), a stock, along with Corning, that Cramer owns for his charitable trust.

Cramer blessed the portfolio as diversified and recommended the caller stay with it.

Want Waste Services

Recently on , Cramer said he had looked for stocks with big insider buying and big short positions and had found Waste Services ( WSII).

Despite reporting a strong quarter Tuesday, the stock didn't budge today, he said. Cramer welcomed the company's CEO, David Sutherland-Yoest, to the show and asked him if the bar was raised too high on the stock.

"We exceeded our internal expectations," Sutherland-Yoest said. The market, he said, hasn't understood the company's assets with its swap out of WCA Waste ( WCAA) and its acquisition of a Florida transfer station and hauling company.

Next quarter, the CEO continued, could reflect better numbers as people will be able to recognize the value of WSII's South Florida assets.

"To me, it seems like a good place to be," Cramer said of WSII. "Sometimes these stocks don't move like they should. I'm sticking by it."

To view Cramer's interview with David Sutherland-Yoest, please click here .

During the "Sudden Death" round, Cramer was bullish on Schlumberger ( SLB). He was bearish on Tesoro ( TSO) and Baker Hughes ( BHI).

Lightning Round

Cramer was bullish on Freeport-McMoRan ( FCX), Celgene ( CELG), Schlumberger ( SLB), Bank of America ( BAC), Citigroup ( C), Hologic ( HOLX), Dominos Pizza ( DPZ), Tata Motors ( TTM), Accenture ( ACN), Trinity Industries ( TRN), Leucadia National ( LUK), Brookfield Asset Management ( BAM), Nike ( NKE), Caterpillar ( CAT) and Terex ( TEX).

Cramer was bearish on Human Genome Sciences ( HGSI), ING ( ING), Spartan Motors ( SPAR) and Joy Global ( JOYG).

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

Pop Quiz! Are you a loyal "Mad Money" viewer? Take's new "Mad Money" culture quiz to see how much of the show you've caught this week or just to immerse yourself in Cramer's nonfinancial madness.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.
At the time of publication, Cramer was long Hewlett-Packard, NYSE Euronext, Corning, Citigroup, Nike, Hologic, Caterpillar and Freeport McMoRan.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.

If you liked this article you might like

Qualcomm Nets Wireless Licenses in India

Qualcomm Nets Wireless Licenses in India

SEC Probes Other Deals: Report

SEC Probes Other Deals: Report

Cramer's 'Mad Money' Follow-Up: April 15

Cramer's 'Mad Money' Follow-Up: April 15

Cramer's 'Mad Money' Follow-Up: April 14

Cramer's 'Mad Money' Follow-Up: April 14

Cramer's 'Mad Money' Follow-Up: March 25

Cramer's 'Mad Money' Follow-Up: March 25