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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday August 15.

Bullish Calls:

Caterpillar (NYSE:CAT): "This has been one of the most bedraggled, difficult stocks to own...it has unbelievably good news...I think CAT is dirt cheap. I am swimming upstream, but I refuse to throw in the towel on Caterpillar."

Dover (NYSE:DOV): "You are dealing with a great industrial company with a lot of different businesses...it is disparate, but well-run...that has come down, and I would pull the trigger right here...great company."

Public Storage (NYSE:PSA): "That is one of the most consistent ones... they can raise their distribtuion. PSA is for me."

Ariad Pharmaceuticals (NASDAQ:ARIA): "We have been favor if this because it does anti-cancer (treatments) ...we are endorsing it, but only as a speculative stock."

Starbucks (NASDAQ:SBUX): "Great quarter... unbelievable stock...it has come down $3...Charles Schultz, the CEO, has a great stock, and he is a great man."

Bearish Calls:

Travelzoo (NASDAQ:TZOO): "That last quarter was not what I wanted to see..This stock has round-tripped. I am not playing that short squeeze game anymore."

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Source: Cramer's Lightning Round - Don't Play the Travelzoo Short Squeeze Game (8/15/11)