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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday June 11.

Bullish Calls:

ArcSight (ARST): "Was an under-promise and over-deliver name...it was a head banging short squeeze today...that was a monster quarter...that is buy...I think it is going higher because it combats cyber terrorism."

Emdeon (EM): "Frankly it has not moved up to my expectations..it's down to 12... I think these were all hangover stocks. I think it is very well-run company. I'm not going to run away from it at 12."

Annaly (NLY): "You should pull the trigger now. because Mike Farrell is back and he's bigger than ever."

Coca Cola (KO), Dr. Pepper (DPS): "It is a good dividend play...Dr. Pepper has the momentum...but KO is a great way to start a portfolio..has a 3.4% yield."

Bearish Calls:

Transocean (RIG): "We do not know enough now about what is going on in the Gulf...it is a great company...no one is hearing anything positive...it was the best single offshore driller in the world ...bar none...but it doesn't matter. The stock is not for you and not for me. "

Apollo Investment (AINV): "I had historically shied away from these because I really don't know what I'm buying...I cannot recommend your stock because within your company is stuff I don't know. You can't game it."

LDK Solar (LDK): "Every one of them needs the government to help...no I don't like solar."

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Source: Cramer's Lightning Round - ArcSight's Head-Banging Short Squeeze (6/11/10)