Jim Cramer's Mad Money Lightning Round Picks, 9/24/07

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Includes: BBI, CAT, CELG, CIT, CMI, FOSL, FSLR, HW, JRJC, RS, SIRI, SPWR, TRBCQ, X
by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday September 24. Click on a stock ticker for more analysis:

Bullish calls:

Sirius Satellite Radio (NASDAQ:SIRI): 'If the deal fails, SIRI will be more likely to survive than XMSR. So, let's get rid of XMSR - sell, sell, sell! - and let's buy SIRI.'
Cummins (NYSE:CMI): 'I don't want to walk away from CMI... I still think it's a world-dominating company. But I've been saying my theme tonight is take a little bit off the table.'
Sunpower (NASDAQ:SPWR)
First Solar (NASDAQ:FSLR)
Celgene (NASDAQ:CELG): 'Another52-week high and I'm not backing.'
Caterpillar (NYSE:CAT): 'I do believe that CAT goes down before it goes up. So I want to buy it... Let it come in. This market wants to come in. That one wants to come in with it...'
US Steel (NYSE:X)
Reliance Steel (NYSE:RS)
China Finance Online (NASDAQ:JRJC): ' … take you're money out. Let the rest run, and you've got a shot at making hundreds of thousands of dollars. That's the way you should play it.'

Bearish calls:

Headwaters (NYSE:HW):' I think that there are so many better plays in the alternative energy sector… First Solar is better…Sunpower is better…
XM Satellite Radio(XMSR): 'If the deal fails, SIRI will be more likely to survive than XMSR. So, let's get rid of XMSR - sell, sell, sell! - and let's buy SIRI.'
Tribune (TRB)
Blockbuster (BBI): 'I don't have a good view of this stock right here, so I am going to say don't buy... It's a very competitive universe out there. It's too hard for me.'
Fossil (NASDAQ:FOSL): ' I would rather be a seller than a buyer of FOSL, after that much-better-than-expected quarter. I want to take money off the table...'
CIT Group (NYSE:CIT): ' $8 down, maybe $11 up... That's not a good risk/reward. I am telling you right here, don't buy, don't buy.... Do not buy CIT...'
Amgen (NASDAQ:AMGN): 'I have not liked AMGN as much as Celgene.'

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