Lightning Round: Be careful! Too many secondaries

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Core Laboratories: "I think that Core Labs has bottomed. I think we've seen the bottom for this cycle, and I know that's a gutsy call. But I think that if it got back to that $90 it would be a gift. I think you put some on here, and let it come down."

Devon Energy Corp: "Too dicey for me. I've got so many that I like more than Devon, I'm not going to pull the trigger on Devon."

Kite Pharma Inc: "I'm going to give you the skinny on these: There were six secondaries today of very high profile, very fast growing biotechs. This is why I pulled back from the biotechs. The secondaries are coming, and the supply is coming—be careful out there."

Seadrill Ltd: "I know people don't want to hear this. They won't hear it with Seadrill, Transocean or Ensco. But I have to tell you, when Ensco had a deal yesterday that was broken for a drill ship—I've got to say sell, sell, sell. That was unbelievable, it was a wake up call."

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Pinnacle Foods: "I think the stock has run too much. It needs a takeover at this level. At the $35 or $36 level I would be more inclined to be able to recommend it."

Ambarella Inc: "It's a semiconductor company in the hottest area of the different devices. It's too hot for this guy! It's sizzling. No thank you."

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