was always going to be tougher. >> can we leave it there and pick it up in the morning? >> of course. 10:00 a.m. >> it's time for "fast money" in just a couple seconds. >> the first investor in snap chat. the first guy who thought anything of snap chat? we've got him on and he will tell us what he thinks will be the next snap chat and why he's an investor in bitcoin. >> and i want to know what he thinks about instagram direct. i'm melissa lee, here's tonight's line-up. gold crush after three days in the red. gold is the real loser today. the metal down more than 2%. we'll tell you the stocks that could take a hit. the twitter stock exploding. but we've got the analyst who says to sell. and continue versy surrounding one of the best ipos of the

year. let's get straight to our top story. >> i was talking to clients today. i want to see that tesla. guys mentioned that level as well, 1760 in the s&p cash. i think today could be the day we see a test and they all laughed at me. now that's not the first time they laughed at me. >> let's do it now. i do think we need to test that level. >> i thought it would make it there a couple weeks ago. so my time was clearly wrong.

that's been, to me, i think that's trying to tell you something. i still think close below 175, that sets you up for mid 150s. to me, the real tell has been the russel. that's now underperformed since the end of november. that has made a series of higher highs and higher lows. i think the russell is something you really want to keep your eye on. >> today, it averaged? >> the last couple of weeks it has definitely underperformed. it's off 1.4% on the highs. i think europe on some level can be a leader. having said all of that, i think the culprit is retail sales.

that number was much stronger and higher. i think that's where people are with this. if you look at one of the best, he thinks that the risk are to the upside. this is why this is an exciting time. >> you're saying right now we're in a good news is bad news sort of market? >> on friday we're all like good news. and it has not been good news for the market. >> the initial jobless claims was bad news? >> my understanding is this is an outlying number.

job levels coming out in the next month. you look at things that are getting the view of the global economy it's better. >> you're buying citi today? >> yeah. we bought it around 1550. i'm not going to pick the bottom but i'm happy to own it. >> we talked about ibm on the show. granted you could go old tech new tech and old market new market. i still think there is is a place for that. >> you're looking at cyclicals.

i would like to see you get knocked down a bit more. i think we're in a paradime shift. i don't think that anything has hit the valuation. i'm looking at cyclicals and commodities. i'm not buying gold. gold was the real lizard. pretty mixed. it with us suz spending because of gold's current price. in terms of capital spenlding and just production. and also they cut back on their dividend. >> they find themselves, if environment was perfect for the guys.

they had arising prices. the s&p 500 was rallying. what do they do? do they hedge? put hedges back on? they can't push any buttons to make their stocks go higher. they are clearly having their meetings and they have no answers right now. >> they do have a little more control. they have a lot more control. when you think that the price of gold has bottomed and maybe it's not there, they do have supply control. everyone says why does it react better than the actual metal? the minors do. they hold their own des any. it does -- >> two to three to one meaning what? >> twice as much as the bounce. about 2.5 times the bounce.

if gold rallies 2%. >> you're long. >> i'm long. when you look at it you hold goal as a small portion and it has become a smaller portion. but if you look long term you have to go back to december of 2008 to find these levels. i'm thinking about actually adding here. >> at 1200, a lot of analysts are saying that dividend continue to be at risk. you see maybe credit rating downgrades? >> it certainly leads to asset write downs and what they're doing is these guys are optimizing their products and cutting out bad capex. if we haven't gotten to a place like this, i think the kitchen sink is in there, too. i don't think that the gold miners who have been so beaten up and say oh my god it's cheap

that's not why you're buying them. >> the first company that announces they're going to hedge, that could with be the signal you saw the rally that it had. the first folks to put it back on you might get a little bit of a tip. >> and already the co-chair has said, yeah, it's worth considering putting the hedges back on. >> the point you brought up from those who have debt on the balance sheet, the dividend goes first. >> they're in a very difficult spot. if you have it perform in the environment they have had, understood what set of circumstances can you perform? >> let's hit a major bright spot

and that is tough lon twitter. in just over a month. it is up more than 112%. let's turn to brian weezer who thinks that twitter's record high days are numbered. >> we should be clear that you put accelerating on twitter at almost the exact wrong time at the beginning of december and that's just after the november lows here. at this point what do you make of the 22% increase in market cap value in just the past week? >> i thought it was really -- >> actually tweeted at that point. here is what is to me a very impressive about this move. it has come on enormous volume. ultimately today traded 23 million shares but this stock was averaging four or five million shares.

>>'s audio. >> we were just saying that you actually put accelerating on twitter at the exact wrong time. >> anyone who bought at the ipo and sold made a lot of money. >> i understood it that you had put it on twitter at the end of november. >> no, no, no. we launched and after the stock opened at 45 we said sell. >> got it. in terms of the massive move that we have seen so far. >> yeah, well, first of all, let me say, twitter is an amazing company. fantastic management. wonderful traction. the problem is it's just simply

overvalued. it probably has to. the amazing thing is that the stock running up this was announced in july. a pruk announced in july? you know? that's the problem. that doesn't mean there are not people trading it. if you tell me, if you can tell me that this company has $8 billion i get very comfortable in the valuation. >> you talked to a lot of institutional investors. tim was pointing out very heavy volume in this. >> are you getting the sense that your client base is buying

the stock? i can't speak to the broader retail base. >> i don't think that very many people are doing what we would call fundamental research. if you look at the other analyst sentiment up there it's not exactly positive. we all love the company. i think it's a great business. >> brian, great to have you with us. thanks for your time. brian weezer of pivotal. so 20 analysts cover twitter. >> something went on today. >> something went on. and all of the sudden. >> >> this is four days running.

>> how do we know this is not a break out divide? >> do you want -- it it could very well be. i still say that. you don't see an opportunity or day where the stock is down? >> i bought it today. which as a valuation, this is a twitter of china. >> coming up, first it was cl g cleon, and leon and now electra. you can see the company that 3d printed the aston martin in this movie scene. mine was earned orbiting the moon in 1971. afghanistan in 2009.

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>> today's top trades retail edition. the downward facing dog. lululemon getting taken to the wood shed and we should note can ceo will step down next month.

chip wilson will also step down. karen, what's your take? >> i'm not quite sure what exactly to make of it. that may have already been done here but when you're a high flier like they are, you don't have a lot of room for margin misses. i think that's going to stay with them as well. >> you want to do downward dog. >> that's right. >> it just means she's a yoga fiend. >> it's -- i'm telling you. it's pil -- >> no. no. >> come on, man. you're embarrassing yourself. >> i think the guy who knows all about it. >> let's move on please. from downward dogs to a company that has been in the dog house.

saying what we now need to do is edit things out. genius. you still have the -- from private brands to these other brands. >> that's not the trend in retail. analysts are getting all excited about kohl's. >> i think he's trying to bring it back to something that was familiar to the customer. because obviously johnson didn't know his customer well. this has a huge short interest. i wouldn't be a buyer of it. but you still have to worry about good news or turn around. could spike the stock higher. >> we're not talking car men

electra, but we are talking weather storm electra. >> wow. >> in case you didn't know who carmen electra was. >> you don't often get that opportunity. >> fresh off a pounding from cleon and deon last week. >> what did you just say? >> it was a bad movie. >> i don't know. >> anyway let's talk about retail. let's talk about what happened to shopping. >> i think they are more a about nat gas. the retail sales in a very difficult week. it was not we're not impacted and certainly online is not impacted.

i like marathon as another way. >> and on a serious note, down 7% afterhours with some headlines out trading around 78. this is pretty interesting. a level we bounced from in the early spring, this sets up really interesting because you will see a huge volume. >> let's move on. 3d printer is one of the hottest stock trends in 2013. most of those games. how can this printing company keep the heat? joining us is the cfo of rudy. great to have you with us.

it has been a hot stock. a lot of people are bullish but short term. and your stock in particular seems to be less favored among the 3d printing stocks. >> we focus on establishing our service center capacity in europe establishing our u.s. facility and do not focus too much on the share price. >> you are much more leveraged to manufacturing correct? >> and some of your clients include daimler, ford, some of the big manufacturers. how many printers have you actually sold? >> we have a total installed base of 55 large format printers

on the globe. >> the last recent quarter we sold three printers and reflecting to the port. >> you did one financing? >> yes. >> we did not invent financing. we did a credit check and we do this not on a regular basis. we do this on very selective basis and this was a very reliable customer where we have a long term relationship already. >> who else is in the field that i know on the consumer side it's somewhat crowded. who else are you competing against? >> i think our main competition is in the conventional tooling market.

a lot of people will hear three printers, that's not very many. what is your average selling price? especially considering you had to extend financing? >> average selling price is 500,000 euros. over the history of the company we did financing. finance something not our main target. >> and you don't plan to expand that at all? >> in selective cases we definitely do financing but we don't accelerate this. >> i want to talk about increasing servicing in the united states. at equals investor's mind

increased spending. we have been very precise. and the european acquisition was a very good option for us to secure our facility, the growth of the company. actually we received half a percent interest rate. compared to the purchasing price. the lease rate that appeared very attractive. i always can borrow against the property and from a p & l point of view. >> one of the initiation notices

that came out this week that they expect 3d printing would be big some day but right now it's such a tiny percent of what is actually manufactured and the time that it will take will be some time compared to valuations that companies like yours already has. >> i don't reflect on valuations. we concentrate on the execution. >> but in terms of the percentage how do you look at that market opportunity? >> you are right. if you talk about an industrial application, the conventional market and where we participate in today is almost nothing. so there is is a huge growth potential especially if you talk about high complex parts where we have a very high tooling costs and low quantities. we offered 8,000 euro on the biggest printer. we definitely can support industrial applications.

>> we did not give guidance yet. we give guidance in our q4 earnings call. in the road show, that's what i can talk about. we plan to grow on a 50% growth rate for the next 36 to 48 months so that then you can estimate where we want to be next year. >> thanks for coming by. you looked at the space before. >> i have. obviously this is the commercial side of it. but i would assume that a rising rate environment has got to make it less of an incentive to actually buy the units. he said that's not a big part of his business but you do have patents happening. could make the whole space a little more competitive. i go retail wise. i believe hp will actually consolidate the arena. >> let's talk about v-chip. it really sort of traded back

down from 34 to a $70 high. understanding the stock will be very volatile. with the 34 in the back of your head you play from the long side here. >> why the latest and greatest iphone could help add to the bottom of an undercover shipping play. and why he likes bitcoin. stay tuned. ♪

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>> size matters when it comes to shipping smart phones like the

iphone 5, because they're just getting bigger and that could give cargo companies a boost. the key thing to understand about air freight is it costs more than sending something on a barge, obviously. >> air freight is all about value. when you think about what moves air freight in terms of volume, about 2% of the world's goods travel air freight but 45% of the value. >> there is a trend that adversely affected your business and that's the trend of things ge getting smaller. you pointed out the iphone 5, blackberries were actually bigger so you didn't have as many trips going back and forth. >> so air freight has really not gone. it's been flat, at relative highs.

but we haven't seen much growth. and some of that is the trend. if you think about your phone today, it does four or five things. the tablet is replacing the laptop. if we're not bottomed, i'm not sure phones are going to get very much smaller. that represents around 20% of what moves air freight. >> how much of your business is someone who has a production problem who normally ships using some other slower method but they need to get the goods somewhere so they're late to come to you? >> about 15% only. our core business we fly for other airlines and the

integrators. what atlas does is we have the largest fleet of 747 freighters in service today. and our customers are like dhl, one of the three top integrators. we provide the aircraft. a long term relationship. we need to ship air and we can't use ocean i think air has its core markets and ocean for international flows have theirs. >> so the third quarter was disappointing to say the least? >> does it have that much of a meaningful impact for you guys to mention it in a release? >> it does.

it used to be a large part of our business. we have been evolving our business model to move away from it. we did talk about what in my mind is the impact of se quest trags. the military did reduce the amount of cargo. that had an impact on our earnings. >> we have got the holiday travel trade just in time for the new year. grab your glow sticks. we have the news on an electronic dance trade. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities.

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>> check out shares of adobe in the afterhours. the cfo going over some of the highlights as he saw them for the year. returning 1 billion to investors. look at the latest results.

q4 is basically in line. that's where the center of attention was. so those shares higher right now. melissa, back to you. >> thank you very much. credit card stocks some traders think these companies could be maced out. here is today's options action. mike, what'd you see? >> we saw unusual activity in three cred card activities. visa traded about two times its average daily put volume. i mean if you take a dollar if it's a one dollar bill or ten dimes.

you will notice before it broke out it's trading just about 75 bucks. the average multiple for american express, about 16.5 times if it actually went back down to its main level that takes you right down to about 75 bucks. the wiers are speculating. despite the fact that there is secular tail winds. >> thanks for that. you catch more options actions every friday. check out our website. coming up, it is the race for the bigger user base. a new private message system on the heels of another round of funding for snap chat. snap chat's very first investor will tell us who he thinks will

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>> welcome back to fast money. we've got some breaking headlines here on u.s. mutual fund flows. in the latest week of their survey they said that $6.5 billion worth of u.s. eeoc city mutual fund outflows have occurred again in their latest week of polling. so it appears as though investors are starting to get a little bit wary of u.s. equities at least. back over to you. >> thank you very much. in case you missed some of today's top moments here is a rapid fire recap in tonight's executive edge. >> the big ipo of the morning just opening and now trading at $21.27. >> we actually think we can grow

at a very rapid pace at an increasing pace in good times and in bad times. >> we're simply asking that people pay a little more for their pensions. because they have a pretty good deal relative to the private sector and we have got to equalize that. >> originally we will pay down debt. we think it helps our competitiveness. over time looking to buy back stock. >> since the privatization we have been growing at double digit rates and we had fantastic demand in our consumer business. tablets and notebooks are strong. enterprise business is healthy. >> i can't say something positive about what just happened. >> so the hilton ipo is rising tide.

pretty lousy take. but you have got to be careful, i think. we traded to levels that we last saw late 2007. i don't think you want to get in the way. i think you want to take profits. >> tyke now to hit the fine print on the electronic dance music trade. >> yes, we have a big position in live nation. and that brought us to sfx, which is brought to you by the guy who started live nation. so what's worse than one electronic dance music festival? this valuation is absolutely absurd. this is is a website called value ip ves tors vic. i forgot what the c is for. every week they have new write ups. this was this week's write up and it was a very interesting

valuation of this busy and they said that they just put together these few companies and now it's trading at three times what they paid for them. fl are no real synergies. probably. is it a fad? probably. and yet the valuation was absolutely ridiculous. >> it's way better than this. like the ticketing business. ipo just came out 13. it was crazy. >> you love a good rave? >> no. >> do people -- >> it's very pop ewe lang among young people. >> that was actually my wedding song. >> i thought it was dude looks like a lady. that's what you told us. >> that was my first marriage. long story. >> awful.

instagram tries to steal some of the spotlight. what is the next big thing? we bring in the guy whose job it is to find them. the very first investor in snap chat. great to have you on the show. >> great to be here. >> i want to first ask you about twitter. we have seen a massive run in twitter shares of 22% in just one week. i'm just wondering is there anything that twitter is doing whether it be targeted audiences or allowing photos that warrant a 22% increase in market cap? >> i spend most of my time working with very early stage companies and i leave the public market valuation to the experts. >> when you see a run, does that bode well?

>> you know, i think there is two ways that a company can exit. one is through acquisition. the other is through public markets. and alternatively, if companies have the acquisition currency because of a high stock price that means ak zigss are attractive alternative. >> i want to talk about what is the next big thing. something that i don't think anybody here on this panel knows because we're not the demographic. but whisper.com. explain what that is. >> whisper is is a mobile app and it is a lot like the old post secret in that it allows people to share unanimously some of the secrets or thoughts that

they might have and it let's other people engage around that content. it's shown incredible growth since it was started. up to about 3 billion page views a month. >> people hear snap chat and they think about the offer from facebook that was turned down. give us the comparison of whisper.com versus what you saw with snap chat. >> as is aulgs the case, the most important thing to start off is are they delighting users? the best way to tell is how engaged are they. you seek extraordinary engagement.

>> we want to hear more. on the other side of this break, fast money's bitcoin week continues and we will talk about silicon valleys new love affair and ge-- and how a pass into th world's largest department store in midtown mat hat tan. he spilled the beans about what product they cannot keep on the shelves. stay tuned.

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>> venture capitalists still bullish. raised $25 million in the latest largest funding to date. in another big venture capital firp, jeremy lew is back with us. great to have yo with us. you are personally invested in bit coin. you bought what? beginning of the year? >> the firm is invested in a number of different bit coin companies.

a lot of ecommerce players. that puts a ceiling on bit coin. your goal is you want it to be used widely. regulation is ineflable. it is being used for payments or can be used for payments. make sure that issues like money laundering and drug financing do not take place with bit coin in the same way we don't want them to take place with cash or cred carts or anything else. it's really healthy to have clarity about rules. >> a lot of people will view bitcoin out there.

that cannot be called any sort of alternative currency and cannot be called value if there was a span of four days last week. for your investments to actually then pay off? we need the volatility to come down? >> you know, the volatility is definitely an important factor. but i don't think it's actually necessary for bit coin to be used widely as a payment mechanism. there is a deep and liquid market. if there is a mur chabt, i can can ak suspect payment in bit coin and then trade out of the bit coin into dollars then i don't care about it.

we are seeing that through these exchanges. >> doesn't that defeat the purpose of having an alternative payment system? >> payments cost money. if you use your credit card at starbucks it's 3%. >> got it. thanks so much for joining us. appreciate it. first move when you come back. stay tuned. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain,

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including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira , your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind of infection. ask your doctor if humira can work for you. this is humira at work. you stand behind what you say. there's a saying around here, around here you don't make excuses. you make commitments. and when you can't live up to them, you own up, and make it right. some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where it's needed most. but i know you'll still find it

when you know where to look. anncr vo: introducing the schwab accountability guarantee. if you're not happy with one of our participating investment advisory services, we'll refund your program fee from the previous quarter. while, it's no guarantee against loss and other fees and expenses may still apply, we stand by our word. >> welcome back to fast money. shares of petroleum are down about 10, 11%. this on headlines a u.s. bankruptcy judge has ruled against karen mcgee. this related to some environmental clean up. an amount that is not at the level that was originally sought. damages here yet to be determined. you can see by the reaction, reacting very much to the negative ruling. back over to you. >> thanks very much.

>> this is going to have a stock with us. >> if it holds the 75 level i think it's worth a shot tomorrow. >> thanks so much for watching. mad money starts right now. meantime, "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. 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 trying to save you a little money. my job is not just to entertain you but teach you and educate you about how the business works. call me at 1-800-743-cnbc. blame it on the fugitive. that's what i think is behind a lot of the action in the soggy market. dow dropped 104 points today. s&p climbed