way down from what blackberry, today we did have selling underway. the new worry of course has to do with earnings given the fact that we know the economy is not strong enough to begin that taper. thank you so mush for joining me. i will see you back here tomorrow with an exclusive on larry. have a good night. >> live from the nasdaq market site in new york's times square. here is tonight's line up. tale of two tech stocks. apple surprises the nay sayers with record iphone sales. and hedge funds go mad men. check your local listings for ackman and more. hedge funds will be able to

advertise starting this week in your local newspaper, internet or cable tv. >> founder of eagle. high flying momentum names hitting new highs after new highs and maybe about to break their up trend so which names should you bail out on? let's pick it off with you. >> linked in has looked great obviously for a while now. but with that headline this morning about hacking e-mails? definitely a negative. >> what do you see in the trench from linked in? >> one of the momentum stocks.

that sector has actually doubled in price. >> there is nothing wrong with a company that has an earnings story like this. i would rather be ahead of it this time. good chance you might get it. nothing wrong with the company. >> and you're also going with him in terms of linked in? linked in is the closest to infinity but i would never play in the space. >> guy, you have been a bull on linked in. do you see something that makes you more concerned versus other charts? >> technically, no. i think linked in is fine still.

obviously facebook has had a tremendous run but linked in as performed more. >> they're going to need the market to roll over. if the market continues to climb higher. >> could be enough to chip away at the high fliers. >> you think this is the sector that will roll over even more? >> so me it's just clean. all of these internet names, these are the strongest names out there. if you're going to fade the

market, i think you are better off doing it as a whole. you're cautious. >> we talk about how the market can do crazy things. we said a week, week and a half ago, i think it topped out at 1729. so we will see if and when that happens. that, to me is if you're going to push these last couple of months going into the end of the year, you better be leaning on your shorts right now. >> you're east chasing or calling it a year. >> exactly.

>> i think if the long short hedge funds get a little bit of a taste, they will lean the heck out of the market. >> what makes you think they will lean to the short side? >> going to the close of the year and they start to get a pull back in the market with the liquid markets they will press their shorts. let's bring in herb greenburg with more. he has more on whether this deal will actually actually go through. >> we want to know why he did this when he did this.

is he trying to flush out a bigger deal? if you try to flush somebody out by saying we have a real bid here, who knows. other than that, how do you do this under the wire? he does it under the radar. maybe he can do some piecemeal deals and it won't have all the fus and nois. >> no buyer wants to step forward. you know what the public reaction is. >> news on chrysler here. as expected, chrysler has filed for an ipo.

we do know that it is 16.6% of the outstanding shares of the company. that is the trust that is owned by the uaw, supplying or will be funding health care benefits in the future for uaw employees and retirees. we are still waiting to find out the specifics on this. chrysler has filed for an ipo. most we are estimating will be about a billion dollars but we will get those details momentarily and we will let you know. >> we will look forward to the details. demand for automaker shares are high. will it pull away money away from the general motors? >> that was my first thought when i heard this. >> i would say a billion dollars

is nokt, actually. i would think that is a min mouse amount. >> the trend all along has been downstream. delphi automotive, look at what that stock has done. those are the places you want to be. >> i actually agree with your first premise. people get excited about ipos especially now with auto sales being what they were. they are willing to take a risk on something else. >> they might have one leg higher. to me, that's not enough. >> collectively they have $118 billion of market cap. that is really working on the

margins. >> i think it's about perception. if people see that they have made enough money in ford and gm they are able to roll out those positions. >> so we will turn to phil once we get more details but again chrysler filing for an ipo. more details as we get them. steve has been long on the name of blackberry. >> the company has $2.8 billion in cash. in some way shape or form the deal will get done. it's not going to get done on a $10 price target. >> you held it into the hull. >> no one ever expects blackberry to trade up on earnings. we expect it to trade off on the

event. hopefully the hardware business and competitors actually become clients. >> i mean, i'm not married to this forever. i was unhappy with the response. >> i'm still holding on to it. >> today's lows are my technical signal to jump out. once again, never bought this on fundamentals. i got the headline. didn't get the bang for the buck. >> we know it's not going to be a chinese buyer. so who is going to come in?

we have been hashing this over for months no one seems to be there. the biggest investor coming in and basically saying save my position. >> i love blackberry and i hope they survive but this is c quality type of deal. they haven't done due diligence yet and the company seems to be falling apart. to me they signed up this deal to try to stiblize the company to show that maybe they can save it. >> i have a piece that says the thing is in hospice. >> as soon as it resumed trading, it had an 11% pop. i was hoping it would be above $9.20. >> so you're done with this

trade? >> if it breaks today's low, i will be done. >> is he making a smart mauve? >> you could wake up any morning and it is cut in half or a lot higher. i think he is using the disciplined way to do it, which is important. that doesn't make any sense to me. never average down. don't put good money after bad and that is exactly what we're doing. >> always great to see you. >> great to be in the studio. >> coming up next, we have given you the play book for stocks losing their momentum but how about how to play one sector that is soaring high. plus apple has been on a tough train. find out if karen has changed

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>> welcome back to fast money. check out what's happening with shares of enterprise software

maker because they are done. future indicators of revenues are where the problems are at. watch those shares. melissa, back over to you. >> guy, what's the trade? you will see in this name a series of lower highs and we just got another one. there is is a stock that can trade down to the low to mid 40s. so the quarter was fine. i would not be buying red hat tomorrow on this dip. >> from red happen to apple. making it the most successful launch ever. should you be napping up shares of apple on this pop?

>> it's hard for me to be in the bull seat now. it should have broken down. it didn't do it. i am very surprised that it has not gotten over to this point. what is the catalyst going forward? they got through the fact that they have no china mobile deal. you could potentially get that in the near future. maybe they will come back with a bigger phone at some point. and margins seemed to have somewhat stabilized. maybe this stock can trade back up.

>> i didn't give you that. >> karen? >> obviously it's painful for me to have sold it last week and come in here and see this but the reasons that i sold it still resonate with me. i'm concerned about the smart phone business and pressures and the lack of innovation. i don't know that there is a lotd additional. so it's a a pretty simple story why i'm not back in it. i'm not really to look at this. >> i don't -- i think it is a discount valuation. >> i'm surprised that it did bounce after that conversation that we had last week.

with that said it should not get up to that 5.25 level. we will see. >> let's get the verdict from j.c. >> i think karen is going -- i think they both made good arguments but i think karen is going to be right. i think at best it's probably dead money. not only was it not bullish but the stock sold off from there. it needs more time at this point. if you have to be in it for whatever reasons i think you're probably better off shorting spies against it. >> it is amazing how the sentiment on wall street has turned. it wasn't too long ago. if you said anything negative about apple whatsoever, the tweets would come in. but it seems like the street has come around to this idea that

perhaps it is not the best story around. >> because tesla replaced it. they were willing to give the stock a chance once he passed awau but they are done with it. >> let's move on. who did you think won the street fight? got the results at the end of the show. let's get back to our theme of the day. airlines have been flying high this year. one top stock picker thinks they have got more room to run. so you still like airlines? >> i don't know. i think airline managements have

finally figure t out what they have to do so to survive. i think all of them have. the industry will become a heldier industry. they have learned how to price. they are charging for auxiliary things. i think it's a new ball game and i think two years from now they will be a lot higher than they are today. >> i'm sure the fact that you believed the entire industry. every time he comes on it seems like the stock is stuck between six and a half bucks and $7.25. >> i have not paid that much attention. >> nobody has apparently. >> in terms of delta -- >> i like delta. i like you nighted. >> what do you see that they have that others in the industry don't? >> well, i think delta and united are the two best. they are the largest. and i just think they have got a

lot of advantages on their route system. i think they have been very adept at knowing when to raise prices and how to price. and they just to me they are well managed and good airlines. >> of late, shippers have been hot. there seems to be a shortage for very large shares. how far along are we for this cycle? >> i think we're -- i think we're in the initial stages of a turn around. having said that i do view them as pecklative and ris di i can. we bought some of the shippers lately. so far they are doing well. >> which particular nearby are you in? >> we have speculated on dry

ships. and that appears to be turning around. >> can i extend your like for a lot of these names? in a name like that, can i extend that to steel or coal? are you looking global demand getting better now or is this just a second? >> i'm concentrating more on what the stocks have done. they had extreme highs. they quit going down. they bottomed out. and at times that china appears to be ordering commodities again. so i think over the next year and a half, two years we might see them 40 or 50% higher. >> john, thanks for coming by. >> still ahead, the financials lagging the market year to date and clocking as the worst performing sector year to date.

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welcome back to "fast money." we have breaking news. chrysler filing for an ipo. the s 1 has been filed within the last half hour. this is one of the more unusual s1s that you will ever read. there is no price nor is there a number in terms of the number of shares that the company plans to sell. it's very clear that chrysler, this is not your usual ipo. this is a case where they're going to put this ipo out there. they will see what kind of reception it gets in the market. remember, this is about fiat and how much they want to pay the trust for its 41% stake in the company. that might trigger them to say we're going to go with a flad

offering. there is a company that is highly leveraged to north america. they have very little presence outside of the u.s. when you look at total sales, look at that. just 300,000 out of basically 2.2 million in sales came outside of the u.s. and canada. >> all right. thank you very much. are we at a point where we want to be more exposed in the auto story to the u.s. versus other parts of the world? >> the u.s. is good. we saw 16 million. that was a fantastic number. i actually think a little exposure to europe isn't terrible here. >> it will be interesting if we come back and say that the chrysler ipo is a top ten. it could happen. >> you think about it, it's been a long anticipated ipo here. and they picked a time in the market.

if you're long, take your profits. >> let's talk financials taking a hit. one options trader sees more pain ahead for mor dan stanley in particular. >> we definitely saw some bearish activity and the theme is anything that has done real well over this year is sell and ask questions later. they bought the weekly puts right off the get go on today's open. that stock was trading about 27.70. i would probably be taking bets here. a lot of berish activity.

guys are just saying i got to take some profit. they took advantage of that. they got the sell off. >> all right. thanks for that. somehow should you be trading it? dennis, great to see you. you don't like the yen? >> i hate the yen and have not liked it for a long period of time. i think i will continue to dislike it against almost anything. i will sell yen against crude oil and corn. i started trading foreign exchange in the 1970s. for me to see yen go to 125 seems like a mere blip on the screen.

japan needs that. i think it can get there relatively quickly. >> we have been here for a long time. with every reason for it to go to 125 has seemingly passed and we're still not there. >> it seems like it weighs very heavily. here we are only 125 pips under par and it feels like it's trading 85, not 98. can i will wrong? of course i can. i oam a little disconcerted and sizzled on the upside. japan makes italy look like switzerland. we're less than 100. when you have a country like that that has no choice but to continue to expand and the buyers are a declining population, they have a problem.

>> you still think there is juice in that? >> i think so. copper and steel shippers in railroads. you sound like you are bullish the macro economy. >> if you make me buy something, i'm going to buy the things that if i drop them on my foot will hurt. i actually think that the economy of the world is going to be better a year or two from now. who benefits from that? shippers. who benefits? steel. let me buy steel down 90%, down 80% from two years ago. it's not making new lows. it's starting to turn higher. they pay me a dividend. >> how do i look at coal? everyone says it's a debt sector. regardless of whether we see

pops in the chart, people say it's politically a dead sector. what's your feel on that? >> the world hates coal. nobody wants to like coal. the greens want to put down coal any time they can. but yet the coal stocks don't make new lows. that's -- it's a call for back of a better term. is goal going to be a wonderful industry? of course not. >> coming up next, it's a stocks gone wild edition of our trade of the day and this time someone is going short one high flying game. got the big unveil next. and keeping with the momentum theme. the ceo takes us behind the

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welcome back to fast money. we are live in times square. time to reveal our big trade of the day. what is in that safe? what were you doing today? >> i saw net flix gap at the open. what i saw is the 2011 highs are just above $3. from false moves come fast moves in the opposite direction. we actually covered all the puts

at the end of the day. i think you could use today's highs as your stock. >> 3d systems, the maker of multidimensional systems. you are good enough to pring us some samples of what you can make this is one of your newest models. >> this goes for $1300. we predict it will be sub $1,000. it's all about access to this technology in a way that is meaningful to consumers at home. >> it's always going to come down in price and how does that impact your margins?

>> we have done it while extending gross profit margins. it's all about value and disruption. margins will extend. consumers will benefit from doubling exponents and more. >> let me ask you, the business model for this? is it a razor blade? >> yes. >> what do you sell? plastic and resin? >> we sell more than 100 materials including printers, ceramic that we have here, nylons and plastics. and the margins of the materials are in the low to mid 70s. printers are in the low to mid 40s. and we also have cloud printing. >> so the lowest margin product

that you sell is in the low 40s? and that would be the printer? >> yes. what are the barriers of entry for companies to get into this market? >> today it is uploading design. technology is not available to everybody. and our sense is that this is only the beginning of a real movement to relocalize manufacturing in a way that is disruption to supply chain and mass customization. when you have other companies like ge and nike applying billions of dollars in it, it is bound to grow. >> there are always people out there that are aiming for you. the analysts who want to make their name by pointing out the

fallacies in your financial story. he says your eps guidance is mathematically impossible to achieve no matter what sort of operating margins you factor in. >> he certainly said that and we standby our guidance. it becomes a circular discussion. our sense is that there is upside in our model. if we can't we will revise it. >> we want to play, we have a fund manager who joined us last week who initiated a short and here is what he had to say about your company. >> very successful short selling has occurred. this is trading at ten times sales. they are allowing a more liberal financing arrangement so that they are pulling forward revenue

that they may not have necessarily gotten. >> are you pulling forward revenues that you may not have gotten? >> if you look at our sequential backlog, it was higher than our growth rate. sequential backlog was 60% higher. how could we be pulling revenue if we can't deliver? it defies logic. >> when you look at the industry overall, part of this is a leap of faith that the printing industry will have this tremendous application and people will actually use it. there is one report out there which projects that that market will be $3 billion. what kind of model do you use and what is your share? >> we don't talk much about market share because we don't

think it's relevant because it's an open space. we're looking at real businesses with growth races between 20 and 40% for the foreseeable future. so, melissa, 6 billion, 8 billion or 15 billion in the next five to ten years it's irrelevant. it's real. it's hear. real corporations are applying billions of dollars into making it part of their manufacturing strategy. and i think the train left the strags. i really do. >> was it trying to print something? >> can itd make a 3d printer? >> it can make parts of it. >> you buy one and then you make dozens and then the game is

over. thank you. garn, we had intel's futurist on with us last week. we had a robot that was printed on a 3d printer. >> and a half my son wanted me to take him to the maker fair. it was all about 3d printing. the things that people were making were just extraordinary. low cost housing. it wases a stounding. >> i always wonder the stand alone entity. i don't know if they are doing their own or if one of the companies will be working on it. >> what do you see here? >> it's a beautiful trend. you can stay in it. below that i would stay away. >> let's get back to a quick market flash. >> shares continue to drift

lower down about 8%. the reason why is because forecasts are coming out for both their current quarter and full year. the profit forecast for current quarter and actual year coming in in line or better than expectations but it's the revenue guidance coming in light. so red hat hitting near session lows on that weaker revenue guidance. back over to you. >> thank you very much. this is your new 3d printed purse. >> i don't want to take credit. it's a gift to you. >> i thought it was for you. >> that's a nice -- it goes great with your dress. >> it's very stylish. amazing. coming up next, could marketing really be the hedge fund world's saving grace? but is it a good call? the details on that story next. ♪

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>> welcome back. in case you missed some of today's top moments, here is a rapid fire recap of tonight's executive edge. >> the mess in washington which

will certainly get resolved at some point will create a pretty bumpy road. there is no question about that. >> is there a shut down? >> more likely than not. >> it is affecting the job market picture. whether it's in the numbers or not it is affecting small or medium sized businesses. >> you won't see the electric market take off and become the majority certainly in the near future. electric vehicles will be part of the landscape but certainly not the only part. >> really it's about automation. same thing happened in wall street. >> domonic, who knows more about why blackberry was halted. >> we know now because there was a letter of intent with fairfax, a company that already owns

about 10%. so a possible deal. a huge shareholder in back berry. >> the it market is good. we have not seen great growth broadly but within the context of that we gained share. we can't change the macro that we're handed but within it, we can gain shares and that's what we do. >> can we trade oracle? maria had a fantastic interview where she really challenged him. you're saying it's a no touch at this point? >> yes. and i'm still sort of in that camp. if you want to be aggressive with this, i think you might be able to play it from the short side. we're right up against a trend line from march and there is the chart right now. i would rather try to play from

the short side. >> hedge funds getting a green light to start advertising. will this be the boost they need? we have got the details. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade.

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>> hedge funds getting the green light to start advertising. julia? >> melissa, the jobs act looks to make it easier for small businesses to raise capital and access capital. today they're opening the flood gates by letting companies and funds that couldn't previously advertise and now advertise drktly to potential investors. today's new rules allow anybody to promote that they are raising money. tweets, facebook posts, tv commercials, direct mail or e-mail. marketing. now only accredited investors are funded and they will have to show proof that they have at least $200,000 in income.

former nasdaq vice chair who advocated for the restrictions predicts they will ultimately spend billions on ads. predicted that larger more established hedge funds will probably ignore the advertising option at first. like weather companyies. >> something that you see as positive for you business/industry. >> i think so, but i'm not going to jump out there and do it. >> see what happens. >> i'm karen finerman. tv's chair woman.

>> i'll take a fee. whatever. >> this is obviously a source for more advertising dollars and being a free markets guy, why shouldn't they be advertising? i think it's a win win. >> would you do that? >> super bowl advertisements, baseball, football, i think it's great. [ 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. ♪

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what's in your wallet? [ crows ] now where's the snooze button? >> who won the street fight? guy did. >> i blamed it on apple. >> time for the final trade. >> i mentioned it last week. las vegas. a lot of casino names seem to have broken out of the charts. japan is thinking about legalizing casinos. i think you get a run up on that news alone. >> i think treasury bonds look fantastic. you can get really aggressive on the long side. >> karen? >> i wouldn't hang on to blackberry here for a trade or higher bid, i would be out.

>> walmart had a really interesting day. i think wmt is set up to move higher. >> see you back here tomorrow at 5:00 for more fast. "mad money" with jim cramer 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. people want to make friends. i'm trying to make money. my job not just to entertain but to educate you. analysts don't know how to factor in something that's not in the cold numbers. they build their models based on previous data