Mad Mail

Cramer told a viewer that he'll pass on Metalico ( MEA), a scrap metal recycling play. He said while the scrap metal business is strong, this under-$5 stock needs a catalyst and Cramer doesn't see one.

When asked about Bank of Montreal ( BMO), Cramer said he's only recommending Canadian banks at the moment and Bank of Montreal is a good one. Cramer also liked General Motors ( GM), an Action Alerts PLUS name.

Cramer expressed concern over OpenTable ( OPEN), saying this richly valued stock might be worth scaling out of as it goes higher. He was more optimistic on Limelight Networks ( LLNW) and would hold onto shares of it and wait for a recovery.

Finally, when a Duke Energy ( DUK) employee asked about owning stock in the company he works for, Cramer said only up to 20% of the viewer's portfolio should be in company stock.

Lightning Round

Cramer was bullish on National Grid ( NGG), Macy's ( M), Oncothyreon ( ONTY), Cedar Fair ( FUN), SPDR Gold Shares ( GLD) and Sprint Nextel ( S).

He was bearish on Six Flags ( SIX).

Right Move

In his "No Huddle Offense" segment, Cramer opined on all of the misinformation surrounding the release of oil from the strategic petroleum reserve.

Cramer said he's heard comments that the move was intended to bust up OPEC, but that's simply ridiculous. He said this move was designed to break up another monopoly: speculators in the oil futures markets that have been artificially keeping prices high.

Cramer said governments have been spending trillions to stimulate their economies, only to be thwarted by high oil prices. He said it was the right move to break this trend and is in the international interest to keep prices low.

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer was long IBM, General Motors.

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.

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