Jim Cramer's Mad Money Lightning Round, 1/22/08: Biding Time for BAIDU

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program,Tuesday January 22. . Click on a stock ticker for more analysis:

Bullish calls:

Research In Motion (RIMM): 'Let's wait until RIMM goes down 5-6 points, before we possibly reload in the name.'
Transocean (RIG): 'The only offshore play that I really like right now is Transocean (RIG*), but that's going down too.'
J. Crew (JCG): ' I saw JCG down so low today, and I think it's got a great business model... it doesn't have too much inventory... The stock is 6 points off its low, and 18 points from its high. Let's pull the trigger.'
Freeport-McMoRan (FCX): 'I think the stock can trade into the $70s... I think it is still too high to pull the trigger and buy any more.'
Baidu.com (BIDU): ' …if it is down, I think we buy a little BIDU.'
Focus Media (FMCN)

Bearish calls:

Diamond Offshore (DO)
Shutterfly (SFLY): 'Just way too risky.'
BHP Billiton (BHP): 'I want to stay clear from BHP, even though it's come down a lot, because I think it's just not cheap enough,'

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