hour before the close only to come back by the close with a gain of 23 points. 14,833. nasdaq picked up. it was among the winners all day and the s&p 500 up nearly 7 points at 1639. have a great night. thanks so much for joining me on "closing bell." see you tomorrow. follow me on twitter and google plus at maria bartiromo. stay right there because "fast money" begins right now. >> live from the nasdaq market site in new york city's times square i'm melissa lee. your traders are grasso kelly, adami, finerman and mike khouw. let's get straight to the big story. one crazy september. it's historically the worst month for stocks and uncertainty looms for this market. first we have the vote on syria. will congress go along with the president. then the fed meeting on the 17th

and 18th. of course don't forget about the gridlock in washington on the debt ceiling. congress also needs to vote by october 1st to keep the government funded through year's end. which of these september events syria, the fed, or the budget should you be watching most closely. how are you trading it? >> for me it's syria. the other events we know about or at least we had a chance to price in. we know there may or may not be tapering. that game has already been played. the budget is a little too far. the reason why syria is important is not actually because of syria but will the violence spill over into iraq. so far -- this what we were talking about last week with $150 oil. they were concerned about an attack by the u.s. exacerbates iraq and moves iraqi crude. that's why you have to watch that. >> bank of america made the

point that with oil conflicts the stock prices go down. >> we've already seen a lot of reaction on taper factored into the market. we've been there, done that with the debt ceiling. syria is the real unknown. i'm just trimming around the edges here buying on dips selling on little pops. >> let me ask a crazy question. what if we see oil spike to $125 a barrel or whatever does that impact the taper if it were on the table for the september meeting? >> you know where i stand on that. first of all, i don't think the taper is on the table for september. i think they released what they were doing in september and it didn't seem to change anything from the last few months. i actually think they're market deponent more than anything else. yes, i think it would change a lot. you'll see a spike depending on how sustainable it is. forget about the taper talk.

>> let's say they go ahead with the taper, that the data supports them tapering and you have a situation that results in oil being $125 a barrel. they can pull back. they'll leave that completely open in the market as we see fit from time to time, whatever language they need. >> the risk that they run, obviously, is that if qe is supposed to boost financial assets and oil is going up then you exacerbate the problem. >> if qe -- say that again. >> in general qe makes assets go higher, right? >> right. >> it goes from the fed to the banks and goes to the financial markets, that's why the stock market is so high and these assets have done so well. if that occurs and oil sunday trade due injure and all the money goes to oil then you can exacerbate the oil move. >> i think it would be very short lived. >> counter to that what happens then if they are looking into the glass right now saying okay, oil is spiking on its own

so maybe we should taper and that would have an inverse reaction to your premise, right? >> i think when it comes to oil is what karen brought up is how sustainable it is. when you look at past oil crises they have been where you have a strong american presence america as the policeman. that's at question how willing is america to get into this middle east civil war. it's not just syria, it's throughout the middle east. >> i want to bring in mike khouw. taper, budget or syria? >> i would have to go with the budget actually. first of all, syria is not 100 percent a foregone conclusion at this point. how bad is that situation going to be? they're talking about a very moderate action if any. i'm not really that concerned about that. what i am a little more concerned about, of course are the budget stalemate issues. you have this brinksmanship and a whole bunch of people saying

they had a victory on what ends up being a poor outcome over all. i'm not looking forward to that at all. any additional concerns about tapering would be a real for financial assets to sell off. >> given all the uncertainty here how should you be positioned. joining us chief market strategist. you say remain bearish in the month of september and you made that call before the syria conflict bubbled up. >> it was three premises. interest rate volatility was bad for the consumers and bad for the markets. we still have that. money flows out of etfs which we saw a month ago are continuing into last week. lastly we see earnings estimates continue to decline and that puts a little bit of a pin into the bubble motion of valuation being cheap. >> given the potential of oil prices spiking and providing a headwind to consumers as well as to companies and for the stock market, are you more negative

the markets now that the syria conflict is bublg up. >> the market was not well set up for the vix being below 15. valuation being 15 16 times this year's earnings, not very well set up. the story is the same. >> put a price tag on it. are we looking for 15 percent to the downside or is this more of your standard answer 8 to 10 percent move. >> this feels like an 8 to 10 percent move but a grinding move over the course of a month or six weeks. we're not going to get a one day event. it's going to be a slow grind which feels painful when it's happening and better to avoid. >> you talked about the vix was low when you made this call and there was too much complacency. if we get a vix to 17 to 20 will you say the psychology has gone the other way and it's time to buy? >> absolutely right. the vix even though it's a flawed indicator because it's short term is a good sentiment

indicator. at 17 we're not there. at 20 we're at the 20 year average. over 20 time to take a look. >> are there secondtors you say are going to feel the pain? >> consumer related except the autos. they're fine. a lot of other sectors, retail especially, seem to really feel the brunt of this. look at the financials as the big tell in this market. the financials led our way higher over the course of this year. when they bottom you're going to see the market bottom. >> since the last time you were on the market came in maybe three percent. is it playing out like you thought it would? >> so far, yes. you talked about syria, a critical point. syria has the chance to throw a wrench into our callous, unfortunately to the downside. it's a tough situation to

predict and call in washington and damascus. that's the thing i'm looking at right now that could potentially make us more bearish thinking through the potential options there. >> could this be a market short in your view? >> that's a tough one. a market short requires catalyst and timing and focus. this is more about the market trending downward versus saying get short here. >> nick, thanks for coming by. we appreciate it. in terms of retail karen, specifically mentioned retail and obviously that would be the first place you would go to sell if you think oil is going higher in a spikey kind of way. >> well i have definitely retail exposure. if i thought oil was going higher, i really do think it would be short lived. so i would look to be buying retail that probably will get crushed in that scenario. >> the silver lining is it's after back to school but before

christmas. >> to beak's point, the initial spike may be short lived, the move to whatever price you want 125, 130, but the floor then becomes different and a lot more painful than the 125 back to 100. i think the floor becomes 115 and it gets more interesting. as long as we stay above 1625 i think the market is okay in terms of the s&p. >> what's important for the investor to realize is when they look at energy they buy they can buy all of energy and you can't. stay away from the refiners buy the service companies. hall burton looks good. >> let's go back to headquarters and check with dominic chu who is watching hain. >> on the move after hours after carl icahn decided to take some of his investment after the table. icahn and entities related to

him are selling shares as part of a stock offering being underwritten by jeffries. his stake will be reduced to 7 and a half from 15 percent holding. hain stock is up 45 percent. >> karen, this is a name you had been in. >> yes, and sold about 30 40 points too early. it's been a home run for icahn. i think it was icahn and his son. what else is good for him besides making all that money is they were a constructive shareholder. they had a seat on the board. they held it for a long time in their view of a long time and they made a fortune and now they're selling out. i think it was good all the way around. >> he didn't tweet it though that he was going to sell. >> so disappointing. coming up it's official apple scheduling an event for september 10. what exactly will it enveil and what will it do for the stock.

we're playing the apple guessing game next. plus what exactly does microsoft's 7.2 billion dollars acquisition mean for the market? stay tuned. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

>> save the date apple has sent out the official invitation for its next event on september 10 saying this should brighten everyone's day. will it be enough to get the skeptics oh, e. >> i wonder if they're going to come out with the tooty fruity ipad where it comes out in different colors. >> so tuty fruit oregon otherwise -- or otherwise, let's play the apple game. how are you trading it? >> i'm long. i've been long for a while. i think it's going to be a phone. >> what kind of phone? >> as opposed to other products apple tv or whatever another mini whatever pad. i think the -- and i'm wondering

if it will be something from the acquisition they bought if there is some sort of bionic element to it swipe or something like that. >> grasso? >> we've seen the leaked photos already so it's going to be the 5 c. >> everything on the internet. >> it's true. this stock is probably markzed out. you're looking at margins coming in. when the most innovative thing and bullish thing they can do at stock buy back i don't think people buy it for a buy back. >> guy? >> i think they're going to make a larger phone. i know pete talks about it all the time. to the extent they're going to do that they'll pull that off. on the other side they announce a cheaper phone to rival. >> the 5 c is what it's being called, the cheaper one. >> what does this mean for the stock? stay long. that was the resistance on the way up. a couple times it broke through. you see the move now.

that june second half story pete was talking about, it bottomed out at the end of the first half and it's been off to the races ever since. technically 465 is your point of demaration. >> i don't think it matters if it's going to be a different color phone or a smaller or bigger, they're transitioning the companies. people want different choices. so in terms of apple, you get the different choices now. for me going into it how you trade it i think the stock is vulnerable down to 442. today's action was very weak and looks like it's going to get weaker. >> mike khouw. >> if they're going to come out with a larger phone that you have seen out of motorola samsung and everybody else that's a bad sign for apple. the company managed to preserve higher than average margins and a higher margin product, if they basically are trying to catch up

with everyone else they don't deserve a premium and that ultimately is a bad thing. >> also participating in the apple guessing game tonight, bgc's collin gill lis. >> a phone. >> way to go out on a limb with me. >> it's going to be a gold phone! that is my prediction. i don't think they're's going to get a bigger screen. i think we're going to get the same old same old. i think the low cost the moniker, it's going to be known as the cheap iphone. that's really how they brand it. that's going to be a branding issue. it's going to be still too expensive because the smart phones are dropping very rapidly. that's part of the whole microsoft, nokia deal. they're targeting people who are buying $120 all in smart phones that are rotating from feature

phones to smart phone. if they roll out a $400 low cost phone, that's still expensive. >> you think cheaper will be a price point of $400 with the subsidies? >> unsubsidized all in it's a $400 phone. >> with subs dises, that's the world we live in. >> not the people who this phone is targeted to. subsidized phones are primarily for developed nations. >> back in august ubs had a note that the 5 c could mean 11 million units sold on china alone. is this too optimistic. it doesn't need to beat nokia or a lot of other cheaper phone players. it just needs to add revenues to its bottom line. >> but the issue is are they late to this. quite frankly, there is only so much you can do with a phone. in terms of people that want

revolutionary components. we need a brand new revenue stream out of apple. >> is listening to you, your $500 price targets come and went, great job by you. it sounds like you're leaning negative on this stock. are we going to do something ahead of this event? >> i'd like to left handisten and see what the products are but i will point out that the stock did peak last year september 19th. the product announcement last cycle was september 12th. it went on sale on the 21st. it was definitely a sell the news situation last year. >> on the high end do you think there will be any revolutionary? >> gold. i mean it will be the a 7 processor, a better battery, a better camera. here's another thing.

so much information has leaked about this event, it seems there is a lot more information available than in prior iphone release cycles. let's see if that's all to lead us up to a nice big surprise but i don't think so. >> how do you think this -- before, it's true information was kept very tight, right? >> why is it now there aree leaks these days? it seems to undermine the surprise factor for apple to the point now where the price action is so well we know there is going to be a runup event. it sort of supports that. >> perhaps to generate buzz or holes in the supply chain where images and pictures are coming out or hey, this is the end of a development cycle. >> how much is this is not steve job' apple and it's never going to be the company that we thought it was and if you want to look as it as a value investment you can still have it

but you're not going to get that growth. >> it's not steve jobs' apple anymore. >> what does microsoft get by buying nokia services, devices? >> they get a chance to show that they can integrate software and hardware together and chase after apple. everyone is doing it now. google had to buy motorola and microsoft is buying nokia and they're saying let's go after the apple model. they also get a money losing hand set division. here's the thing, pcs peaked in september of 2011. they've been declining ever since. this is a move that microsoft had to do to stay competitive and now developers will know that nokia is around for good and build for the windows platform. plus it's ten percent of their total cash. >> does this make you more bullish microsoft? that's the bottom line here. >> it will in two years.

>> two years? that's a lifetime. >> it's tough, right. the deal is not going to close until 2014. so maybe the next fiscal year. but you have a tough 12 months ahead for microsoft with the reorganization pc shipments decline and the ceo question. >> with all of that happening at microsoft, do you see any chance for a new era where they split up some of their divisions? >> no. it's obviously what people have wanted. once that reorganization goes through, it's going to be so much harder to split the company up. >> i'm curious, you just talked about the pc area declining. is there a chance that microsoft has bought into the phone area at the peak here? we know by the end of this year -- >> some would argue it's on the decline. you see peak margins and phones. >> only in developed countries. this is an important part. if you are an ios user you're

locked in for the most part. if you are android you love android. if you want to get windows phone users you got to get feature phone users and rotate them. nokia is selling 50 million feature phones every quarter. 42 percent of users on windows phones are coming from feature phones. that's their play. >> great to see you as losses. i want to point out the headline at the bottom of your screen. glen view raising its stake from 9 3.8 percent to 9.1 percent. its hands are tied. >> true. we don't know that they're not happy with the course that they're following. it's probably purchased somewhat on the sale from ackman selling

his stake. >> coming up next blackberry rallying on the news of microsoft and nokia could make it the next takeover. we've got a street fight coming up next. plus, september historically the worst month of the year for gold. could worries out of syria keep the bullion bounce in play. a top wall street watcher gives us her take next.

[ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪

it starts with little things. tiny changes in the brain. little things anyone can do. it steals your memories. your independence. ensures support a breakthrough. and sooner than you'd like. sooner than you'd think. you die from alzheimer's disease. we cure alzheimer's disease. every little click, call or donation adds up to something big.

>> deals between microsoft and nokia and vodafone and verizon narrowing the playing field. can blackberry still be a player in the wars or is there a takeover target on their back.

time for a street fight. grasso kick it off. >> what i think is important is even the bulls have this case wrong. it's not about hardware but enterprise software. it's about services secured data networks. that's the way you have to look at blackberry. when you do their rivals become clients. this deal will get done. they've said it before but the company has $2.8 billion in cash. in some way, shape or form the deal will get done. i don't know how but it's not going to be done with a $10 price attached to it. it's going to be done with either a $12 or $15 target. one thing, nokia, if you look at the action today, you're responsible short -- i qualify that a responsible short, you need to trim that short. or take it off completely. >> karen? >> there is a lot of reasons i think you can't be bullish on this. for one it's been for sale

forever. two, you have major customers who are afraid to reup. morgan stanley case in point. then you've got major employees, key employees leaving and you've got revenues down a ton. even in a year where they launch a product that was supposed to be the be all end all you have revenues falling off the cliff. then i throw out nokia as a cautionary tale look at the five-year chart, yes, today it did get a bump but if you waited all that time for that bump it's pretty measly. >> guy, mkm had a cogent as you like to say today essentially saying that it cements the fact that blackberry is in the has been bin. >> karen makes a point that it's

been for sale forever. i'm probably the wrong person to ask because i have been dead wrong. i do love steve. he looks stunning tonight. my vote goes to finerman. this stock should have been up more than one percent given the nokia news. >> risk reward nokia up 35 percent. >> up 35 from down 90. >> we're talking about from now, not talking about it from -- >> buzzer. >> tell us what you thought won our street fight. tweet us @cnbc "fast money" hashtag bull or bear. mike khouw, what did you see? >> we saw bullish through the end of the week activity buyers of the weekly ten and a half calls. those are cheap, cost about 17 cents. these people are probably looking for a technical bounce. more of the longer dated activity is generally bearish

because better than 60 percent of their revenue currently comes from their mobile device sales, $6.5 billion bucks or so. that's the part that's basically dead in the water. it's hard to figure out what this company is going to be worth if they don't have that. >> stocks generating the most talk on twitter. verizon with one of the biggest transactions in corporate history, vodafone. >> much better for voed ta phone than than verizon. i think people are upset with verizon. if there is a way to play it you would much rather be in vodafone than verizon. >> beaten down teen retailer arrow postal garnering business today. >> this comes on the heels of ash kromby and fitch.

teen retail isn't what it's cracked up to be. $10 you had a major double bottom in the stock that worked for a long time doesn't work now. i think the shorts are going to continue to lean into this thing. it feels like it wants to trade down from here. >> last up herbal life private equity investor taking a five percent stake in this one, karen? >> i wouldn't be on the short side of this because you have a number of very high profile investors taking stakes here. i would be afraid to be short for technical reasons as well if all of these investors put their stock in a cash account, meaning it cannot be lent you cannot borrow it to short, that could create a squeeze. it's to dangerous to be here on the short side. if you don't like it don't play. >> why one hedge funder is attempting her gold short and should you follow suit. plus, the biggest movers and shakers in today's session. back in two. [ indistinct shouting ] ♪ ♪ [ indistinct

shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ ♪ all on thinkorswim from td ameritrade. ♪ ♪

>> welcome back to "fast money." we're live at the nasdaq market site in new york city's times

square. august marking the biggest monthly gain for gold but september is the worst month. will worries about syria keep the rally on a role. let's ask kathleen kelly. great to see you. >> thanks for having me. >> you were short gold at one time. you covered your short but you're looking to short again. why now? >> in general the beginning of this year we had a massive etf holdings of 84 million which has been brought down as people have gotten out of their etf as they've seen the macro landscape change. they're doing better. yields are back up. gold is outperforming crude on this rally. the physical demand for gold has started to wane again. you've seen indian demand down u.s. coin demand down. it's not a physical story.

it's a speculative edge. >> is there a catalyst that you are looking for in order to put the short back on? >> i think etf outflows are going to begin again and that's going to be one of the things that's going to pressure gold. >> how about hedging from the miners? we saw it probably now three, four years ago, if that came out that miners are starting to think about hedging once again, is that a catalyst for you to get short? >> that's one of the things. right now we're looking at the south african strikes that started today in gold. that's giving support as well. there are a few one offs that are keeping the price elevated i think but certainly hedging would be negative. >> you're looking to short gold. i noticed some of the industrials metals you were looking to short as well. does that mean you're long bonds, u.s. treasuries? >> no. i think there are two things happening in the commodities

space. the yield backup is generally looked at as favorable because growth is usually picking up again but that's usually a growingal growth. the u.s. is doing well but i think we're going to see a leg lower. i don't think we're going to see improvement into the second half. industrial metals are going to be playing off of more of a demand story than the backup in yields which would imply growth. >> what would cause that other leg down in europe? i've actually sort of become more optimistic that it's turning there? >> you're starting to see it already, some of the french numbers that are coming out have been weak italian retail sales. the july numbers don't look great. we haven't seen any improvement in employment or improvement in -- i can't remember what's. >> department of education. >> lending, too.

>> certainly the credit transmission mechanism is still broken, but things that you would think would start to show industrial production has remained weak. auto sales has been really not -- a small improvement but not much at all. i think what we saw was just a seasonal bounce coming into july and now we're going to see weakness back again in europe. >> in terms of industrial commodities which is your favorite at this point? >> i think topper has the most bearish story right now. part of that is was of supply. people keep expecting us to have the supply hiccups but production is picked up. >> is copper the metal itself? >> we didn't do equities but copper is definitely far off from its far value, from its average price of production. probably the furthest off of most commodities. in addition you've seen chinese mine supply pick up dramatically

and demand is not good in china. >> in taper doesn't start in september, how does that affect any of the premise that you stated specifically gold? >> i think short term you continue higher. i think this 1425 1450 level is fairly key. short term you would see gold go higher but i think people are going to realize that the taper is coming this year and rates are eventually going to begin a process of going higher as the economy starts to grow. >> kathleen, quickly you have a big event on october 3. >> high water women is doing their impact investing symposium. go to www.high water women org. >> time for pops and drops, the big movers of the day. deckers outdoor up two percent. >> deckers, i street fought it. i lost but i bought it around 53. it closed at 60 today. 60 has been major resistance in

the name. once it takes out 60 the door is open to 75. wait for a couple of closes above 60. did i cover enough there? >> i'm still a winner i'm still a winner! >> pop for cbs up five percent. >> time warner got fixed ahead of the nfl season. this stock has been moving much too fast in too short a period for me. it shouldn't be at the levels it is now. i think it pulls back down. >> drop for realology. >> people are afraid that the home recovery is over. i don't think it is. i like it. >> drop for coca-cola. >> you might say it fizzled today. it was cut by clsa this morning down about 1 percent. 3780 still is a key level in this. i would stay away until the stock resolved what its going to

do. at that point there might be more weakness. >> pop for humana mike khouw. >> at 94 and a half or thereabout it's trading less than 11 times that number. that said the historical valuation on the stock has typically been low because eps for next year is expected to be lower. >> drop for hot tub. dr. doom has been forced to remove his jacuzzi from his penthouse apartment. apparently he found himself in hot water because he never had proper approval for the tub to be rumored to be able to hold up to ten -- ten women presumably. our thoughts are with rubini tonight. >> you don't have to answer this. you can if you want have you ever been to one of his famous pars partyies

parties? >> no. >> have you been to more than one of his parties? >> good point. none no parties for me. still ahead from auto sales to samsung mobile unpacked event, a look at some of the top stories sure to rule tomorrow's trade. back in two. before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust.

thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below...

to the finest comforts above. we're not simply saluting history... we're making it.

>> welcome back. in case you missed some of today's top moments on cnbc moments here's a rapid fire recap in tonight's executive edge. >> our acquisition of nokia will actually create interesting opportunities for other windows device makers not just on the phone side but particularly on the tablet and pc side. >> we will have strong finance opposition, improved earnings on the assets which will remain with nokia and we will have three businesses continuing each leader in their respective area. >> the hope is that the economy is strong enough for them to exit for good reasons. the concern -- and we had that -- is that the economy is healing but it's not at avelocity so they'll be exiting because they're worried about

collateral damage. >> where can you buy a business that has 100 million loyal customers, no integration risk and has a great field in front of it to grow the business even further? we feel very good about where we've landed and it's going to create shareholder value. >> this is not iraq and this is not afghanistan. this is a limited proportional step that will send a clear message not only to the assad regime but also to other countries that may be interested in testing some of these international norms, that there are consequences. >> i'm going to support the president's call for action. i believe my colleagues should support this call for action. we have enemies around the world that need to understand that we're not going to tolerate this type of behavior. >> obviously syria dominating a lot of today's talk in the markets. steve? >> i think if the read through with syria is maybe both sides

get along with the vote on syria and maybe it makes the debt ceiling dialogue a little bit better, so maybe they have a little bit of a preview. maybe i'm overly positive but the preview can be you get all these guys in a room discussing two things syria is a little about bit of a warmup for them. >> you could go the other way and say if they all got along on this, then they're going to fight over the next thing. maybe that makes the debt ceiling a lot worse. i think that's something that's further on as investors, we said at the beginning, we've seen this before. we're expecting this to be a mess but get through it at the end. >> i'm wondering about ballmer, how he feels about the destruction of value except when he says i'm resigning. every acquisition seems to be -- >> ballmer says this is going to be fantastic, oh, see you later, i'm retiring good luck with the acquisition. >> we said if this was your

catalyst get out and that proved to be -- what's the p word? verizon is the one that i come back to. this stock has gotten blasted since may. on a huge volume day today, at like a 45 level get long. >> let's look ahead to talk. august auto sales are expected to show an 11 to 12 percent increase compared to the same month a year ago. karen? >> i am long gm. part of the weakness in retail is the belief that people are spending money on durable goods like this. i'm optimistic. long. >> samsung gearing up to host its annual mobile unpacked event with new product launches expected. last week a senior executive confirmed the company will unveil the smart watch. >> i barely wear a watch now. i'm not going to wear a computer on my wrist. i wouldn't be surprised if anybody else does. get it over with and planned the

chip in your head and go from there. >> wear an air freshener around your ek inneck. i'm just saying. >> coming up next our viewers have tweets on everything. we're trading your tweets next. ♪ ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ ♪ [ agent smith

] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ]

>> not so fast karen finerman. earlier this month karen made a bullish call on weight watchers. take a listen. >> starting to get that much below 40 if it comes another buck or two it's worth a shot. it's a very, very powerful franchise. >> since that call the stock is down 9 percent. karen, what are you doing with this trade? i've made way worse calls than that. the franchise is still really powerful. i don't know, 30 -- i don't know what to do here. i'm not long. i'm not short. i wouldn't be short it but you're going to have to wait a long time for a turn around here. >> you tweet it we trade it. let's get to your tweets to our crew. guy, what's your take on zillow? >> it's been a monster.

up another two and a half percent today. the valuation is ridiculously high. the short interest is actually higher. it means to me it probably continues to move higher. you're ahead of the tips of your skis right here at 99 bucks but the next catalyst comes at a conference september 10. probably stay long the stock that. >> this is for karen. scaredy cat flirting with 52 week lows, gets there and you buy it? >> i wouldn't buy it. we are short it which we talked about a couple of times. i think they keep missing their earnings. something is not quite right. they did a bond offering. i don't think that's why it was down. i don't know why it was down. >> when would you be inclined to cover the short? >> probably below 80. >> b.k. do you like pfe? >> if you are going to buy it i think you're buying it more for

if you think yields are going lower and you're going to get a good dividend here. the good thing about the pharmacy space is demographics are helpful in this thing. >> let's be clear here. farmer space as opposed to pharmacy space -- >> that's not what i was talking about, not cvs. pharma. >> point being, regardless of -- ir regardless -- i think you're better off in biotech. >> grasso stx sinks to the seas below or rises on the gates above? >> i don't like the chart here but if you are going to play it long use a long term fib trace of 3720 as your out. >> last one for mike khouw, in the khouw's nest should investors follow icahn into nuance communications? >> generally speaking following one person into a stock isn't the best way to run. in the case of carl icahn i

might be for it. this stock has been beaten up significantly. it's probably trading a little over 14 times full year eps. i don't think there is too much risk to the downside if you start to dip your toe into the water to figure out what he's all about. he's probably the best contrarian investor in the world. if you are going to take your cues from anybody he's not a bad one to pick. >> coming up next your first move tomorrow. [ female announcer ] it's time for the annual shareholders meeting. ♪ ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ ♪

♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical

conditions and medications and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision or if you have any allergic reactions such as rash, hives, swelling of the lips tongue or throat or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial.

wg >> who won the street fight on blackberry? the bear won, karen finerman takes home the trophy tonight. gold metal for karen. nothing for grasso. >> shocking. >> let's go around the horn. mike khouw? >> one of the things that the event upcoming in apple for investors is the opportunity to buy calendar spreads. >> grasso? >> deckers, did i mention earlier that i bought it? >> and that you won in the marketplace even though you lost in the street fight. >> wait until it closes above 60 for con firation. >> brian kelly? >> buy tlt. >> karen? >> it was a drop from today,

realology but i want to add that blackberry wouldn't be short. >> guy? >> eastman chemical rallied which is encouraging. i think oil see you back here tomorrow at 5:00 for more "fast money." meanwhile, don't go anywhere "mad money" starts 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. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain but to educate you, call me at 1-800-743-cnbc. this market's gotten hard to satisfy, you know. it's become a battleground a terrible battleground but it should be at peace.