zeroed yak zeroed yak. snchlt! snchlt! . snchlt! snchlt. >> welcome back snchlt! snchlt! snchlt! snchlt! snchlt! snchlt! ! snchlt! snchlt sdmfrmt! ! snchlt! snchlt jrk sglfrjs! ! ! snchlt! snchlt! ! >> secretary of state john skery took a stand on the violence in syria. let's listen. >> what we saw in syria last week should shock the confidence of the world. it defies any code of mortality. let me be clear. the slaughter of siecivilians i

moral obscenity. it's inexcusable and despite the accuses and equivocations that some have manufactured, it's undeniable. >> let's bring in our own amen javers with more. is the secretary setting the stage for a u.s. strike? >> it seems clear he's setting the stage for some kind of u.s. action. the question is whether that will be unilateral or in conjunction with other allies, nations in the region. whether that's military or some other reaction, the secretary of state did say today that the president is going to make an informed decision about what to do about all this. i want to play a quick snip it, very clear here, the secretary said they have been examining a wide range of incoming data and intelligence and all of that leads him to one conclusion. listen. >> these all strongly indicate

that everything these images are already screaming at us is real, that chemical weapons were used in syria. >> chemical weapons were used in syria, the secretary of state saying. that would seem to lead the u.s. without a whole lot of wriggle room. they're going to have to do something about it after that emotional statement from the secretary of state. he spoke about viewing the slaughter of women and children and innocent civilians on the internet himself personally and the impact that it had on him. you can imagine that after that language the united states is going to have to do something in the foreseeable future, the time line unclear at this point, what specific action we might be seeing also very unclear at this point. scott? >> thanks so much. to the traders now, josh brown, as if we didn't have enough to worry about here. we have fears about the taper, housing concerns because of the rates which have backed up and an interesting market reaction as you were talking about back

stage. >> one of the things that people look for who are looking at shorter time frames are noticeable diverges. a lot of traders were talking about for the last 30 days bond prices and stocks have been moving in complete correlation,.88 percent. you saw a huge divergence, stocks went out of the lows and treasuries ripped higher. this is the first time it happened in 30 days. you can see the green and blue lines. that is of a very short term nature. we don't know if we'll see it tomorrow or the next day. >> grasso? >> the market has become numb to taper. numb to ben bernanke. obviously we pulled back from that 1700 mark. i think we ratchet back up there but geo political, that's the

one headwind. >> when you think about it josh mentioned the divergence, a really slow monday in august here. the s&p closed down 40 whips. that is a big move but remember it closed shy of 15 here. there was call buying in the vix. to me there was no panic here. you didn't see it in oil. if we're talking about geo political in the middle east didn't show signs of stress. >> we still don't know what will happen and also volumes were basically above 25% lower -- >> that's my point. you could have pushed this thing around and had the s&p down one percent. we didn't have it that way. >> how about all the noise around rates and taper and syria and whatever else, you still have the s&p 500, guy, which is three percent or so away from it's all-time high. >> so steve's point the market should have been down more given what dan is saying here. i think it's encouraging that

we're not. i think we're going to push towards the 1700 level. to josh's point, rates have been sort of moving higher all year. i never thought they would get as high as they were. i thought they would stop around 2.4 in the ten year. since may it's been a drop. you're about to break through a downtrend in the tlt. i wouldn't be surprised to see the tlt move back to 110. you can see that in lock step with an s&p that might ratchet higher. >> let's assume that the rhetoric from kerry turns into actual u.s. action. what do you think that means for the market at a time when volume is so light that things can be pushed around perhaps easier than normal. >> certainly this time of year as we get into september, this is really the worst month of the year for stocks over the long term and it's also been the time of a lot of whippy type of action. so i wouldn't be shocked if the market overexaggerated any kind of headlines or geo political

risk. but i think the right way to look at this, scott, still is that we're in week four of a correction that began on august 2nd. we put in that high. it was a moment where everyone went all in, they had to be in stocks, advanced decline backed off on august 6. we don't have great market internals here and earnings season is over. we're without a catalyst. >> the other thing is stocks were trading on a stock by stock basis. when you see geo political concerns today everything sold off. tesla reversed, google came in. there is no place to hide. >> it feels like the taper, to josh's point, may be the only catalyst and a pushoff of the taper. >> we have the debt ceiling starts all over again. lew supposedly told boehner they're out of money in october. >> let's see what jack lew has to say to john harwood tomorrow in a highly anticipated interview.

do you put anything view in that that a push off in the taper is the best thing to happen to the stock market? >> 100 percent. i think september was a pipe dream. they tried to speak to that but i think they were test balloons. i don't think we're looking at a september taper. >> how do you say that though? the ten-year yield just went to 2.9. >> the market tapered on its own. >> if you think about why we don't taper, the fed that said they're going to be data deponent are getting a whole host of bad data. we saw q 2 earnings and guidance for the second half of 2013 and everyone was hoping to see an uptick and we're not getting it. >> talk about weak housing data and the rise in interest rates obviously raising questions about what that means for the housing recovery and whether that's at risk. let's bring in the senior u.s. economist of bank of america.

we're at the how's at nasdaq. how concerned are you in the backup rates and what it could mean to the housing? >> it's clearly a risk because everyone is looking for housing to be the engine of growth going forward. it's showing early signs of pulling back, no surprise the fact that interest rates are higher. i don't think we're looking at housing markets stopping recovery but the pace is going to slow. >> you have the most recent housing data was negative, so the action in the market would seem to suggest that it's more negative than perhaps people, even you, are expecting. >> it's important to look at near term versus long term. housing in the early stages of multi-year recovery. if you are looking at pent up demand, the question is how quickly are we going to get there. >> do you think the fed should taper in september? >> i think it's going to be a tough call for the fed. we've been saying we think it's going to be later in the year than earlier. i think september is a

possibility. >> what about the data? >> the data are not supporting strongly a rush to taper. >> you saw home depot was up two percent. my sense is that was on the back of rates going down. are you strictly looking at rate moves when you are looking at these stocks? simple as that right now? >> you want to look at what overall demand is going to be. rates are one part of the story. >> seems to be a huge part. >> it is in the market but not for the typical homeowner. you're adding 60 or 100 bucks on the payments. that's not going to stop the recovery in housing. >> wouldn't you agree that it's hedge funds, black stone, people coming in buying homes in bulk and we're just not really getting the commensurate how's hold formation that we should be getting at this point in the

sick cycle? >> as you see the investor action in these home sales drop dramatically, the first time home buyer is dropping off the map at a faster pace than investors. >> the first time home buyer is typically a younger household. longer term it should be one and a quarter, in the that range. we have a couple of years. >> don't we want the first time home buyer back off and want somebody out there who has the job for a longer period of time, has a lot more money in the bank and can put down more money or a down payment on the house versus the first time home buyer that doesn't have that. >> first timers are putting 20 percent down and taking 30 year mortgages. >> they don't have a choice. >> right. mortgage standards are a lot tighter than they were six or certain years ago. they're in a better condition

than, say, the peek in 2006. but the simple fact of the matter is you have to see the demographics support it and i think they will but increasing interest rates are going to affect that. >> guy said last week the stock couldn't rally. by the end of the day it was down. i think the stock was down ten percent from the july highs. to me this has been a poster child for the housing recovery rally and it's got nothing left. i know it bounced today but to me that's after a week of underperforming. to me i look around and see these home builders stuck in the mud. see the reits are stuck in the mud. if home depot can't keep it going, i think it's over. >> clearly the market is worried. you saw home builders peek earlier than the hard data, the macro data. i think we are without question in a situation where the market is more worried about housing and the fact that you have mortgage rates 100 plus basis points is going to slow the pace

of momentum going forward. the question is has it stopped? i think no. >> thank you so much. let's go back to hq. >> we're keeping on eye on jcpenney because according to a regulatory filing, it's going to sell it's entire stake in the retail retailer. shares are currently down two and a half percent in the after market. >> dom, thanks so much. this was sort of telegraphed, right? it's news worthy when it takes place but he telegraphed it last week in a letter to investors. i don't think we should be surprised by the fact that bill ackman is getting out of the way. >> you've been on top of the story all along so i think it's exactly that. but when you see the headline,

39 million shares, it creates a knee-jerk reaction. i don't know when this is being priced or what price. we've heard anywhere from 12 and a half to 1290 but you do get a weird feeling that this jcpenney trading the stock isn't over at some point. >> they need to find an incremental buyer. we saw the filings last week and we saw perry come into it. >> perry, sore rows, kyle bass. >> right. so you need to find somebody who believes in this equity is not going to be diluted by the company who needs to raise capital, too. this is the largest shareholder that's raising capital. >> the only thing that matters now is whether or not this will enable the company to recruit questions interim and someone that we view is capable of executing the turn around. >> questrum is not going to be

the ceo. >> i would be shocked if they couldn't do it. frankly, the stock price is telling you that they should be able to find someone that the street likes. otherwise, i can't see why this news wouldn't put the stock at closer to 12 bucks. >> buyers on the desk, yes, no? >> i'd like to see it shake out. i would wait until this thing gets done. i would definitely take a shot. >> this is going to be the cleanup trade of the century if you can get this below 12 dollars, 11 dollars. >> i'm with it only because it's ackman's luck this year. i think that's going to be the catalyst to upside momentum. i do like the momentum stocks. >> the paradox being that the best thing the activists could do here is step away to have shareholder value created is kind of interesting. >> september is a golden opportunity in precious metals. now that gold is above 1400 find out how gartman is playing it. jets fans just can't catch a

break as a major coaching fumble side lines mark sanchez. suffering from a disastrous decision-making. plus as we mentioned earlier, tune in to john harwood's interview with jack hew. we're back in a couple of minutes. [ kitt ] you know what's impressive?

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>> it's the hottest stock of the year and one of the most contentious on this desk. take a listen. >> i actually bought it today. we've been bullish. you can't fight momentum. you can't fight the fed or elon musk. >> i think this can go lower than people think. >> i love the car and the company but too high. >> this is complete bubble territory in terms of their valuation. >> i believe more in tesla up here than i did 50 points ago. i also argued against the valuation of it. >> shares hitting another all-time high in today's session, up more than 380 percent and adding $16 billion in market cap in 2013. at what price do the numbers get

too big to sustain for tesla. what do we think. law of large numbers doesn't seem to matter now. >> gm's market cap is 55 billion dollars. they have sold 1.5 million in august. if tesla is lucky they'll sell 40,000 cars next year. i love this stock. loved it since 50. i've been bullish. at 164, one or two bad weeks in this market, this could erase 20, 30 points in the blink of an eye. >> when you start to look at where the law of large numbers come into play, you have to factor in growth, factor in that elon musk is changing the way we look at cars right now, the way we look at electric cars. they're not uncool anymore. people want the car. >> growth is being factored in. >> i don't think it's really -- i think people are factoring in what they think this car company

can be five years from now. i think right now it's still limitless. i actually bought the stock again today. i've been in and out, made money. this was risky today. it had to break out of that 160 trade range. >> valuation versus momentum. you could argue the valuation is too high, unjustified. there are those who say it about facebook. but the momentum trumps everything for at least a period of time. >> something can stay overvalued for 12, 15 years and undervalued by the same token. >> we've been saying this for 100 points now. you have a situation where there is 25 percent of the shares are short. you have the top five holders that own 50 percent of the shares. you have the founder of the company who bought $100 million worth of the stock in a secondary in may at $23. they're all in on this and it's a tough technical trade on the

short side. i'm going to tell you that josh's point you know where support in this thing is? $93. >> they've a way of squeezing out the new guys on the block. you could see a scenario where they do it to tesla. to josh's point things can stay overvalued for a long time. this stock doubled. people have been staying valuation was rich at 80 bucks. here we are twice that. the reversal wasn't as big as people are making it out on the streets. let's see how the rest of the week works out. >> gold has been one of the hardest trades of the year but the metal is gaining momentum or appears that way as it gets closer to a bull market. dennis gartman of the gartman letter joins us with his view on what is happening now and of course the broader market. good to talk to you. >> always good to be talked to. >> where do we go from her? if we're at 1400 is there

momentum left or is this the short term burst that's about to run out of steam? >> i don't think it's about to run out of steam. i predicate every conversation concerning gold with the fact that i'm not a gold bug. i'm not a believer in gold but it is a bull market in gold. there is enough political confusion to continue to put a bid into the gold market. it's strong in yen terms, in euro terms. gold is strong in sterling terms and it's even strong in dollar terms. it is a bull market. it's still going higher, wants to move, i think, a great good deal higher. there was a seller in dollar terms at 1380. he was satisfied. there was a seller again obviously at 1400. they were satisfied today. i'm not sure where the next seller is going to show up but i suspect a seller at 1450, at 1425 and i suspect we're go through and satisfy the sellers. >> what is the biggest catalyst?

>> the geo plit colitical risk s interesting listening to secretary kerry. i thought it was a weak statement. we're going to go back and have discussions with our allies and have meetings and i thought this was a weak statement. as soon as he stepped down from the podium, gold which had been trading at 1396 quickly went to 1400, 1405 and right now is trading at 1408. i think it's geo political risk is putting a bid into it plus the fact that the economic data has been weaker than i thought we were going to see. that's taken accomodation off the table certainly for september and probably through the end of the october of the it's probably going to -- we're probably going to have the fed being come day tif at the same level we have had thus far through the end of the september. >> i think the market would probably take issue with your characterization there of a weak statement, right? i mean, we saw stocks sell off,

finish at the lows of the day and treasuries rallied. clearly the market took it seriously. >> the market took it very seriously. it took it seriously enough to understand that that was a weak statement. that was not a statement of a powerful country making a powerful statement that all lies would look at and rally behind. that was a statement saying we're going to ask our allies if it's permissible for us to take action against somebody who has killed thousands of people and continue to debate it. i think that was a very weak statement and that's the reason why gold prices went bid up and stock prices went sellers. >> i don't want to do a political discussion but let me get another comment from you before i let you go. i read your letter today in which you say you have a new recommendation that being long equities. why now because it hasn't been an easy thing as of late as you admitted yourself last week i believe. >> absolutely. i went back and bought the nikkei because i think the nikkei is going to be the place

where equities prices have been the greatest valuation. i can be wrong but i think after a bit of correction that we have had, the inability of market to sell off quickly and after this afternoon's weakness following the secretary kerry's statements i may be wrong but i bought the nikkei today. i've got one unit, not a huge and overwhelming position but we'll see how it plays out. >> part of your note is there is no choice to be bullish. i think there are people lining up now saying you look at what is out there there is no choice but to be bearish. you have the taper coming, the debt ceiling debate and a lot of other headwinds in the windshield. >> i refuse to use the word taper. i refer to it as accomodation. i think the economic data has been to weak in the past couple days that accomodation is still on the table for a long erd period of time. that has been the projenn ter of

rising share prices in the united states. i bought the nikkei, japanese shares rather than here in the united states with the accomodation that those authorities, the bank much japan said it's going to double its balance sheet over the course of the next year. that's enough to tell me i'll go back and be a buyer. can i be wrong? lord, i'm wrong more than 60 percent of the time but i'm still having a decent year. >> you also said in your letter that you could buy the u.s. equities this week so it's on your mind? >> yes, i did. i said my interest has been peeked. have i acted yet, no. there is a big difference between having your interest peeked, looking at it, acting upon it. i have not acted yet. i may yet. >> dennis, thanks. coming up, does the most recent bump in hewlett packard's road offer a buying opportunity.

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get the blood tests. change your number. turn it up. androgel 1.62%. >> welcome back. hp ceo meg whitman's plan maybe in jeopardy. but is it still a good buy. time for a street fight. grasso, 90 seconds on the clock. you're up first. >> anyone that tells you the bear debate or the bear case is because meg said that profit growth or revenue growth wasn't possible in 2014, that's old. the stock already took the hit

on that. what you have to focus on is project moon shot. data centers. this is the future of hp. it's not pc. it is enterprise. they're both lagging but if apple and buy do is interested in their data centers, that's going to move the needle. it's already had an incredible run, 144% to be exact. it's not out of gas just yet. there is still room, got to hold the level. >> the show is almost over. here's the thing. i don't think you short the stock. it got nailed last week, 13 percent on the disappoint is earnings report. at some point here meg whitman has rung out out cost savings that she could. they're kind of pulling tricks here. account payables were up, resulted in better cash flow, arrest r and d, just tricks here

that they didn't beat on earnings when you backed out these one time items. they backed off of that 2014 revenue growth thing. they have an october 9 analyst meeting. if they back off of the plan they had set in place, i think you see a stock below $20, ten percent lower. i don't think it's a great short but i think you're going to get a better opportunity to enter below 20. >> they're both winners in my eyes but when steve was talking about moon shine or whatever, he lost me there. so i'm sort of in the camp this could trade 19. steve has been all over this but i think he might be pressing his luck. i take dan's side. >> tweet us @cnbc "fast money." we'll give you the results at the end of the show. scott nations follows the trader

action. >> what do you -- we saw a big one today in hpq. they paid 23 cents. that's their max risk. it also means that their break even is $26.23. they see hpq above that level at that october expiration. that's an opportunity level, that 26, 25 level. that's where hewlett-packard spent most of july and august and they're buying on a dip and seeing it back above that level by october. >> scott, thanks so much. time for pops and drops, the big movers of this day. tyson foods dropping and dropping hard. >> it's down seven percent. bank of america downgraded it. this stock has been acting pretty well all year. it's still well above its 50 day. i think this is dip.

i like it. >> home depot. >> they raised their guidance but it was below consensus last week. the stock sold off. a great pop in an ugly market but i think the housing trade or the home improvement trade is slowing down. buy it below 75. >> best buy. >> i think the stock tripled this year but valuation isn't rich but if you believe that the housing trade has turned, best buy has to turn. up here at 36 bucks i would be extraordinarily cautious. >> ch robin con worldwide. >> i need this stock to stay above 60 before it's buyable for at least two or three days. >> i pop for the bulls, no, not on wall street but on a dirt road in virginia. the spanish tradition of running with the bulls has stamp speeded

into the u.s. and organizers say it could be a cash cow. guy's back yard looks great. >> if somebody happens to get killed, they're kill the bull and that's wrong. if you get killed being a jerk running with these things, then you deserve it. >> that's fine. they love it. >> just saying. >> it's so funny that we ran that video. remember rex ryan, running with the bulls. after the break we'll look at what companies might be like for the jets of the market. plus what the options market is telling us about the earnings on deck. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves...

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>> welcome back to "fast money" live from the nasdaq market site. time to have a little fun in light of rex ryan's latest blunder with mark sanchez and his injury from saturday night's

preseason game against the giants. we want to pose the question, which companies are the jets of the stock market, can't get out of their own way. of course, this comes from the fact that it was a preseason game, starting quarterback got hurt, said he was trying to win a meaningless game. dr. j. is a former pro football player and joins us on the line. doc, which companies are the jets of the market and just keep butt fumbling? >> i'd have to put the gold minors in there even though at times on the dips i have bought them. look at newmont mining. they eliminated hedging and everyone fold along with them lock step. this was july of 2007. if i told you gold was 650 bucks an ounce and i'm sure dennis gartman can back me up on that, the stock or the value of gold is double that now, and yet,

newmont is down 16 percent since july 2007. so this decision to not hedge has been horrific. in other words, it's only a by naer bet then. it's only good if it goes up and it's bad if it goes down. meanwhile it makes it very difficult, i think, for them to manage basically borrowing costs and all the rest because the banks are less likely to lend them money because they're not locking in what would be otherwise tremendous profits at higher prices. so i think that was a big mistake and you'll see a lot of the miners start to eliminate that mistake going forward. >> doc, we'll talk to you soon on the half. >> thank you, sir. >> josh brown? >> my pick, the jets of the stock market has got to be sears holdings. this is a company that was once great quite a long time ago in the 60s and hasn't been able to accomplish much since then. internally it's a disaster just

like the jets. according to a recent profile they've got different divisions within the company actively competing for resources and the investment thought he could run a retailer. the whole thing is a wreck, looks just like the jets. just when you think they're about to finally please shareholde shareholders, things get sticky and go the other way. >> dan? >> a company that was the nasdaq in the late 90s and over the last 15 years had dominant pc market shares. this stock is in the exact same spot it was in august -- intel here. >> it's intel. here's the thing. they have let upstarts like amd get in front of them in front of certain trends in the marketplace. this was years ago when it was all about gaming. in the last seven years it's been qualcomm in mobile. they missed the boat as it

relates to smart phones, tablets and they are two windows deponent. they brought in a new ceo and something has to happen here. i don't think that is correct do it on their own. this company has to merge with a company like qualcomm. >> let's move. next trade earnings season of course winding down but there are still some big names reporting this week. joining us to break down what the options market is saying, the chief strategist. >> what do we read from the options market on earnings? >> first we'll talk about a stock that's going to look pretty well and a stock that may have a big move and a stock that maybe doesn't do well. the first one the stock that the options market is predicting good things for, tiffany. if you look at tiffany -- >> glad you were watching. >> there has been a lot of call

buyers, particularly like the september 82 and a half and the september 87 and a half calls. all big buyers. with that there were put buyers today but the put buyers today were matched up to stock which works like a synthetic call. it's very interesting to see. this one, again, where although it's hit a very nice run as you can see from the chart here, it's one where the options players seem to think we can continue to have the nice run forward. the next retailer that isn't looking so hot right now would be guess. guess has absolutely struggled, down nine percent since the last earnings and the options market right here is telling us that they really feel it's going to continue to struggle. the september 25 put. we have had constant buyers for two executive weeks now. this would go in line from what we have's seen from the earlier earnings and one that i think could couldn't to suffer overall. there doesn't seem to be much upside support for it. finally if you are looking for a big move, one where the options

market is predicting, perhaps a bigger move would be in sales force.com. you can see just off of some of its highs. here's one that set 42 puts, 45 calls. we're seeing big buyers of both. overall both been trading about two and a half times their normal and today on a slower day and this isn't a stock that trades a ton of options anyway, we see august so for this week 43 and a half straddle. that means someone bought the calls and the puts together. they're looking for a big move one way or the other. right now we're looking for a daily move of about $2.96. these are people who expect us to break outside that range later this week when earnings come. >> j.j., thanks. ahead on fast, the most talked about cnbc moments of the day, plus the stocks shaping up to be the biggest movers tomorrow. stick with us. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking,

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>> welcome back. in case you missed some of today's moments on cnbc, here's a rapid fire recap in tonight's executive edge. >> this is a pretty dis ortly

process. how did we get to the appointment of the fed chairman being kind of like dancing with the stars. >> goods down a whopping 7.3. take out transportation down.6. >> a consolidation overall has been good for this industry so when we look at the massive consolidation that's taken place, we had a lot of bankruptcy as well this is right size in the industry. >> this is what happens when a ceo leaves. the impression is they were perfect or terrible. i think ball mer did a good job under difficult circumstances. >> you can't defraud 5,000 people out of $40 million and then say things like this was a conspiracy between me and president obama. the case speaks for itself, the evidence is overwhelming.

he committed fraud. >> eric snyder has a very low approval rating. we have the trump school which had a 98 percent approval rating from the people that took the courses. it was a wonderful school. >> bill ackman, the investor behind jcpenney is going to sell his entire stake in jcpenney totaling roughly 39 million shares. >> that's the executive edge. a number of things -- the trump thing is obviously the biggest talker but from an investor standpoint, barger who i know is a friend of you guys here on the 5:00 show talking about consolidation. there is the usair and amr thing. the negative durable goods report was really a dam per on where we think this economy is going. >> you don't want to see that. i think it's par for the course. we've gotten about half the data since july 1 has been positive. the other half has been negative. it makes it so hard not just for

the fed but for us to figure out how the fed is thinking about it. i would definitely put that in the camp of something that's confounding investors. >> especially going right into september now when we kicked off the show talking about taper going into september with that number i think it's difficult. >> that's what i wanted to ask dennis. how does it peek your interest about u.s. equities. things are slowing down. the rate of recovery is not increasing. >> he's a short term trading so he's thinking no taper, stocks have a furious rally and he would probably take it off. dennis moves quickly. that's not necessarily a positive thing. >> the thing on ball mer was interesting talking about the transition fraught with risk. >> a lot of people the catalyst for being long on microsoft was steve ballmer was going to exit. if you didn't take advantage of that it's to your detriment

because the stock went back to where it was preearnings and i think it's going to go where it was post earnings. >> i love how carly took it easy on ball mer because she was the second most hated ceo and that stock popped when she was ousted. >> up next our viewers have questions. we' we're trading your viewer tweets after this short break. the most free research reports, customizable charts, powerful screening tools,

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>> not so fast dan nathan. our trade ergs are quick but not always right. in july dan made a bearish call on forget ex. >> it's not big ackman's pick to click. short it above 100. >> well, since you made that call the stock is up some ten percent. >> listen, i did short it. i lost money. here's the thing about this one. when it rallied six or seven percent because people thought ackman was buying it, to me it seemed ludicrous. it's making new ten year highs rights now, not a particularly expensive stock and it fits certain recovery stories globally. i got railroaded in this. i'm out. >> let's get to your tweets now.

grasso has xom bottomed at these levels? >> it's at the low end of the 52 week trading range. if you are looking for an entry point this is as good as any. i would figure with the syria headlines that are not going away this should be a pop. >> josh, will trip rip or trip up? >> trip is one of the most ludicrous stocks in the whole market. earnings are up 11 percent but the earnings multiple is up 80 percent. there is really nothing justifying it. here's what i would tell you on this stock. $70 is really reasonable support. it's got a gap from that level. if it breaks below 70 and you're a momentum guy you really want to be out. if you want to be long, you can but that's where i would set my stop, just below 70 bucks. >> dan on the ecig. >> you have to go to the

traditional tobacco guys. both of these companies have made purchases of e cigarettes. if you believe in this and think it's a good hedge against tobacco products going away, own those two stocks. they have five percent dividend yields and you may be on the cusp of a big secular move. >> guy? >> john deer traded down end of june, early july. did it again recently in august. i think you can trade it on the long side looking for a pop up to 90. >> first move tomorrow when we come back. [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪

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getting slaughtered. >> we are's talking about a 3-d printing company for those who don't know. steve? >> tesla. >> dan the man? >> i'm with guy. i think you take profits in microsoft and halftime show as well. have a great evening. "mad money" begins right now. my mission is simple. to make you money. i'm here to level the playing 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. i'm trying to make you money. my job, not just to entertain but educate and teach you. call me. 1-800-743-cnbc. you learn more about the stock market from looking at the all time high and 52-week high lists than just about any other device indicator or report out there. that's because the new