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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday October 5.

Bullish Calls:

Ensco (NYSE:ESV): "If I want oil service, and I want to have a dividend, I will look no further than Ensco, which is cheap as all getout with a yield."

Seagate (NASDAQ:STX): "I will bless that, because we are in a seasonally strong period for tech, and they have crushed that disk drive maker...buy."

Fusion-io (NYSE:FIO): "I thought that was a good stock. I don't know what the heck is happening...it has heavy storage...it has big data. It has the right seasonality. I'm going to go with it."

Bearish Calls:

Bank of America (NYSE:BAC): "...too low to sell...If you still own it, just ride it out...it is probably the worst thing I've done in the last 5 years."

EarthLink (NASDAQ:ELNK): "...keep looking. That stock has been stuck here. We are done with stuck in the mud stocks. We need growth and we need dividend."

Transocean (NYSE:RIG): "...no...the company generates a lot of cash flow, but I don't want the headache."

NRG Energy (NYSE:NRG): "I'm disappointed in CEO David Crane...he sat right here and then the company pre-announced a horrible quarter...I think the stock is inexpensive...I don't want to own the stock. I have other fish to fry."

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Source: Cramer's Lightning Round - The Worst Thing I Have Done In 5 Years (10/5/11)