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Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday October 30. Click on a stock ticker for more analysis:

Bullish calls:

ASV Inc. (ASVI): '52-week low... Should I chance it ahead of the earnings? I don't know, man. The thing's so beaten up, I just doubt there's much downside. That could put me right in the chopping block, but I calls them as I see them.'
McAfee (MFE): 'We have been behind MFE for a long time now, and MFE has finally come to fruition, hitting a 52-week high. I bless MFE.'
Alberto-Culver (NYSE:ACV): 'I recommended ACV on the spinoff, and a lot of people are saying, 'Jim, the market's taking off, and I've made 2 points on it,' and all I can tell you is, I reiterate my buy on ACV - there's value there!'
MEMC Electronic Materials (WFR): 'There is a shortage of wafers to make semiconductors; it's been going on for a long time. Our way of playing it, literally - and we have caught more than a double - has been WFR. I still like the stock.'
Level 3 Communications (NYSE:LVLT):' ... the backbone of the internet, and made a lot of great acquisitions, including Broadwing - this is my favorite single speculation among the technology sector ... I think you're going to get a double in two years time.'
Marvell Technology (NASDAQ:MRVL): 'It held up really well; it had a bad quarter. I think its 2007 is going to be fabulous, which is why I commend you to buy it right here. I think that stock is a serious buy off of 2007.'
California Pizza Kitchen (NASDAQ:CPKI): 'Casual dining is for me. CPKI is for me. I would stick with that one.'
SAIC (SAI): 'Oh man, have we hit it out of the park in that one! Don't sell it yet. That one's just going higher.'
J.C. Penney (NYSE:JCP)
Kohls (NYSE:KSS)

Bearish calls:

Check Point (NASDAQ:CHKP): 'I'm not a fan of CHKP. I would ring the register.'
Cogent (COGT): 'This COGT I have been suspicious of - I mean, this stock is down 50% my friend. Sometimes the Fed cats do not bounce.'
Intuitive Surgical (NASDAQ:ISRG): 'No, I saw the Jeffries downgrade. It was really interesting, because it did make me feel like that you've seen the last of the good quarters ... I want to ring the register; we've had a real win there. I don't want to overstay my welcome, because bulls make money, bears make money, and hogs get gonged.'
Red Hat (RHAT): 'That is one awful stock. I have to tell the truth. RHAT is awful, and I do not believe that Oracle has any intention of buying them. I want you to stay away...'
Wet Seal (WTSLA): 'No, c'mon man. We've got JCP and KSS. We don't need that.'

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Source: Jim Cramer's Mad Money Lightning Round Picks, Oct. 30