the s&p 500 finished down at 1747. twitter's ipo going on without a hitch. social messaging giant surged better than 70% from the $26 a share pricing of the ipo last night, up to $44.90 at the end of the day. thanks so much for being with us. thanks for watching. i hope you will follow me on twitter. stay with cnbc. fast money begins right now. >> this is fast money, america's post market show. here is tonight's line-up. momentum gets whacked. the high fliers took a beating. we will tell you if you will be buying a dip or getting out while you still can. down in flames. another fire for tesla sends the stock down 8%.

>> posted its so are the momentum names broken at this point? should we be concerned about what this means for the overall markets which also slid today? >> i think you most definitely should. these guys have been topping out. a lot of the names for weeks. they made their highs and now they have been making lower high s rsh you're going to need to do

a flush out. if you don't get that tomorrow it could turn into a blood bath. >> welcome, gordon. i don't know if it's over the momentum names. what you have to do, like linked in for example, we said that 220 was a line in the sand. that's where it needed to hold. that's base cl where it closed today and you saw what happened. the way i would trade this is you know what? maybe linked in goes higher from here but it's through my support level. that trade is over for now. can it go higher from here? especially with momentum names.

you have to have a level that it needs to hold. if it doesn't, you have to say you know what? that's it. i'm out. >> we're not talking about just today. we're talking about since october 22, which is approximately the highs in a lot of the names. linked in down 14%. this has been going on for some time. are you concerned about the momentum names? >> i'm extremely concerned. i think the reaction to the move today was correct and i think there is a little frothy here. i think that people have gotten a bit aggressive and optimistic on the up side. i think the market is due for a correction. >> are people positioned to get back into some of these things? >> people have been buying puts. mike koch has been talking about it, dan has talked about it.

they were buying a lot of puts quite frankly over the eem over the past few days. i would say somewhere over the neighborhood of six times normal volume so they are positioning to protect themselves. that's a good sign. that would play into what dan's talking about as far as you could if you do get a wash out, i don't think the momentum names are done as in done forever. i think the move may or may not be done for the year but i think many of these stocks will go back to work and it's just a question of, you know, do you flush people out? the sooner you flush them out the more likely we are to see a v-shaped bounce. if you don't, you will have the slow drift and bleed. >> i would make the argument that it thaz it has the potenti snowball.

>> i put it out on twitter that twitter was a supply and demand story. if you want to get into greater fool theory, that's it in a nutshell today in terms of what's going on with twitter. we talked about art last week. that's text book grade. but twitter today is you're just hoping you buy it and you are higher in a couple days from

now. >> i want to bring in mike. we closed at the lows of the session. and we did have problems in the momentum name names. do you think the problems are signalling something bigger going on in the market in terms of investors taking profits at this time in the year? >> i do absolutely. the growth stocks basically are the most optimistic investors there are out there. as you started to see the market brett declining which we have talked about many times, basically what i think this is telling you is that even the last and biggest and arguably foolish optimists in the markets are starting to lose a little bit of hope. at the very least, fully valued. the vix was exceptionally low. just over 12. when these things roll over as dan was pointing to, this is the kind of situation that can snowball so absolutely.

i would think you can expand on this concept. >> in the month of october, the highest level, obviously that's a contraryian indicator. >> we talked about new york stock exchange. debt margin which is an all time high. a lot of things out there lead you to believe that maybe the turn away is congresswomaning. maybe they are leading us on the way down. right after their earnings release. had a huge reversal in the downside. >> if you look at the pmis out there that have come out, 90% are above 50. meaning those economies are

growing. if you look at the u.s., all the indicators are high. things have reached a level where is it going to keep going? i think people are looking at this market and saying a lot of it is priced in. pmis are high. maybe things are due to take a turn down. >> we sound a little dire here. >> all of you do. >> what happened to season alty? >> i'm going to see that i think you have 1700 on the downside. i think a lot of people would be okay. the s&p 500 just a week ago just settling in and finding a level of support. >> let's check for a market flash on a big momentum mover. >> groupon is down in the afterhours. earnings were a beat.

sales missed expectations. it announced the purchase of a ecommerce company for 260 million in cash and stock. i spoke with eric and he said that the number of mobile users that they have has surpassed 50%. that's a big mobile story. the number of app downloads. shares were down big. they have clogged most of those losses back. >> dan and i have debated this one. i think that is going be the savior of the company, saver is

a fabulous ap and it's a great model as well. . >> the way some of the names in the space are, so they will basical basically. >> how well does it work for amazon. >> they're not amazon. >> talk about losing momentum. tesla was a major buzz kill after news of another model s fire. show the third reported tesla fire in the past six weeks. that news lowered today. it's now down 21% in two days, losing $4 billion in market cap in that time frame. let's bring in craiger win who has got a buy rating on the stock.

>> the first was a piece of a semi truck that would have done serious damage to any vehicle. the second was two walls and a tree. and the third one sounds like the driver hit a trailer hitch. realistically is that people are burning the tires out too quickly because they are enjoying pressing the pedal. >> isn't there a risk of a sifty investigation? whether or not you believe tesla uniquely has a problem with fires that risk could be an overhang in the stock.

>> they would hit any thing that big would have had a whole lot of damage. pretty hard to argue that that's not going to do a lot of damage out there. i wouldn't be surprised if they co-take a look to check all of the items off of their list to be sure that they are doing things that would preserve safety to the maximum level to the public. >> quick question on tesla. the question i have for you, it tenders on the valuation. the company is trading al 88 times next year's consensus estimates. number one, tesla gets the zero emission credits for which they are getting based on the california regulatory board but the batteries are interchangeable in california. you're talking about $56 million in ebitda, 130 are.

people are valuing the company based on a company for which there is no pro toe type. the question is how do they get there when they can barely sell a car? how do you answer the question even with the fires? >> just to answer your final question directly, valuation is like a typical growth stock. you have got to look at the addressable mark and ask yourself do you believe. the people that believe on tesla, like myself, look after the future and say you know what? this company has a very interesting edge and it has a trajectory that says you know what? if they keep executing the way they have, they could easily be something like bmw. if that's the case, what's the earnings going to look like? maybe 50, 60 bucks a share?

i'm looking at 17 and saying 10 bucks a share. they're still going to be doubling earnings. discount that back. that's a fair way to look at things. you have got a problem with that you should probably highlight that a california air resource board, tesla is just being very smart. actually came in $15 million below my model. so credits are becoming a past story. obviously a very nice controversy. you know, i think -- i think if someone is looking at the growth

this is an interesting opportunity. >> craig, we're going to leave it there. even though the company lost $4 billion for the past month. gordon, where should we value it at right now. >> people are valuing this car based on a gen 3 model for which there is no pro toe type. cars cost 80 to $90,000. they are packaging laptop batteries into the car batteries. those batteries have been scaled up. how are they going to get more cost out of that? i don't know. the correction is not anywhere near done and i'm selling the stock. >> and then it just broke through at the end. >> and days of really big volume there. think i you have 135 is is a

level and 120. if you think sit is a $50 stock then it's the short of the century. $100 million wor of stock in the secondary in may at $93. 93 bucks. >> got to go. >> he's a billnary. >> got to take a break here. twitter. is tomorrow the time to buy? are we on the verge of an ipo bubble? and twitter has been trading for 12 hours and the street is already buzzing about what could be the next big social ipo. we will talk about why he thinks it is the next big thing and we're covering all the aftermours earnings from disney to groupon. straight ahead on fast. jackie: there are plenty of things i prefer to do on my own. but when it comes to investing,

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>> well, i'm sure that lots of traders there care that the next star wars film, star wars episode 7 will hit theaters december 18, 2015. >> he spoke in the last hour that another acquisition that disney has made, marvel, has continued to pay off. already off to a massive start. it announced a deal to create original exclusive content for netflix. >> we thought well, why not join

them rather than just compete with them and use them as a means to sell product that actually was not going to be product that we would put on our own networks. >> value was the call. the last quarter operating was up 35% and pretty much growth across the board. earnings of 77 cents per share beat expectations by a penny while 70% revenue growth. other highlight were the fact that the new infinity game platform drove to the second ever platforms swinging back into the black and the consumer products division from the prior

quarter, media networks operating income would have grown on higher affiliate fees and also higher ad revenue. >> thanks a lot. again, as julia mentioned, the next star wars films, december, it was a terrible day for content stocks across the board. >> obviously, disney is a pretty diversified company. we get it. at the end of the day it's a cable company. that's the number -- the reason why the stock is going down. cable revenues operating income were not great. first time in a while, 67 was resistance a few times. resistance became support in the form of 67 today. if you're in disney, i say you know what? you might want to take a powder for a while. >> should you rush in and buy

twtr? for more on that, the founder and ceo. sam, you're here yesterday and so this thing is wildly over valued in your view. >> i think it was priced very well. everyone got what they wanted. left money on the table for investors. i think twitter will grow into its valuation. and in addition, they have a long shopping list they will acquire their way into that valuation. i don't think you can say it's way over valued. >> i still would wait. if you're filling out your position, maybe you chew on a little this week or neck week but i would still fill out the

position after may 15. before we hit may 14, there is is a chance they could do another offering and let all of those insiders that we're not allowed to sell finally sell and that should happen in april. and i would not want to get out ahead of that big sale. >> do you think that twitter will be the exception in terms of taking a look at the performance of internet ipos? you can look at how they opened over the next six months. most of them trade low er. >> thanks for your time. you tweet it, we trade it. >> why do i have to wait until november 15 to trade twitter

options? i would sell a call right now if i could. >> unfortunately, beneath tneit exchanges nor i can do anything about that. what yould cow do is wait for november 15 and then do your covered right if you want. >> okay. indigo reality says could the stock possibly surpass facebook. their fundamentals don't compare. >> you're going have growth that is going to look like 50, 100% for some time.

and they don't really screw up right out of the gate, this stock should stay big. it should stay 30, $40 for some time. and as you get into the period with the spring with the overhang, that's when you may see the stock come in a little bit. >> all right with the twitter ipo now behind us is pinterest the next big one to hit the street? we will pin it down. >> plus it a's a black out for solar stocks. [ female announcer ] it's time for the annual shareholders meeting.

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>> just about wrapping it up. she joins us now at the very latest. after the headlines hit the tape, third quarter profits pretty strong. revenue beating the street. gross bookings up 37.5%. it was the fourth quarter outlook that was a little bit muted. companies saying it would be between 780 and 8:30 a share. keep in mind this represents bookings growth of between 27

and 37%. so it's almost like the markets seemed to realize what kind of numbers these were representing and we did see the stock start to climb back up, ending up in the green. there was a big change. the company announcing that they will be splitting the role of chairman and ceo. now taking over the ceo role. here is a little bit of a did bit of information for you. >> thanks for that. >> it appears to be cracking. >> it broke under 1,000 but now it turned 50 bucks around from that. it's a nice move. expaid ya was a good tell leading into this one because

they beat and raised. stha stock jumped last week. >> having a huge run in 2013 but seeing a big reversal. solar city down more than 11%. are these names about to take a walk on the dark side so to speak? gordon you're a clean tech analyst. you have been on the soy lar trade for a long time. when they were frothy you highlighted that. where are you on the trade? >> i think that the u.s. names that have reported earnings, there are a lot of risks there. however, i think for the chinese names, the stocks are huge sales. because of the chinese government support, the debt support that these companies are getting when they come out and report earnings, numbers are going to look good. it's hard for me to say this, but we would be buying a stock

ahead of earnings. >> they had that sort of chinese government put. >> the chinese government is effectively providing them with debt which they are using to build projects and sell the panels. and then recognize profits. so evektively they can write how much money they will make over the next couple of quarters. >> so chinese solar you would buy but in terms of the other solar names. like solar city, which was taking to the wood shed. >> solar city's a valuation play. it's interesting how they account for the numbers. effectively. solar city installs a system on the house.

solar system advises a much higher value. they are actually being investigated by the department of justice for thises a peck. we firmly think they have. the valuation is going to come down significantly. you're hoping that the next person is not going to be as smart as you are. >> many of the solar names had nice pops several weeks ago and have subsequently given it up as you detailed at the top of the show. there has been a slide across the industry. of those, i like what gordon is saying here but i would be a buyer for trade on slides. i don't like the solar city because some of the accounting issues he raised. >> there was a wild ride in the market. we will find out how to trade tomorrow's action later on in the show. stay tuned.

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>> welcome back for your live on

the nasdaq market site. let's get a market flash this time on the gap, which is moving in the afterhours session. >> that's right. the gap is trading higher in extended afterhours trading after reporting that same store sales were up 4%. that easily beat the 1% gain that analysts were expecting. you can see an 8% move, melissa, for gap in the upside. >> all right. thank you,dom. comps were ridiculously good. it's in the midst of filling the gab. i don't think it should be down here in the first place. i think despite the fact that's what? up 4%? 5%? you still want to buy the stock. >> as traders finally get the chance to trade, we're looking at what could be the neck big social media offering, pinterest.

joining us now is rick heisman who was the first institutional investor in pinterest. >> what can you tell us? >> no time soon. it's obviously part of the plan. like you saw on facebook and twitter in the medium term you want to get liquidity for your employees and have the currency to do acquisitions and grow the business. >> now they are actual comparables in terms of valuations so where do you look to in terms of our company should be valued like this one or that one. >> facebook and twitter are the obvious public ones. facebook and twiterer trading about $100 a month. it's hard to weigh revenue growth and all of that stuff but i like to oversimplify it.

>> there were so many properties that would love to own the social media property. we think about microsoft. how does pinterst stay ind pen denlt. >> show a picture of headquarters. >> we have just had -- think about it. face book got caught in half. we saw a lot of the names that got caught in half. >> you think about it. you think about what does that mean in the context of today's price. what do you have tomorrow? what did today have for the potential value of pinterest. i think you have got to take the long view. we're not traders. as a company achieves its

milestones that you think are obvious before you take that next step. >> one of our panelists here actually just started a pinter mpb est page. with your one follower? that's the live shot. >> you should know that one. look at that. what is it called? >> smile. >> with the small d? that's addry help burn. >> it is amazing. >> home of winslow homer. >> going to be like what? 60? >> going back to here. the challenge has always been mobile monetization for a site like pinterst is there a mobile push? >> there is is a huge mobile push. tablet is the perfect second

zreen. here is what you see. >> and you are seeing over the company announced over half of the users are on the mobile device. >> do you make zus as much? you can imagine the same unit having a sponsored pin showing up. working substantially similarly on desktop, tablet or phone. >> no rush to go public. no pressure going out the door to the wild crowd. no rush at all. >> getting done what we need to get done on the execution steps before we join again. >> great to meet you. this as media stocks go today. some skeptical traders think it's about to get worse.

hey, mike. >> hi. so it was very interesting. obviously this was a sector that was really hit hard along with the rest of the market today. disney saw six times its average daily put volume. based on the results. cvs saw about five times the average daily put volume. saw over 10 times its average daily put volume. >> which caught your eye? >> 20th century fox. one would have thought that expectations were already baked in from here on until the next earnings season. anybody is making a bearish bet by at least the dollar that they're spending which in this case would be a decline of about

3.3% between now and december exploration. >> all right. get ready for a huge weekend in china. top leaders are set to make some of the biggest changes in years. that's next. blach

blach. >> welcome back. here sta rapid fire recap in tonight's executive edge. >> twitter finally going public today. the most anticipated market debut. >> i am excited. >> twitter opens at $45.10. >> we have had consistent tremendous growth across the world frankly for the last several years. over 230 million monthly active users now. i think we have got a trend. a set of thoughts and strategies to increase the slope of the

growth curve. >> he didn't want the euro at 140. if we get a weak pair, the euro goes back to 135, you sell it. >> with this is of the model s after the fire was extinguished. it happened yesterday. this is the third model s fire in the last six weeks. >> doctor jay actually got an allocation of twitter so what were you doing today? >> i was trading it. that particular stock i hope to put away for my kids. as we have talked about. 1,000 dollars in amazon, another stock that doesn't make money turned into $237,000. i'm not saying twitter is going to be there but i want to have it for him just in case. i was trading in and out from the first trade price. 45.10, i didn't buy the bottom. sold it up around 48.

tried to flip it several times during the day. it was very active. it was trading about 2300 times per second. you don't see high frequency trading that fast. this was a feeding frenzy. it was fun to trade. i think it will remain fun when the options come on board. >> now that we discussed what happened today let's look at tomorrow. >> effectively china's banks need based on our calculation, about $5 trillion in cash each month to supplement the loans. it has gotten out of hand.

>> guy, a material trade? >> listen, we were on the steel thing. when u.s. steel was 17, we talked about now's the time to get. you get it when it's at its trough. that turned out to be correct. on the other side of that when the news starts getting good that's when you start to scale out of these things. they were late. they might prove to be right six months from now. in the short term, though, i think u.s. steel trades back down to 23.5, 24. >> someone on this desk recommended pacific sun wear this summer. but the future was not bright for this stock. we will find out after the break. ask me what it's like

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>> breaking news out of dc? >> hi. president barack obama has just wrapped up within the past few minutes here an interview with chuck todd of nbc news. the president was asked by chuck todd about those people who find themselves in the individual market who are getting letters saying their insurance has been cancelled and they will have to resubscribe through obama care and their new insurance is going to be a much higher price point than previous insurance. here is what the president had to say about that. >> i am sorry that they are findifind ing themselves in this situation based on assurances that they got from me. we have got to work hard to be sure they know we hear them and that we will do everything we can to deal with folks who find themselves in a tough position as a consequence of this. >> a lot more also in that interview, melissa, on this

subject and a whole range of others. much more of the interview can be seen tonight on nbc nightly news. >> thank you very much. not so fast, guy. our traders are quick but they are not always right. no, they're not. guy made a bullish call on pacific sunway. all you are right now, you are just giving back what it gained today. with the short interest it has, it might be interesting tomorrow for the long side trade. >> yeah. >> terrible call. >> what can i say? the fact that i'm wearing the sa same. >> we have your first move tomorrow when we come back. stay tuned. 0

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unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. geothe last thing i want iswho doesnto feel like someone is giving me a sales pitch, especially when it comes to my investments. you want a broker you can trust. a lot of guys at the other firms seemed more focused on selling than their clients. that's why i stopped working at my old brokerage and became a financial consultant with charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. time now for pops and drops. lightning edition. we got a -- what do we have here at first?

>> i don't know. >> alcoa. 7.3% drop. >> but this stock has been on fire. i just think. i think you get long again. >> qualcomm a drop today. dan? >> disappointing guidance at 65. want to buy it into their coverage. >> drop here for l brands, down 2%. >> they are looking at same store sales for november that are a little bit below what they had previously guided. this is just a suggesting. >> pop here for american eagle. >> american eagle got a price target increase and they beat it by a lot. nice volume, too. >> pop here for transocean up 7%. >> we like it. they are executing on cost saves. investing in new technology. we would be buying the stock here. >> all right. it is time now for the tinl trade. let's go around the horn. mike? >> i think one of the things you can do is sell call spreads.

>> dr. jay? >> community health. buy on that name again. >> gordon? >> out the space. prices are going up. we like the stock. >> ebay long. >> guy? >> western digital. >> see you tomorrow again at 5:00. my mission is simple. to make you money. i'm here to level the play r 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 wan to make friends. i'm trying to save you money. my job is not just to entertain you but educate you. call me at 1-800-743-cnbc. you, you have every single right to overpay for a stock if you want to. in fact, you can pay twice, three times what anyone thought was right even a few weeks ago. no problem with it.