us. and don't forget david faber will have meg whitman on "squawk on the street" at 9:00 a.m. eastern time before the market opens. join us for that at that time. >> that does it for the "closing bell." >> we'll see you tomorrow. "fast money" starts right now. ♪ i'm melissa lee. here's tonight' top three trades. their best start to a year since 1991. is it actually time to short this market? plus two big ceo interviews. jim burn of mgm will talk about expansion in china. and digital realty gives the angle. and we'll talk to the lawyer whose client is suing for negligence. live from the nasdaq market site, this is "fast money." straight to the after-hours session. hewlett-packard reported a mixed

bag. the outlook, though, for the next quarter looks terrible. >> it does. but i think this is part of what meg whitman has said in front of everybody. she's not trying to elevate too much as far as expectations are concerned. she's acknowledged the fact there were plenty of weaknesses when she took over the company. we heard her talk about some of that, she continues to execute. if you look at the software, that was up one percent. the numbers are about what people are probably looking for. i think some of the positive commentary we're hearing from her is what's starting to lift that stock. more than it is right now. it's still off, but it's made a great run in 2012. >> jon fortt is covering the conference call going on right now. you can see it's off the session lows. maybe that was helped by the fact today it did decline off of dell's earnings last night. >> right. i think this one -- it's going to be messy for awhile.

but the valuation for me is just so compelling here. i think that it's rallied a little bit. i don't think that 2012's been so great. it's rallied off the bottom. relative to the peers and what they've done, i think there's still room to go. very meaningful room to go. >> i think the market is giving meg whitman the benefit of the doubt. it's trading down about 15 cents now from the close. it's sort of sbregs. operating margins better than expected. i think that's one got positive takeaway. i think the guidance is there. well, chipotle had a ridiculous run. but given that quarter the stocks should have been down more than it was. we flagged it that night and went on to make all-time highs. if it doesn't sell off given this report, joe terranova's been on. i think this is the stock that looks like it wants to continue to move higher. >> i think one thing, when you come in and are doing a

turnaround like meg whitman, you take all -- >> she didn't do it the last quarter. >> but that was early. and she's reasonably upbeat, but she's not overhyping expectations about a near term turnaround. if you want to make a longer term investment, now that it's bounced off the lows. >> the analyst commentary is starting to trickle in. saying the company is starting to deliver in the second quarter. he believes in the quarter things will garage yoully improve. pete were you seeing much positioning in the options market? >> not the way you'd like to. some of the volatility going into the earnings, you expect to see that. i know some of the guys on the half-time today were talking about part of this is valuation and dividend move. i don't think that's what the story is if you're looking for dividend yield and valuation, hewlett-packard is not what you want to be in. i think you are really looking at the longer term play.

you're looking at something meg whitman has made statements now over the past five or six months which is this is going to take time to transition. this is not about this coming quarter. it's not even probably from the way she's putting out projections. maybe not even a 2012 story. >> you'd rather put it in microsoft which hit a new 52 week high today. >> yes. if i was going to add i'd go to microsoft. i think it's far cheaper. when you look at the growth, when you look at the earnings, just about every metric of microsoft, even at a 52 week high, i like that stock better. >>. >> making very quietly an all-time high here pushing toward 200 bucks. i'm sure there were peopling say it's rich here. that probably is the case. but they seem to be doing everything right. then in an environment where nobody has any clarity, they seem to have it out three years or so. so if you want to be -- it's

crazy at this price but i think ibm is the bet. >> these are carrying the market. they're carrying the tech sector along with apple in a league of its own. but for quality, you're not worried as much as you might be about hewlett-packard. one stumble, that stock is going to get hit. it's an investment. >> and the last tag on it is out of hewlett-packard, i'd rather be in apple or intel. >> we'll check with jon fortt momentarily to get the commentary off the con tren from call. let's go to the next trade. financials getting slammed. citi, bank of america now trading under the $8 level once again. is the rally in financials over? or is this a slight pullback? it has been a good trade. where are you now? >> some of the options have expired. i would look at bank of america right now. when it gets back underneath

eight, huge volume in there as far as the options are concerned. they were selling the eight puts and selling j up side calls. as that has pulled off the 8.50 level and now closed below the $8 level, i would jump back in again. >> karen, how have you been managing bank of america? >> i'm just staying long. i still think that everything for awhile they will find a way to get to normalized earnings eventually. it's rallied nicely but it's shouldn't be gotten off of five. $8 when it's chad traded for a franchise like that. >> i still think the two better ways to play and we talked about these as well have been mastercard and visa. it's been a crazy move. now, i think the financials in terms of the banks, i think you really need to have a view on

the s&p. if you think we're about to make a double top here at this level back from may app and that we've failed in the short-term, you'll see in the financials. if you think today was a pause -- which i don't by the way. there's a lot of reasons to think maybe we double topped. may be long in the tooth and maybe we'll pull back down to the 13.25 level. i think 12.75 is long-term support. i think you can make a compelling argument. i think for the short-term we've topped out. >> we were just seeing the mastercard. that is a fresh 52 week high in today's session. would you agree the services are better than the strictly bank -- >> i don't know. i think two generational opportunities to buy financials. one in 2009. they retested the lows this in october. october i was saying leg into for a long-term three to five year play. i still think that's the case.

>> next trade here. s&p 500 up about 8% this year. best level since june of 2008. what's the smart money doing now? doug cass is joining us now, "fast money" contributor. he is back to his largest position of the year. doug, you say that being short is the hardest trade. why do it right now? >> good morning. good evening, mel. hi. let me break it down to technical and fundamental. six weeks ago i said the s&p could approach the 2007 high. investor sentiment had been down back then. retail cash has come in. hedge funds expanded in the long exposures. it rallies to buy stocks when 85% of the s&p trades above the moving average which is the case today. take the opposite tact, only --

and there's been five prior times this has happened since 2004 on average. secondly we've had a sharply advancing market. we must be alert to divergence. there are good advances. there are bad advances. i see this one as bad. i have to take issue with something j.j. said last night. we're seeing on each leg higher in stock prices. that's a bad advance. we're also seeing substantially lower highs. the advance is becoming more selective. it's maturing. and finally we have this lagging transport index. and as you mention the financials are weakening and closed badly. this is something cortez has highlighted recently. to me all these observations are part of an advancing market. >> as far as the transports it makes a lot of sense as we

watched oil move back up towards that 105 level. i want to address something else that you're talking about with something that j.j. brought up. i didn't get a chance to hear that. but volume. i'm not as concerned in volume as everyone else seems to be because of the fact that i see volume in the option markets that just continues to increase every single day. so we've watched this over the last year and a half or two years where every day we hear about this or somebody bring up by the volumes are light on the nyse. they've gone away from the nyse. and we're seeing more in the derivatives market. add up to something people putting too much weight on this. they've talked about the lack of volume on this. >> i don't dismiss the importance of volume. >> there you go. >> all right. >> stated simply. >> you've been bringing up to your clients every day, the technical reformation that was popularized back in the 90s.

how reliable is that as an indicator of a top? it seems to be a little sketchy. >> i don't -- i bring it up for an informative reasons. i don't believe in that technical. >> you brought it up four times in the last week. >> ronnie, i believe in fundamentals. we haven't talked yet about the fundamentals. i've been watching dr. jeremy siegel over the last week on cnbc and for his prognostication to occur, for markets to rally to all time highs, a lot has to go right. it's going to require reviable spirits. and striding valuations back to over 15 times. it's not an impossible feat. but given the last financial cycle, given our balances, it's not likely based on what has occurred both economically and geopolitically in the past couple weeks. >> good to speak with you.

doug cass of seabreeze. you agree with doug? >> i do. it's not like we haven't talked about this. we said starting late fall given what was transpiring, there was no reason to believe there was no trend up to 1350, 1370 may highs. now it's really incumbent to really ratchet it through. and given the action the last couple days, i'm not sure that's going to happen. i don't think the world's coming to an end, but we can trade back down to 13 and a quarter. but there are levels that work. given a lot of things doug just talked about, i think it's pretty -- i said it last night. for the first time in a long time i think there are opportunities to trade from the short side with a defined stop. >> karen, does it matter to you that there is declining volume as we reach these newer highs? or do you agree with pete the volume is there just not on the exchange. it's not where it's measured now. >> i have no faith in my ability

to pick the market in the very short-term and be in and out of things. so i try not to worry about it and factor it in. i don't factor it in to our overall valuation. i just can't know. >> one thing i found curious about what doug said he threw against the wall all these big items. the fiscal imbalances, structural imbalances. a lot which i think will be worked down. but then 3% to 5% -- if you're talking about huge equilibrium, you should worry about a bigger than that. the market looks better, acts better and doesn't necessarily underscore the things he was talking about. but longer term i think the case is more positive than people give it credit for. >> i don't think necessarily he's saying longer term. he's saying that for now there's going to be 3 to 5 -- where trading he was talking about what's happening now. and doesn't mean that those big

things -- >> but they're not the reason the market won't correct. but we're not going to correct based on the budget deficit 3% to 5%. >> not that doug needs me to defend him, but if you listen, watch him, read him, twitter, his calls have been spot on. the fact he's saying now, i think you'd be foolish not to listen. doesn't mean he's going to be right but you have to listen. >> that's why we bring these voices in from the outside. mike khouw, what do you have to say? >> there's two interesting things. when you look at volatility which was a measure, if you will, of premium to insure your portfolio is steep right now. which suggests although the market's been relatively calm, there is expectation that volatility is going to pick up. when does it pick up typically on declines. the other thing i would notice is open interest in the puts in iyt which is the transports etf

has been going up by those who subscribe to doubt theory. that that also might be a little bit bearish. >> all right. let's move on and hit the playbook at this base. do you think the vix is playing along? does it make sense where the vix is headed now? >> it is not signaling to us there's any panic in the markets. i wouldn't be concerned unless it got upwards of 23, 24, 25. somewhere near the 200 moving average. i would point out with all of this increase z volume all the time, today was a good example. most of these have been being bought. so in other words, it is holding people's hands back, putting them in their pockets. that's why we're seeing a market choppy or moving to theup side. >> got to take a break now. up next on "fast," a big move ir in the diet drug space. and digital realty, how they're

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welcome back to "fast money." we are live at the nasdaq market site. let's hit after-hours action. we do have news that the fda has backed vivus' drug qnexa. it was an overwhelming approval. certainly good news when we see this reopen. >> is it will be interesting to see how much of a pop you get out of this. this is what the anticipation is in front of. everybody's going to be very excited. if it's an overreaction, i think that's something we have to be monitoring tomorrow. oftentimes we'll see that overpop early. then that really big pullback. i think you're seeing sentiment

in others. >> walk us through why some will be moving higher. they started jumping in the last hour of trading. you see in the after-hours it is up sharply. a very small -- >> both are a small market cap stock. >> they also have diet drugs but they're separate from qnexa. >> the phenpen was the worry in the past. as long as they're comfortable with what they're seeing now, this is impressive with the panel with the 20-2 vote. >> it was taken off the shelves because of heart valve of users. one that was included in there was in this new package. could be interesting. >> something to keep in mind. i think it's about a 20% shortage in this.

my sense is folks are going to get squeezed on this. so the jump in the stock might be larger than you would have anticipated given the news. >> let's get an update from the hewlett-packard conference call with jon fortt. what's the latest here? >> some interesting comments from meg whitman. she started off kind of with a very realistic tone. couple things she said. one that hp's costs are not in line with revenue. and i'll have to address that. she hasn't yet said how they plan to address that and what they're going to do about those costs. whether it means layoffs or if it just means some of the automation that she's talking about some of this things she hopes to do. and in multiple fronts on the imaging and printing business. and that the revenues in newer areas are not growing fast enough to offset some of these declines in the consumer

business i was talking about a little earlier in the "closing bell." i'm sure there will be questions about the specifics about things she's pointing out. >> all right. and jon, the q & a hasn't started yet? >> that part has not started yet. cfo is going through some of the numbers right now after whitman's commentary. >> we'll check back with you later on. meantime, the company needs to move for offside. who benefits from this transition? digital realty. let's bring in the ceo michael fausi. it's a pleasure to speak with you once again. >> thank you. >> if there's one data point out there, if there's one gauge to help us understand demand for data center leasing, what would that baa be? >> tremendous growth. this is everything we do at work or outside of the office. regulatory compliance.

everything you're doing with media today, streaming media, i.t., outsourcing, and the cloud. the cloud lives in data centers. ecommerce. >> seems like somebody can buy real estate fairly cheaply these days. buy servers and plug? and essentially be a competitor to you. >> that's a really good question. the barriers are quite high. first of all, you'd need serious amounts of power to run these server farms. and other i.t. equipment. it's not always available from a utility company. plus you need the fiberoptic to serve the buildings. it could cost upwards.

for folks to do this, it's quite expensive. you need large amounts of capital as well as the fiber networks. >> let me ask you something. you touched on power. does the fall in natural gas prices, electricity, does that help you gain an advantage? >> certainly the gas prices since a lot of the power generation especially domestically is natural gas out here in the west, it does help our customers. a lot really are in a wide variety of major markets. even in new jersey with the proximity to wall street, it's a high cost environment but there's high demand for data center services. sop we do everything we can to help our customers by buying in bulk, aggregating our power buy, as well as working hard to lower the cost of the cooling in the data centers. >> you mentioned it's a capital intensive business. as a shareholder which i'm not,

but if i were should i be concerned that the dividend is in jeopardy? or is that here to stay? >> it's not in jeopardy at all. in fact, we just raised it last week by 7.4%. in fact, since our ipo in 2004 and an annual base as we raise the dividend 17% per year. so we have a very, very strong base of long-term leases. very predictable cash flow that drives that dividend. we continue to grow on top of that with the demand for new facilities from our corporate and i.t. services clients. >> in terms of new markets, you said in the past you plan to enter before the end of the year. and you're thinking of frankfurt as a possible location. do you have any time frame? >> nothing specific at this point. we're very, very busy in our major markets here domestically and in europe and singapore. those markets are keeping us quite busy.

we're probably bring on over a million square feet of new facilities in 2012. we have quite a bit going on with our customers right now. >> thanks so much for your time. we appreciate it. michael foust. they planned out a million square feet in facilities. that's a big expansion. karen, i knew you looked at the company earlier today. >> that's interesting. i don't know how the financing of that growth comes, but if they're able to continue to do it, it's an interesting story. >> i think it's fascinating. something we never really look at. you talk about reits, this one is in an area that's growing by leaps and bounds. maybe it's a new play on real estate that no one's given thought to. >> forward valuation is pretty reasonable. dividend as he said is intact. and there's a lot of people betting against this which they've been failing. it's a stock if you go back four or five years, it's had a great

run. coming up next on "fast" kwb we're trading the odds of an apple dividend. does your job make the world a worse place? we're looking at the worker groups that answered yes picked up by "the new york times." number five kwk investment banking associates. number four, fashion designers. stay tuned for the rest. [ male announcer ] we know you don't wait

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welcome back to "fast money." we're live at the nasdaq market site. the quarter report looked decent but the current quarter as well as the guidance was weak. we see the shares are down about

3%. for the year up about 13%. what do they sell? >> play it. roll the tape there. i mean, i know what they sell. >> bath and body works. >> you shouldn't be buying on valentine's day. that's a gift for yourself. here's the gratuitous footage now. this is a complete sandbag on guidance, i believe. this stock will sell off, but i think it's going to be a monster. every pullback has been a buying opportunity. i don't see any reason this should be different. great footage, by the way. >> they're also the parent of bath and body works. >> and you mentioned the creams like the herb baal creams. >> we don't have gratuitous bath and body works video? >> i guess not. >> but finerman, she's got the gun show going. looks great. >> i have the creams and all

that. love it. >> he likes to keep moist. >> i like to stay -- >> anyway. the eurozone -- will the upcoming increase investors' appetite. let's bring in amelia. what are we expecting in reaction to the ltro? >> it's good to see you too. i expect we're seeking to be boosted. what happened since the announcement late monday night on greece, euro's been locked in a tight range. market expected what greece delivered. so no new news. in addition, commodity currencies have been selling off because there's no new news to keep them supported. i think the ltro is going to give a booster. that's what happened when the ecb had the last take up. just short of 500 billion.

that's about what's expected to be put into the system next week. so that's a significant liquidity boost. so i think commodity currencies could see a rally. >> so you want to effectively be long kiwi? >> that's right. i like the kiwi dollar because reserve bank new zealand is not cutting rates like reserve bank australia is. i prefer it to the aussie dollar currently. and the ltro operation. it's had a nice bounce up. i'd enter it here. 1.5970 the short. i look for a move to 1.55. >> thanks for your time. >> thank you. >> catch more "money in motion" friday here on cnbc. coming up next on "fast," we'll meet the man slapping paulson with a lawsuit. and we've got the trades tonight. more "fast money" straight ahead.

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welcome back to "fast money." we are live at the nasdaq market site in times square. a lawsuit against john paulson claims his fund didn't -- which

operates tree farms in china. according to the suit, the investment cost its backers $460 million. attorney kellogg joins us now. great to have you with us, larry. >> great to be here. thanks. >> what is hugh hoping to accomplish with this suit? $460 million seems like a drop in the bucket considering what the paulson fund has lost overall. >> it may be a drop in the bucket overall for a $40 billion fund, but on the other hand this is serious money you lost for investors by not doing his job. what hugh wants him to do is get the money back. >> what would that mean for hugh? how much money is that? >> couple hundred thousand dollars perhaps. that's not the point. this is a $460 million loss created by paulson not doing his

job correctly. >> what is it you would have to show to win your case about him being negligent in his due diligence? >> we have to show he was grossly negligent. that he did not analyze a chinese timber company. this is not bank of america or citi bank. this is a chinese timber company. he has heightened duties here to really understand the business, understand the area before he invests. >> i want to read you part of the response from paulson company on this negligence suit. they say we firmly believe the lawsuit is without merit and there is no basis in law or fact for the action. they also say they must rely on auditors for some of their information and in a paulson company letter to investors, they go through the various reasons why they might have a reason to believe what they were saying about the business was in fact true. including being listed on the toronto stock exchange with opinions on financial statements and an independent review in

addition to independent boards of directors. so in terms of his fault for this investment, would you then go down the chain and to everybody else involved because it seems like a reasonable investor would have gone through this scene said you know what? it's okay. >> well, mr. paulson is being paid 2% of all the assets under management to do due diligence of a chinese timber company. this is what he put out yesterday after we sued him. but when the loss was first announced, he went to his investors and said he didn't understand the area enough, and that in the future he was going to have to understand better before he made such a bet as he put it and hire more analysts. so i guess a jury's going to have to decide this issue. >> you could say the same thing about his investment in bank of america. you said this is not bank of america. as an investor, anybody who was long bank of america or recommending it as i did much of last year from 15 on down, may have missed the legal

liabilities to which bank of america was exposed in mortgage cases. you can make an argument for any stock gone bad. why is this one any different than any other? >> well, this is a lot different than bank of america. simply making a bad investment. this is a traded chinese trading company in china where the company itself says it doesn't know if its business is legal. it doesn't know if it has the timber id says it has. yes, you make bad investments. this is not one. this is where you have to understand and commit investor money something like this. i think that's the difference. >> last quick question. are you looking to make this is class action suit? are you talking to other investors out there to join the suit? >> yes, we are. >> all right. larry kellogg, we appreciate your time. >> thank you. >> like the $500 million the government lost. i mean, it's exactly the same

thing. so if he's successful in his attempt there, maybe i should lawyer up. right? >> or the thing to keep in mind, too, is if was engaged in fraud. fraud is fraud. >> and john paulson should be suing the investors of the forest. >> i wonder if they had any settlement discussions. >> that's a good question. >> this can't be great for paulson's business. i don't know if this guy ever wants to invest in another hedge fund. you can't imagine they're going to welcome him in. >> you wonder if paulson had settlement discussions with these guys? i don't think they do that up front. that would set a horrible precedent for the future. >> i have no idea if they have. i have no knowledge on that. i'm j u.s. curious. >> we'll continue to follow the story. another heavyweight has a massive bet on sears holdings. the company reports earnings tomorrow. karen is looking to short the stock. >> well, i did buy puts this afternoon. you know, this is the most

speculative thing because you have to be right on so many ways. you have to be right about their earnings which i did prerelease. because of the shortage, because of the technicals here. i could end up being right and wrong and not making any money. i thought one week puts. giddy up, you know? >> it's just money. >> welcome aboard. >> jcpenney also without with earnings this week. mike, you're got a trade using options on jcpenney. >> right. it's interesting that karen mentions sears because that's not a name you really want to be short too much upside. but in the case of jcpenney, i think one of the thing options traders should look to do is capitalize on the fact that those near dated options do decare fairly rapidly. what i'm looking to do is put on a calendar spread. and specifically i'm looking at

the feb weekly march 42 calls. you can collect about 80 cents for those. then use those proceeds to help finance the march 42 calls. so all in you're going to spend 70 cents. trying to capitalize that they'll decay. these are the type of trades that consistently have a high probability of success. >> catch more "options action" every friday 5:00 and follow the show on twitter to get constant trade updates. up next, another "fast money" exclusive. jim murren. mst "fast money" straight ahead. [ tom ] we invented the turbine business right here in schenectady.

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this after the approval of the weight lost drug. vivus a sharply higher. that's up 80% right now. wow. next trade here. mgm's gamble seems to be paying off. and traffic in las vegas is rebounding. but rising costs cost mgm to post a loss. let's bring in jim murren chairman and ceo for another "fast money" exclusive. always nice to speak with you. >> thank you. thanks for having me. >> what are we seeing in las vegas here? is this the beginning of the turnaround here? where are we in the recovery? >> we had a good solid year last year in las vegas. we're off to a good start in 2012. i think when we end up this year, we're going to have -- believe it or not, after what the market's been through, we'll have all-time record visitation in las vegas in 2012. >> all-time record in 2012. wow.

that's tremendous. at the same time you're making a big investment in macau. when you look down the road ten years from now, what do you see the nix being? >> the macau market is a big market right now. i think it's going to be over a $50 billion market four or five years from now. so we have one property there doing extraordinarily well. we announced record results there also and announced we're paying a large dividend to its shareholders early this morning. but we want to build another property there. and we do expect to spend over $2.5 billion because we think the market's going to be there for us. and our brands work in china. >> i want to switch gears and talk about online poker and whether or not it will receive approval in a federal basis. if it does, you said you'd be one of the first ones out of negate when it comes to offering a product.

there have been estimates in terms of annual revenues. saying that national online poker could ultimately generate a 35% margin. is that what you see for your business? what piece of that 6 billion should that be in the right ballpark would be mgm's? >> i think that's a good number to use. right now millions of dollars are spent on online gaming in the u.s. probably billions of dollars. and it's done illegally. and the government needs to react. the department of justice came out late last year and defined its participation to the wire act. they're clear to allow states to operate internet poker. that could happen. if it does happen, we would participate in it. we don't think that's as good of an approach as a federal approach. a federal approach would be a better law enforcement mechanism to put in place. and wouldn't have a patchwork of

regulations state by state by state. so i'm very confident in internet poker passes this year. i prefer to see it as a federal level. but if they can't get their act together. and that's certainly possible, then it'll happen at a state by state level. we'll be one of the first companies out of the gate because we're prepared. we did a deal with a very large company in the internet space based in the uk. and i think b we'll have a significant share of that business. 10%, 20%? i don't know. but it's going to be a big percentage of a very profitable market. >> it's ron. it's been a long time. >> hey, ron. better now than i was. >> no doubt. i have not been to vegas since november of 2008. i went back in january stayed at city center. now, in '07, '08 people were talking about the overbuilding

in vegas and how this might have been one of the biggest white elephant projects in the history of the town. things as you said have picked up tremendously. january it was quite busy. is that property going to make money? and what does the attendance mean to that? >> what a struggle back in '07-'08 as you were saying. we had 10,000 construction workers working and the bank stopped calling me back. so that project almost screeched to a halt and would have been a white elephant. it would have been a symbol of the overbuilding or failure of las vegas. i have no doubt about that. and instead we finished it in 2009. we're employed 10,000 men and women today. and it's making more money every quarter. so it's pretty remarkable story of resiliency and of recovery. it's now becoming -- it's already the third most profitable resort in our portfolio. and i bet it will become the most profitable one within the next two to three years. when people visit it, they love

it. the convention facilities are already fully booked in 2012. we don't have enough space at aria for that. and the other nongaming facilities are growing. city center which was -- struggled at birth, certainly is a strong addsle adolescent now. >> last question here. when is a social gaming effort going to be launched? i i understand the demographics line up nicely in terms of the profile of a typical social gamer and the kind of customer you want to draw into your casinos. >> you know, that's exactly right. we've worked a deal last year which we haven't announced the particulars on it. we're going to launch it in may of this year in a couple months. and think of farmville meets las vegas. and you know the demographic of the folks playing on these internet game sites. and i think this is the year where the gamers are going to

start merging with the gaming industry. and you're going to see farmville on the strip. >> farmville on the strip. that is something to think about. hope you come back in may once this thing is launched. >> i look forward to that. >> all right. jim murren. thanks for your time. more "fast money" coming up next. tdd# 1-800-345-2550 so, i want to trade at a place that really gets who i am tdd# 1-800-345-2550 and what i need. tdd# 1-800-345-2550 and still gives me a great price. tdd# 1-800-345-2550 at charles schwab, you get everything you need tdd# 1-800-345-2550 to trade your way. tdd# 1-800-345-2550 all for $8.95 a trade. tdd# 1-800-345-2550 here, it's all about trading.

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welcome back to "fast money." i have an update on hp's conference call. margin pressure across the board, analysts asking specifically about ipg. there is pressure from the yen. there is also pressure from inventorie inventories. building up quite a bit. there are questions about how they're going to get to 220 -- sorry $2.20 of eps in the second half when they only hit $1.80 in the first. the tone from meg whitman is challenging. more "fast money" after the break.

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time for the final trade. mike khouw. >> own some mgm, you might look at the june 15 calls. you can collect about 80 cents or 5.8% of the current stock price if you sell those calls against your stock. >> on the japanese yen. continuing to ease aggressively. stock market's up, the yen's got to come down. >> love jesse j. she reminds me of that woman on that mark harmon show. >> poor man's katy perry. >> i like bill