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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday January 20.

Bullish Calls:

Chesapeake Energy (CHK): "I do believe that he (CEO Aubrey McClendon) does have a pretty good, cool hand on things… cool hand Aubrey, between $5 and $7, we are fine with that company … I see every time that I read about a new shale, he has got stake in that new shale… this guy is everywhere, he is doing a great job… if Boone Pickens is right, and we have got a Natural Gas Act that comes up by Memorial Day… I will tell you without any doubt that I think Chesapeake could go up 50%…is a winner and a keeper."

Qualcomm (QCOM): "I'd rather see you in Qualcomm (than Clearwire.)"

Polo Ralph Lauren (RL): "Why don't you switch into something higher? Ralph Lauren is working his butt off and doing an excellent job."

Air Products and Chemicals (APD): "Air Products is a consistent grower, that has done a great job, it is exactly right in this environment... I think that it goes higher… I think that you do have horse sense."

Marathon Oil (MRO): "The cheapest oil and refiner play in the country…"

Bearish Calls:

Clearwire (CLWR): "That will put you in your car… you will be living in your car with that Clearwire… No, you have got to sell that.... It has had a nice run… that is speculative technology... I have got to tell you, this Clearwire has been around forever… It is like a vampire… I do not want to touch it."

True Religion Apparel (TRLG): "Too expensive... I did not like the last quarter… I happen to be a big aficionado of retail... Why don’t you swap higher?"

BPZ Resources (BPZ): "Oh you know, a Latin American oil company... nothing the matter with it, nothing to write home about… I prefer a little dividend action, that one does not have it…"

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Source: Cramer's Lightning Round - Cool Hand Aubrey (1/20/10)