year. first three-day losing streak this year, incredible. and not normal. there may be morselling to começ in fact, it would be healthy if there was. long-term, most people believe it will once again be a buying opportunity. that will do it for us for today. thank you so much for for being with me. te you tomorrow on "closing bell." stay with cnbc. "fast money" begins right now. riding the nasdaq market in new york city. let's get straight to the big story. that is the june swoon. the market continues its sell-off with the dow and nasdaq posting their biggest drops since mid-april. half the major sectors pulling back more than 1%. this makes us ask, are the pillars of the market breaking

down? housing to financials, to the consumer could the drops and bellwethers like home depot, bank of america, costco be the sign the dow is losing its fund a.m.al support? >> i do think so, obviously. here's one of the things. if you think about the home builders, this is the sector that was a pillar of the rally off the bottom especially from last november. we've seen a lot of incremental signs of improvement. at some point, evaluations got stretched in this space. i would just mention the last couple of days, look at what's happened to home depot, lwe's, members of the xhb. they are now down 5% in two days, a very big move. at the same time -- >> stop right there, first of all, home builders, how can they be pillars? i get home depot. home depot to me -- >> indicativive how they feel about week it in the house. the fed has been trying to

engineer a consumer confidence recovery and i think they've done that. to me, they haven't been removed. you haven't removed the fed. look at the data today. tells you the fed is so far removed from being removed. in other words, people significant june, no way. people saying september, goldman sachs saying september, i think no way. until you remove the fed -- >> disconnect wind the xhb, home builder, etf, some of the largest home builders in this country down or flat on the year and you still have these latest housing recovery names, home depot and lowe's, just starting to get hit -- >> to hymn's point, he's saying that's not taking anything away. right now we don't have the data to support or believe they're taking anything over any time soon. you don't want to slip out of the punch bowl when it's yaupged away from you. >> i don't think they can wait until they do that.ç

that said, i don't feel like the market is completely cracking here. i think if we step back from just this two-day mini-correction, and correction is way overstating the case. we're back to where we were early may, people talking about how fantastic the market was. still, you know, i sort of take it with a little bit of a grain of salt, this two-day move. it's painful to me because i have long bias so i don't love days like this. but i feel like selling a little volatility was the right thing to do. >> here on this, take a look at -- mentioning transports, this is what was the buzz in today's session. the transports were seriously underperforming the market at this point. the transports, the xlb, health care, dow dividends all below the 50-day average in today's session. >> if we stay consistent with the top of the shelf, the names we were talking about were the home dough pos, costcos. those names were at the 50-day.

it's an improving state so i'm somewhere in between. i don't know what the fed's going to do. i know if the fed does nothing this market screams right back. >> housing, first of all, i disagree with the recovery going on, i think it's constructive. i don't think it's a bubble. in fact, to expect a bunch here is silly. if you look at existing home sales, we're in about a $5 million annualized rate. that's the ç15-year average. you didn't want to see this go up to $7 million, move too quickly. it's not going to be a fantastic rally. to say housing's not better and that's not one of the pillars of y >> if we talk about long-term mortgage rates moving up here, that has the potential to make it stall. >> absolutely. >> how about the refys, talk to bankers, how many people have jumped off the sidelines? i realize if you look at the mortgage indecember detection, a lot of people psychologically are saying --

>> that last spike, i think the question -- >> i'm not going to go right now -- >> i think the question dan was posing is, are the pillars about to crack? we're all saying housing has been one of the pillars. to the point of home depot, down 5% or more plenty of times in a couple of days since last november. so i -- >> let me just clarify. the question for you, steve, when you say you think the pillars are cracking, are you talking about the stock market? >> i didn't say the pillars. i said i'm in between, i need the technicals to confirm they're cracking. i don't know what's going to happen -- >> is it the fundamentals of the underlying -- >> we're going to have to go -- xp was up, xç and nikkei, look what's happened to the nikkei. that's an issue. look at the volatility in the nikkei. >> look at the first half of

may, spx, the way we notched up to new highs. then the volatility we've seen in the last week and a half, that volatility is likely to continue. we're starting to see it in these rotations. that's why we bring up some of these pillars. >> that's the point bank of america was making today. first the nikkei. now the europe stocks. now the s&p 500 next. >> well, guess what -- >> 1620 -- >> there are levels in which everybody wants to buy something. nikkei, 6% above the april 4th massive 35% rally in japan. japan, for example, to me, starts to become a buy in 4%, 5%. you start baying. the s&p below 1603 has a lot of air down to 1,500 where i think people -- i'm saying if we don't hold this level the s&p can trade lower. japan did. japan has made its correction more or less. >> to stay technical i think the play from the short side, you're

only playing it for 20, i think the support is 1580 in the s&p. i think that's why a lot of shorts are getting pulled in here and getting taken out. $15 your support, i'd be a buyer here. >> are you concerned housing financials and consumer stocks seem to be showing cracks at this point? >> i think some of those sectors, housingç stocks generally look stressed to me. when i looked at the market and thought one of the pillars here, one of the things was low interest rates. one of the other things was generally valuation. if you took a look at equities relative to safe pickeded income, early in the year it looked cheap. s&p doesn't look overpriced were but housing stocks and staples were. 5% coming back from those levels doesn't seem like a major correction and i wouldn't buy them here. i think that really the issue here, we're not likely to see interest rates go a whole lot higher than right now. that would be a risk. we're not going to see it. >> a couple of weeks ago you could have said xlu were one of the pillars as well. >> below the 200 day.

>> i don't know, i'm asking. >> no no. >> so for me i'm still long. southern. >> i'm still long. hunting for yield. and i stay long. i didn't think the market cracked -- >> subsector, the s&p 500 is below the 200 average. >> there's a lot of people out there that need yield to survive. you know what, we're all in search of yield. and i think it reverts. >> let's get the technical take on the sell-off from the chart watcher. helped create the chartered market technician title and got 45 years of experience. the call in 1995, the dow was headed to 7,000 in the next three years. he is now senior managing director of terra investment ralph, we ask you first of all, this is the question we posed to the traders, are the pillars of market breaking down and what would you consider to be the pillars at this point? >> not at all. >> not at all, all right. >> you're getting quality

rotation. and quality rotation is you leave one sector, you go to another sector. the sectors that look spectacular are all the pillars for the next leg up or they've been part of it already are the financials, the industrials. no one's talking about technology. i don't hear anybody talking about semi conductors. they're on fire. you know, melissa, i was very worried about two weeks ago. the market was starting to profile a melt-up. the last thing a bull like me wants to see is buying panic. so i am enjoying this sell-off. i hope it continues. and i think it will will be and that's going to be a great opportunity to not only hold those groups but maybe in that decline we start taking a look at the utility again. i think it's too early for that. >> even though you say there is a vocation at this point to the more cyclical names, semiconductors or financials, you say there's enough room to

look back at the safety plays like the utilities? >> yeah, i wouldn't do it today. but they're hitting them so hard at some point they're going to be very, very attractive.ç i'll give it a little bit of time. >> the pillars for you as a technical guy, what are you watching? what breakdown gets you concerned? what level on the s&p, first of all? you said you think we could do part of that. >> oh, look at the moving average in these indices and i think that's where you're headed. i think from top to bottom you're talking about 10%. i recently looked at the dow jones -- i should say the dow theory. about a week or so ago, that was starting to flash a secondary correction. i think today the transportation index itself closed below its 50-day moving average. so technically you're getting the sell-off. in fact, this decline is broadening out. i noticed the dax down from the

top, emerging market making lows. so it's a global affair. i think it's long overdue and i'm very happy. >> a question for you. there is a volume element to this as well that you need to see beyond levels of the s&p? >> well, when we get towards the end of this correction i would like to see a volume dump. in other words, people panic and you get a spike in volume. that would be on the downside. that to me would be the cathartic phase. i haven't seen that just yet. >> i want to get your take on the gold chazt/ we had another technician on yesterday who said she sawye down to 13 hundred to 1,200 an ounce even with the sell-off. gold only eats a minor gain in the session. where is it headed? >> well, gold made a short-term low in april around 1321. we tested that in may. i'd say on a short-term basis, the trading range rough lly 132

to 1480, 1485, something like that. i agree with louise. the longer term is questionable. until that 1321 breaks, i'd say the odds are that gold stabilizes. >> i look at gold and gold clings to the 20 moving day average.=quájjt anywhere, 1325. but where's the bounce that you see? because in fact gold really had to fight to get back to this level and now i think it's a hold on. >> yeah, no, i don't disagree with that. i'm just trying to put a little bit of a positive spin on gold. and i think it's going to be contra cyclical with the current market of equities go down, i think gold will stabilize and maybe try to rally in this corrective phase for equities. a positive spin. i thought you just read the charts. >> he's got a gold necklace, he's got to put a positive spin

on it. >> always great to see çyou. >> okay, thanks for having me. >> we'll head to break. check on what we're watching for you tonight. take a look at this chart plunging 11% on second quarter results, missing top and bottom lines. third quarter guidance lower than expected down 13% right now. francesca holding falling 10% on second quarter guidance in line with expectations. comes guidance missed street expectations. take a look at gm. the chargiing department looks o wind down. does this pay the way for gm dividends? may be on the verge of a make break-out or breakdown when naming names. how to play it straight ahead. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus...

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time for today's top three trades. first up, juniper, the best-performing stock in the s&p 500 but demanded its core business was tracking above historical patterns -- here's a cyclical name talking about retations, massively underperformed cisco, almost up

23% on the year. this move is getting back some of that miss and guide down from the q1 earnings here. it stopped right in its 200 day, probably needs to consolidate a bit. >> amazon shares up 1% on the news planning a major roll-out of an onlineç grocery business >> they're everywhere, one of the biggest cloud space players, utilities, i'd still be a buyer. first of all it's just a roll-out, they're test marketing. if it fails they won't get into it, i'm a buyer. >> more good news for general motors. the automaker trading near its 52-week high after the treasury departments announced it will sell 30 million shares of general motors. this will happen upon inclusion in the s&p 500 which happens tomorrow on the close. auto martyr beaus got more. as the company moves out from under the government's thumb does this pave the way for some

sort of capital move like a buy-back or dividend? >> i think eventually. put they've already come out and said that in the near term, they're pretty constricted in terms of their capital structures at least six to nine months. you go further out, the cfo has said there's possibilities out there because of how much cash they've built up in this company. but for the foreseeable future, they're pretty much locked into what they plan on doing and they want to make sure that they can get past the government completely before they start to struch muscles in terms of what they want to do on the capital side. >> you used to believe that won't happen until 2014, which his point, once the government which had 241 million shares in the beginning of april, once they shed 30 million and continue their program, expectation is that it should be done by the

first quarter. but look, they've made it pretty clear here, the government has, treasury has, that if they see opportunities to start unloading a more sizable chunk other than at the measured pace they will go ahead and do that. i wouldn't be surprise tuesday we see this happen by the fourth quarter. things, you use options, et cetera, it's not just the $30 million government stake that's going to be sold. retiring medical benefits trust is selling 20 million, a total of 50 million in shares. what what do you do here? >> swe saw it in aig, in banks, when the treasury exits the stage, when you get down to tag ends here, this is where you dp8çm >> i want to get the late on the news line. >> we're getting our first widance since an important second quarter deadline for investor redentals at sac capital came and went in the form of a letter that s.a.c.'s

president issued to employees yesterday in the wake of that deadline. according to my sources the letter says that the redemptions were significant, without giving specific numeric guidance, to rumle s.a.c. has roughly $4 billion in outside capital after first quarter redemptions. and people were expecting to see most of that removed. so the notion of the word significant suggests resettles were in line with expectations. we don't know if that was 2 1/2, 3, 3 1/2, what have you. clearly in the billions, a substantial number. the other thing said in the letter, there were no substantial layoffs of any sort planned as well, that the firm did not intend to become a family office. there's been speculation about that given that the majority of this external capital seems to be leaving the firm in the wake of the legal issues that they're having. a reminder again, $9 billion that s.a.c. does manage belongs to steve hill and the founder. reminding people to sort of stay

calm, if you will, redemptions while impactful are not going to change business as they know it right now. so clearly they're just trying to keep employee confidence up despite awe the negative headlines and all the legal concerns. >> okay. i've got a question for you. i absolutely can understand why an investor would feel uncomfortable and want to pull money out. hasn't s.a.c. said they will cover any penalties, any fines, anything that results from the this investigation? >> absolutely, karen. steve cohen a couple of years ago i believe put in place a policy in which he personally would shoulder any legal fees, any ill-gotten gains in case it came to that,ç as well as the settlement recently reached with the s.e.c. over a pair of cases that resulted in a fine of more than $600 million. that is certainly true. i think the fear, though, is that if steve cohen is personally indicted, which is the biggest question on the investor and public's minds right now, what happens to the firm? he is the all-important figure.

the whole stwraenlg was his idea. much of the capital belongs to him. the whole structure of the place keeps him very intimately involved. so if he were to be taken out of the action, then what becomes of the firm? that is the burning question for outside investors as well as just discomfort with the headline risk and the feeling if you're a fund to fund or fi fund platform you have clients asking sharp questions about the future of the firm and steve cohen's status that you don't have a clear answer. >> thanks for the update, kate kelly joining us. the redemptions were significant about the inline largely with expectations. still, it seems like there would be no reason for an investor to be involved with this hedge fund given all these outlines. >> when you're as large as you are these guys have positions that take time to move. i don't care if they're in big liquid positions. i would be concerned. having said that, this is a

scaleable model, whether 5 billion or 50 billion, i don't think they need to change how  they are set up. if stevie cohen is indicted that's a major deal. if you're an investor there will be movement about this. but as a business right now, that does not change this hedge fund. >> coming up next with mortgage rates above 4%, we've got a street fight overg price that would be poised for big gains and big fallouts. that is next. still ahead, one biotech name broadly outperforming its peers. what's the secret behind this company's success?

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mortgage rates sitting at about 4%, the highest in more than a year. will rising rates kill the housing rally? we've got a street fight here. 90 seconds to make your case. kick it off. >> first of all, the efficiency replacement, just that alone has enough to compensate for any type of damage the housing market receiving will be the ç whirlpool.lp whirlpool up 70% year to date, still in the winner's circle. people revert back to what's working, whirlpool's still working. >> i love whirlpool, the company. this is an emerging prkt appliance company, most of the sales coming from outside north america at this point. latin america's been a growth engine but slowed. the appliance industry has recovered after six or seven years. look at home depot, best buy. those are night for whirlpool. unfortunately first quarter whirlpool's revenues were down, volumes were down.

at 15 times current earnings, this is an expensive stock, .3% higher than it should be. >> if you look at lg, at 21 times. if you look at electrolux, 31 times. if you look at whirlpool, at this point, if you believe earnings -- >> if you believe earnings the next three years, there's factoring -- >> why do they keep -- six straight quarters of negative growth, essentially contracting sales growth, while the entire industry is going higher? this company is actually losing ground despite the fact that globally, they are very focused and very good. >> all right. gavel comes down. i'm going to throw this little bit into the mix çhere. karen, when was the peak in housing? when do you think most housing homes were built -- >> i think summer of 2006. >> summer of 2006, okay.

so the average life cycle on an average dishwasher, refrigerator, in the united states is eight to ten years. >> if you do that from your own research, actually. >>dy. i looked at the appliance manufacturers association website. i got this information. but what i'm getting at is, is there replacement cycle that should be priced in? where do you stand on whirlpool in general? >> whirlpool, this is a lame answer, i don't have a position, i'm human walukewarm. i'd be toward the buy side. >> the replacement cycle got pushed back because of the housing crisis. >> that means it's back in the game. >> that means there is more replacement cycle -- >> they're going to have sales from outside the u.s. this is not just a u.s. housing place -- president global sales actually after being a fantastic growth pot -- look at brazil. >> obviously a good debate on the desk. we want to know who you thought won this street fight. so tweet us using #bull or #bear. we've got the result is at the end of the show.

how are optioned traders playing the market? the action on the etf that tracks home builders. >> looking at that, the january 25 puts were the most active. we saw a bloc of 3,000 trade for 80 cents. on the buy side ofç that, that could be a hedge against a portfolio of housing or housing-related stocks but it wasn't bullish. that would be getting short at the 25 level. that's a significant discount to where it was trading net of that premium you're paying as well. >> as we head to break, shares of tesla, an interesting chart that we noticed. after being down sharply early early in the session from the bottom of the session to about the high, it was about a $5 swing. >> yeah, the thing rebounded almost 7%. when you think about this, they held a shareholder meeting last night, talked about operating expenses are going to go up to expand the production of model s. he said they could over time

achieve the same margins porsche did. if you're short this thing, the concentration of the long holders, it's a tough thing. doing everything right firing on all cylinders. >> i said last week he's changing the way we lack at electric vehicles. he has been doing that. he might change the way ford and gm start bringing out more electric vehicles. i think tesla to your point, short interest of 40%, you cannot short this thing. >> i would say signs, signs, everywhere are signs. >> what? >> song by tesla. >> coming up next, nikkei could officially enter into correction mode tomorrow. was i supposed to know that? >> yes.ç ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪

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welcome back to "fast." time for our top three trades for thursday. ebay inching below its 20-day moving average. so the question for tomorrow is, will it bounce back? >> and its 200 day, today first

close below the 200 day moving average since january 2012. you know, the technical weakness here is significant. if you also want to look at that chart there, it's making a little bit of a head and shoulders top. i think if is a massive level that it has to hold here and i think you can eye that one. >> netflix joining the nasdaq 100 starting tomorrow. joining tech-heavy apple, microsoft and google in the index. positive catalyst or sign of the top? >> boss catalyst. players have to buy this name and plus still at 18% short interest. it's a no touch from the short side. >> japan's nikkei falling nearly 4% yesterday putting the u.s. markets on edge. take a look at how the session in asia is shaping up so far. >> melissa, let me say this, this 13,000 level is looking very vulnerable today. many people are telling us that the six-month rally in the nikkei is over, and in fact, one strategist telling me yesterday that it was a key reversal day

in the markets on wednesday. aware of,ç let me go through those very quickly. the first one, upper house selections in mid-july. we need clarity on what is going to happen with fiscal policy, especially sales tax and the pension funds asset allocation strategy as well. in a nutshell, brace for volatility in the japanese markets. hey, japan's soccer team did qualify for the world cup in 2014 on a lighter note on a more positive note. >> thank you very much. in asia, nikkei levels you're watching? >> i think around 12.8 is where you had the kuroda comments of april 4th that drove this. 5%, 6% away from a major buy, i don't think you need to wait for it. looking at some of the japanese financials this is a place where a lot of people play. remember there's a lot of flows from mutual funds and money markets in yeah been. this is a very retail-oriented

market. i think it's still coming. this pull-back has been healthy. ultimately abe-nomics failed in what they needed to say but i think this is a good opportunity. >> turning to the issue of free and fair markets in the united states. evidence of what may turn out to be an unfair advantage for some. live in washington, d.c. with the latest. >> a monday morning market mystery. why did some traders appear to know what the ism number was going to be a few milliseconds before the official release time of 10:00 a.m. on qonday? let me help unravel it for you. start by looking at this chartb which shows a spike in trading a few milliseconds before the official release time. on the left there, 15 milliseconds early. you can see the volume of trading spikes up dramatically. the hour on the right shows

10:00 when the information was supposed to go out to the market. as you can see, significant trading volume before the information was supposed to be released. why did that happen? thompson reuters tells us that their ultra high-speed data trading feed sent this information out inadvertently early. we have identified there was a minor clock synchronization issue monday causing this data to be released 15 milliseconds early. we are taking measures to minimize clock even criterionization issues in order to ensure release of the data is as close as possible to the refish release time of 10:00 a.m. eastern. this time gap here doesn't sound like a whole lot but take a look at just what could happen in that space of 15 milliseconds. 15 milliseconds is faster than the eye can blink. 300 or 400 milliseconds to blink. nonetheless, nanex says $28 million changedç hands in that5 milliseconds and they saw a

downward move in 369 different stocks. so that indicates how broad this downward trend was among those high-speed traders who are able to get that information before the rest of the market on monday. >> all right, thanks for getting to the bottom of it for us live in d.c.g[#l pops and drops. pandora down 1%. >> so much competition in this space. it's too crowded a spot. i wouldn't be a buyer. >> drop for3wñr mcdonald's dow. >> this is a continuation of the weakness started last week. the stock broke 100, the ceo spoke, they don't like what they hear, they only get 35% of their sales in the u.s. the global growth is weighing on this company. >> drop for fast down 6%. >> they announced their sales result, up 5.1% month on month. but that's actually trailing the competition like ww granger. i think based on valuation, this is one you want to avoid. >> a drop for toyota dune down

2%. >> recall on brakes. this is a place you taked a vac of this. came down to the 50 at 114. i would be a buyer of toyota on this news. >> a pop for jp penny up 1% on a down day. >> likely a cleveland research story that talked about flat comps even though there was a deterioration of 400 points, basis points on the gross margin. although çremember, flat is annualizing 20% down from last year. but that would be a step in the right direction. >> lots of good at jcp, apparently. a pipe for fine art. ever look at art and think to yourself, i bet a monkey could do that? that might not be an insult anymore. a series of photographs taken by a chimp went up for auction at sotheby's in london and the prints weren't monkey business. the pics fetched more than $75,000. >> wow. >> that is insane. >> artists are going to go bananas over that story. >> a great place to squeeze in some beastie boys.

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it is a silent and early filling. hfoh causes extremely elevated levelses of bad cholesterol in the body which can lead to strokes and heart attacks in patients as young as 8 years old. until december last year there were few fda-approved treatments but there is a breakthrough making its way into the market to change that now. joining us is mark bier, ceo of aegerion pharmaceutical, one of the best-performing bio tech companies so far in 2013. we're saying extremely rare, we're talking an estimated 3,000 people in the united states, 15,000 worldwide.ç how do you take a look at the market potential every one of those patients is a potential person who could be taking that drug? >> they're all candidates for the drug. in these patients, they have a devastating disease. they have a lethal level of cholesterol, bad cholesterol, which we call ldl, going through their blood stream. they're born with this disease

and often not diagnosed until 8, 10 years of age when they have a heart attack. if you can imagine a child having a heart attack at 8, 10, 12 years of age. and then they have another event, usually every 18 months, and die by age 30. we found out that we can lower it significantly with this drug. we have a drop-off of 15% ofasze bad cholesterol in these patients. >> the analysts in the community who cover you are very optimistic and recently end of may a lot have raised their price targets, raise the estimates in terms of the number of prescriptions that could be written for this drug justapid. deutsche bank are raising peak patientxd estimates from 2,300 2,000. how do you model that out, how do you know that 2,300 is the potential there? for the u.s.? >> it's difficult with rare diseases because until there's a therapy, there's not a real reason to understand the numbers at that level. so we've studied it for about the last two years. how many patients are out there.

we've gone out and talked to cardiologists and the specialty within that area, çlipidologis. how many patients do you have that would be candidates? our best estimate is 3,000 in the u.s. 15,000 in the developed countries. >> just looking through my notes, $295,000 per patient, which i imagine is prohibitively expensive for just about all of them. is this fully covered? who foots the bill? insurance, medicare? >> every patientñrñr who has th disease fits the bill. we are good about working with insurance carriers on educating them about this sdes disease. it's a devastating disease that causes early death. and the drug is corrective against that diseas that's the most important thing. if you think about some oncology products that lengthen life three or six months, this product has the potential of taking a patient that would die at 30 and allow them to meet their grandkids.

when you have that kind of value, insurance carriers will recognize it. and then you have to take into consideration it takes quite a long time to get a product like this to the market and a lot of expense and you have to now look at the few patients that can benefit. so you price it it a at a level insurance carriers understand and they do. early in the launch, and it's early. the first five months we haven't had a problem getting patients insured. if we do have a problem getting anybody insured we will eventually give the product away for a patient if they're not insured. >> let's talk about worldwide ç roll-out. recently your stock had an enormous pop. i think a week ago when you got initial the equivalent of european fda approval to roll out in europe. what sort of the tim+ñr frame, where do you see this drug going next? >> we're dedicated to get this drug out to the 85 developed countries that will recognize the treatment and will reimburse for the product. we're trying to get out there as quickly as we can. we have a team in latin america,

a team in brazil, argentina, we have representation in colombia, convenience wail la, middle east, taiwan, japan, europe. we've got people on the ground building the patient trackers and meeting with thought leaders, now we have to get it approved in all those areas. europe is on a good track. we have a positive opinion from the european chmp, the equivalent of our fda. they gave us a positive opinion. hopefully in q3 we'll get formal approval and be treating patients in europe in q3. >> okay. mark bier, thanks for coming by, ceo of aegerion pharmaceuticals. >> i tell you, one of the things almost seems to be helping the stock in addition to the fantastic ability of this drug to help patients is reimbursement issues. almost seems that this is part of your execution, part of the reason why you're being raurdsed by the market, is because you guys have done such a great job with sales reps, with doctors, with helpingç people understan how to use this drug, how to get

it reimbursed. >> tim, i've launched several products for rare diseases. it comes down to the people. thanks for recognizing the early execution. it is early. i think the best is yet to come. we've got 12 or 16 quarters now, we've got to produce quarter in, quarter out. early on we have not had a problem with access or reimbursement because of people. we've got a great group of people that are calling on them and a good sales force calling on musicians. >> thank you. the trid here? >> this is a tough one. as grass would say, a no touch here. it's got 14% short interest, 50% of the shares outstanding, sounds like they're doing great things. like you said, they have guy buys on it so i don't know what you do. hold on to it -- >> technically it looks like hate in 2012 where it just took off. it's nearing the same thing. i know it's pricier than it was then. a lot is happening behind the scenes. technicals are more important than ever. >> like a power ball winner.

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not so fast, grieve grasso, our traders are quick but not always right. steve weighed in on the çhigh-d retail trade during pops and drops. >> the whole space has been weak. i would have thought it would have been able to bounce back. technically the whole space hasn't been able to. i would stay away. coach looks worse than tiffany but i wouldn't buy either. >> looks worse? shares up 17% since then, tiffany rallying more than 21%. grasso what do you do? >> tiffany has shocked me to say the least. so on bad news it's moved higher, on good news it's moved higher. here i can't buy it at this level. so i'm going to say it's a no touch at this level. i still like tiffany's chart over coach. >> all right. you tweet it, we trade it. some of your tweets for our "fast money" crew. dan, three camps in may, no pull-back which is wrong or the s&p goes down 5% or goes down

10%. which camp are you in? >> i am in the latter camp. i think we may bounce off a 1,600 soon. we may go back to 1650. i think we'll see -- >> there's three camps. isn't latter only for two things? >> hold on. >> sorry. >> harvard lady. and so i think we go back to 1550 this summer which would be that 10% pull-back. >> 10% camp, bottom line, fine. >> thanks. >> my co, does duncan brands have the cream to rise from here? >> you know, duncan is just -- look. >> why are you cringing? >> i don't like it. >> the cream? >> i would have written that. >> well, youç didn't. >> i probably would chase the stock -- it's interesting. this stock's pricey, so is starbucks. of the two, if someone puts a gun to my head i'd rather own starbucks. >> care, would you take profits on southern? >> on southern, well, if i were to -- >> actually, switch that.ñrñr

>> like grasso did, then i would have done what steve would do, which would be to buy it. >> i still own southern, stay id southern, don't get squashed out. you have the yield, going to be returned, stay in the name. >> that's what i would say. >> tim, would you buy rbs? >> i think people have been concerned there's talk of breaking these guys up, pressure on these guys at home because of their need to get back on the right path. that's been talked for many years, at least at this point, since they -- since they were taken over by the uk regulatories. it's not going to happen, that's your trade. >> karen, your thoughts on google right here sf. >> i like it. ql"é#acebook. own it over >> you still like it oaf facebook. what would you do with southern? >> grasso, what would you do with google? >> been in and out of the name, the las leg out though i'm waiting for lower levels here. i think it's definitely overbought.

still, even though it's come in drastically, so i'm waiting for 830 down to 815. that's how i know i'm going tp c be right. if not buy it on momentum and higher. 875 to 890. >> what were you doing with southern? >> oh, still, still -- >> long. all right. got your first tomorrow come back. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. athey wonder how much fastere justthis thing could go?be.

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and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. so who won the5añr whirlpo street fight, we ask you? steven b. grasso won whirlpool. >> thank you, thanks, thanks. >> all right, final trade time. let's go around the horn. >> for those of you who were with grasso, consider selling some calls. the july calls look pretty good. collect about 5%. >> tim seymour? >> brars has been massive but there are names that are not cyclical. cbd, walmart meets the best buy of brazil. >> my final trade is going to be whirlpool. stay consistent. here's what i'm going to do so i don't wind up on not so fast. >> you'll wind up there anyway. >> a 114 exit would have been great if i said whirlpool.

a 114 exit if it goats the wrong way. >> volatility index spreads. i am a seller. a trade dan got me into. >> it worked. i'm going to read that trade. my mission is simple, to make you money. i'm here to level the playingç field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i just want fewer days like food. my job is not just to entertain you, educate you, teach you, so you understand days like this call 93 at 1-800-743-cnbc. what the heck kicked off the market these