technology innovation matters more than ever. not just about growing your audience but having the innovation to change your business volumes. >> if there's a message from today, it's pick up the phone and call your restaurant or walk in. >> i'm not going to do that. >> or send your kids to restaurant school. >> time for "fast money" and melissa lee and big crazy earnings show. >> "fast money" starts now. more trouble for tesla breaking in just the past hour. missouri looking to ban direct sales. more on that coming up. our traders are tim, dan, anthony and guy. now this morning the nasdaq looked like it was getting a bit of a bounce. couldn't stay in the green here. amazon, facebook and fireeye all seem weak. is the nasdaq fall getting close to the bottom? we're talking about the divergence and how one is

telling us one y. >> 15 s&p poi time high. everything is fine. i would prefer to look at the russell. that to me is struggling. dan and i were talking about this. valuations,ic look at the russell and nasdaq and say i get why we're selling these things off. 65 times. s&p, 16 times. i think there is a real argument into rotation into stuff that has a more sustained model. what's going on with the nasdaq and tesla, it's not been a surprise to me for a long time. >> i don't disagree with anything you said. i would say the longer -- if you want to call it a rotation goes on, it has the potential to snowball. to me, as long as i have been in this business since the late '90s, i have never seen this sort of damage done.

you want to talk value. there's no value still here. what's changed is investors psychology and the change may come to the s&p that's trading 16 times forward. >> this divergence will be solved in terms of something like the russell for the first time since november 2012? why do we -- the broader industries going down as opposed to the momentum stocks going higher? >> the psychology in the stocks have been broken. with the broken psychology, it's very hard to repair it. you can't walk in and say, okay, why am i buying this stock again? i buy this stock every day because it goes up every day. now this thing is broken and no fundamentals or basis for buying it other than it goes up every day. once you pop a bubble like this -- >> he said the b word. >> that's not a word i would use ever. >> bubble. that's what i'm talking about. >> it's better than taper.

>> that's true. what troubles me, everything timmy said is spot on. is s&p is not expensive here. i think dan is saying the same thing. what bothers me is the race to zero with the currency. i don't know how that ends well, one. the fact that if the economy was as strong as the s&p suggests in my opinion rates should be at least if not 4% and only going down this year. i don't know what that means. to date it's meant nothing and tim has been spot on with this. but at a certain point i think it has an affect. >> when i look at the dollar, you can say rates to zero. look, the fed is tightening. you can't tell me that they're not tightening. in concurrent thought with this desk. look, people know something is going on here and markets are not dealing with 2013 when the fed was totally out of the picture. >> how is the fed tightening? when we had the taper last june.

we saw the massive spike in rates. now rates are going down. >> but they are taking body purchases out of the market that should be pushing the long end up but it's not. this is tightening. >> but she's not moving rates higher. it doesn't end well for the middle class but it is a very good thing for people that own assets. when you have rates this low, they are the physical gravity of assets. this is the big problem for the fed. they can't figure out a way to get the middle and lower class back in the game. >> ianhorne walked away from the lunch a little disturbed by the conversations they had. i don't think he walked away impressed for the fed going forward. i think he walked away scared.

if he's scared, i'm scared. >> he's not going to tip his hat to somebody like that. these guys are going to slowly come out of the markets and pray the economy picks up. >> and like tea leaves. you want to see this guy as a guy with a bubble basket. of course he's going to be scared. >> anyway, gets active in the game to help out the american economy. >> let's talk tesla. new efforts to block director sales in missouri. phil. >> we shouldn't be surprised to see this happening. i suspect i should say we expect to see this at a number of states around the country. missouri being the latest. the legislature there, the senate has passed a bill that has an amendment which would require all new vehicle sales go through a dealership. that is going to the house. we're aways from getting this

passed. this would mean missouri would be the fourth state following new jersey, texas and arizona to ban the direct sales of tesla. this would happen today. look, this is wrong we're going to fight it. we don't think this should be a requirement for the sale of vehicles. this is a developing story in that regard. i wanted to show you this chart. you're going to be talking about this. and you have talked about it a little bit. since it hit its high of $265 on february 26th, it's lost more than 30% of its value. the biggest drop this year for shares of tesla. so that's what's happening in missouri on a day that was not a pretty one for tesla investors. >> phil, what's your sense of this? when we heard about the other three states, it was all right. didn't do too much, the stock.

>> my sense is that ultimately what we will see in missouri, this is just a guess, you will ultimately get tesla and the dealers association and state lawmakers working out a deal as they did in ohio and new york where they agreed to a finite number of tesla showrooms. let's call it three, maybe four. and after that, they'll say you're locked into this many for four, five, six years, whatever it might be. you can't do anymore unless you go through a dealership which tesla has no plans to do. that way the dealership ranks can say we know how many of these galleries are going to be in the state, we know they're not going to pop up all over the place. they put a corral around tesla. >> thanks for that. let's bring in matt, the editor in chief. great to have you with us. >> i think what phil is eluding to and what's happening is we have this classic political struggle where the dealers have

the political clout but almost no public support. no one is in the street going save the dealers. people love tesla but doesn't have the political clout from years and years of donation that is dealers do. there's never going to be a national bill to say tesla direct sales. and right now tesla in most states is not going to win. >> does that mean this is a setback in your view? it seems like the tesla customer will figure out a way buying this car. they don't need to go to the dealership. >> the tesla model probably will also wait. for tesla to be the company it wants to be and needs to sell 50,000 a year, and to do that you need to have more than three dealerships in a state. >> are they an auto company or technology company? >> or battery company? >> or battery company? >> that's the bad news.

why become a battery company when this is where all the r & d costs are going to sky rocket. people in china and korea should be buying that. >> the battery space now, because they are going to be the largest consumer of lithium ion batteries. it's not just e-cigarettes and the cars. there's military applications of all the technologies. they can't build enough cars until they have enough batteries. >> apple doesn't make its own chips. apple doesn't own its own factories. it is still a technology company that is able to supply eye pads to the people who want them. why does tesla have to spend its money? that's one of the reasons why the stock was down was the sudden increase in r & d.

>> which is great. amazon is another company that's a r & d focus company. for the long term for tesla, this is the best thing. apple if they get a problem with their chip, they can go to someone else. millions of people make chips. >> where is the stock in the year? >> sure the stock is going to be 300 in the year. we hit a circuit breaker, people are going to go crazy. both positions are smart positions to take. if you're investing in tesla you're doing it's based on psychology. ten years, you're fine maybe. >> that's up lifting. >> that's rational. >> you should have seen him. he drank a box of jo. >> i'm jacked up right now. >> let's trade this. people want to know how to view

this company. >> this stock has not been below its average since 2012. this encapsulates everything -- the worst psychology about the stock market. it's a great company. they have a great product. >> what level would you look at it? >> i think it's -- >> 80 bucks. that on the chart is where you started to get that parabolic move. bank of america has got a 50 on it -- 70, excuse me. their main point is the giga factory is a giga risk. people act like there's no one else in the space and no competition for technologically advanced companies. >> let's get an earnings alert. rocketfuel is plummeting in the after-hours session. >> that's right. moving lower in after-hours. posted a loss in its first quarter revenue and said its

second quarter sales will come in below forecast as well. so shares trading well below its offer price. back to you. >> thanks. one of our traders here -- >> let's see. >> long twitter after its massive two day decline. but is buying a good idea? find out which tech company dan niels decided to short? it's not a high flier. that's next on "fast." ♪

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♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before. . the tech selloff has caused stocks to get cheaper. just getting started and kicking off with amazon trading at 630 times. now trading around 460. quite a discount. where do we go with this? >> 250 is where i said the stock, to be consistent where we were a month ago when we started saying where is your shopping list. this is where you start to put some relevance to the valuation. it's still not going to make sense but this is a company starting to care about the bottom line. but from a chart's perspective i

wouldn't touch it until 250. >> when it came out the stock was trading and we said sell it. hopefully had an opportunity to understand if you didn't. it's been going south ever since. you have not seen a capitulation day at all. i don't know when that comes. it might be 250 like tim says. >> netflix, the pe ratio has been cut in half. you're in a trade. >> to me, i just think it's a competition thing. i don't think it's of going to grow in its valuation. it seems like every day there is a new competitor popping up. >> you're short? >> i'm long puts. that's how you have to trade these things. you wait for a bounce. >> a jump on those earnings, too. >> you don't want to press these things when they're down 15%. they will pop 10%. that's when you get in. >> is there any level you think netflix is a buy? >> no. but again, the psychology is now

broken. and people are asking why they own these names again. but the valuations are crazy. i love jeff bezos. >> priceline down in the last two months. >> this is not an expensive stock. clearly it's got caught up in the entire space getting whack. if you move a decimal place over to the left one, it doesn't seem as expensive. i think people get confused $1,200 stock is expensive. it's not. it traded down and bounced early february. if it stabilizes here, i think priceline is a winner. >> so if this is part of the momentum -- >>s is not a problem in

terms of valuation. >> william shatner is telling you -- bob conrad -- anyway. >> you don't know what you're talking about. >> these guys are controlling this auction space for global travel. 60% of the business is outside the united states. i don't think it's outpriced either. >> mr. value man? >> i don't think this is expensive. this is one of those names if the bull market continues to rally, people will be justified in buying again. those rally stocks are hard to buy based on valuation. >> twitter shares popping. following a big selloff. tim seymour bought calls. it is time for street fight. tim is the bull. dan is the bear. tim, go. >> i have to put caveats on this and say i am a tactical bull.

i don't think twitter should be trading where it was two weeks ago. i think twitter plays like facebook did. it needs three, four quarters to prove the adjustments they're making would start to take work. on a value perspective, this stock is cheaper on a metric that matters. people that are valuing twitter are truly throwing darts. when you look at it on price to sales metric, it's trading inside of where facebook is. it's cheaper than facebook at the levels. i bought 32 calls for a reason. that was the capitulation point. i'm not going to be in the stock at 40 bucks. i don't think it's going to be something i'm in for much more than a week. >> because it's not going to 40. not for a while. one of the things that took it from 40 to 30 was the overhang. we had half of the it po lockup that said we were not selling.

that other half coming due in 90 days. there will be sellers. the date you have to put on your calender is sometime early to mid august. if they do not fix some of the problems that have plagued them since they have been a publically traded company, it's going to get washed out. facebook had the moment. two quarters in where they demonstrated their ability to mon tietize their user base. i think the stock, you avoid it. i don't think this high valuation thing is done until twitter touches its ipo at $26. >> can you explain the rules? when you hear the buzzer -- >> you stop talking. >> some guys play by the rules. some guys don't. >> you, mr. filibuster over there. who won the street fight? >> they both make great argumenting. since dan decided to go outside the norms of the buzzer, i got

to give it to -- dan has done a great job for w the whole space. i think you can tactically see a bounce here. that last quarter was not a disaster. it wasn't a disaster of this magnitude. you hit the nail on the head with the lockup. i think it bounces from here. >> everyone on this desk has their twitter feed up right now. >> pay attention, people. >> everybody has got it on their phone. >> this is the biggest problem. it's a misconception. >> down boy. >> who do you think won the street fact. tweet us. we will have the results at the end of the show. coming up, dan nathan is back with another grip reaper call and big box retailer that may be headed for a major fall. plus, the dean valuation is here

to stake his claim on alibaba. some of the hottest stocks out there. he gives us his take next.

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it's all about latency. about speeds and feeds. it's all about how fast does it run. i often sit with enterprises who ask me about how mission critical and how's the performance of the cloud.

and i tell them, if you can maker gamers happy, you can make anybody happy. . ecommerce, alibaba, we have got the main known for its valuation. tesla and twitter before its ipo. now he's unveiling his brand new valuation of alibaba for the first time. let's bring in professor of finance and master of valuation.

it's great to have you with us. >> thank you. >> what's the number? >> my estimate is about $125 billion. above they bring in the case maybe $45 billion. i was surprised how much money the company makes. i think the biggest problem is already 80% of the market in bick segments. the growth has to come from the overall market growing and that puts a cap on how much they can grow. >> one of the guests said a lot of the marketplaces is not taken into consideration. some holdings could add up to $25 billion to $50 billion. is that in your number as well? >> it's understated my numbers. the other holdings -- they're pretty opaque about their holdings and that's a story in itself. because the fact they're not open and transparent is often

going to be a problem in the market pricing these holdings. it's surprising they weren't more transparent given they have so much to show that they held back as much as they did. >> do you have a corruption discount? i could say it's not so much a corruption discount. but with any chinese company, you know the government has its finger on and you don't get to be the most successful chinese company by chance. i'm not sure who jack ma knows but the legal setup for this as with many chinese companies puts me at the mercy of what the chinese government thinks about the company. >> your talking about the discount rate which you can put anywhere you want and this is how people change major valuations. you're 125 or 120 plus cash but

for the guy 180 and we're talking to people who own the shares locally that want to sell them for 165 for example. what's the difference in your call here between people possibly 25%, to 35% higher. >> i think the key is the revenue number. if you think it's 25%, it's closer to $120 billion. it's all riding on revenue growth. n how quickly will chinese online grow and how much can the company hold on to its immense market share. >> isn't the chinese internet space lack thereof? >> it's not a tiny market. it's the second largest already. as it grows, it becomes more difficult. you're looking at -- i looked at

about a dozen services. they're estimating 25% to 35% growth at least for the next five years. >> professor, thanks for coming by. you have had some problems. he mentioned opacity in terms of the value of the stakes of the companies they picked up along the way. >> the wall street journal -- i think corporate government is going to be an interesting topic in the road show. let's remember one thing. there's a lot of numbers being thrown around. these values can change and they can change quickly. think about the facebook road show. that value weigation changed. there's not a ticket to the bank that this thing -- >> let's connect one dot. if it's 145, what does that do to yahoo? >> i'm clearly the wrong person to ask. the other day, 190 was being

thrown around. here we are at -- >> what does that do to your expectations? >> especially when you consider yahoo japan and some other parts. >> alpha one capital's has a bone to pick. later, a big box retailer that just may be knocking on death's door. we got the details in a few minutes. three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*?

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. major tech earnings may be behind us but the selloff might not be. a new short play and new long. dan nile, founding partner of alphaone capital. let's start off with the long. what is it? >> we like google we didn't own it into the print. thought the numbers were a touch too high given the seasonality. but it's a name we have liked for a bit in the sense that we think that he's going to have a good year this year. the main reason is they're getting rid of motorola.

their revenues were done and unprofitable. just getting rid of that is when the deal should close. we'll add 3 to 5 cents right there. i think with the last reset behind us, it should be able to start marching higher again. >> we want to start talking in your latest short. you think of a short name and this is actually a name getting more buzz. what don't you like fundamentally about this company at this point. >> it's frustrating. microsoft wanted to buy long after they reported their earnings. my thought was they would report numbers and have to take a hatchet to their estimations. they put out all the forecasts for how much costs were going to come out. what their market share would be out several years from now. they report the quarter and the deal is going to close the next day. they refuse to give any updates.

six months ago they had perfect vision on how everything was going to look. but the day before the deal was going to close, they had no thoughts on that. and you're going to have at least 10 to 20 cents coming out of earnings over the course of the next two years and it wouldn't surprise me if it's worse than that. >> with this kind of dividend and their cash on their balance sheet, isn't this a tough one to short? can't they do different things to get that share price up? >> yeah. they can try to do that. here's the thing. for the last two years earnings haven't mattered. if you were on the internet space and google or amazon, you missed three or four quarters and your stock went up 50%. this is a different market environment. now you're going to have to make earnings for a change. microsoft has had a good rally and rightfully so because i think the new ceo is quite good. the problem is he's having to

deal with the acquisition done by the old ceo. to your point, there's a lot of financial engineering you can do. but if your estimates have got to come down, and i think this is going to be a much bigger problem -- >> big call. >> look at what happened with oracle and sun and google missed the top line seven quarters in a row. most was related to motorola. with microsoft, i wish they cleared the descks. the problem is they didn't do that. i think at least in the short term, until they do that, you know, with the run its had, i think it's probably, you know, going to have a problem. >> dan, we're dwigoing to leave there. dan nile of alpha one capital. anthony makes a good point in terms of financial engineering.

they have the fire power to do that if they have to. >> dan does a great job. the google call i think we probably collectively agree with. microsoft, i think that last quarter was pretty spectacular and they seemed to figure it out. i would sort of be in the careful shorting or selling microsoft. >> didn't you say you wish they had cleared the decks? >> yeah. somewhere in the mid 30s. i said its new ceo 101, like you throw the baby out with the bath water. and i think there's probably 10% down-side microsoft. >> dan is a smart analyst. i have got to relook at the name and think what we're thinking about it. it's a recurring cash flow business. these sorts of problems can slog that stock for a period of time. >> time for pops and drops. pop the tiffny up 3%.

>> tiffany very strong numbers. we think the goods market is the best jen dra of retailers. >> fedex down 1%. >> people are concerned i think with the ground margins which have been declining. they're changing pricing models. in my opinion, it's imperative the stock holds 130. >> molson coors. >> significant synergy from the recent jv. i think they have enormous opportunities in the upper scale. i stay in the name. >> pop, ford, 2%. >> they announced a new buyback here. this is a cheap stock and comes down to where you think the u.s. economy and also having massive gains in china. i actually don't see it right here. i think if you're long, you use 15 as a stop on the down-side.

>> breakfast burgers, adding items. burger king has turned to an old flame. customers searching for a heartier breakfast will be able to start their day with whoppers. they soon will be available in 5,000 locations worldwide. >> got a pop for obesity. >> why not? is that cat stevens? >> i don't know. >> that's some music we're playing back there. >> time for trade update. dan nathan pointed out two charts that looked like they were headed for the grave. whole foods, selling off sharply in earnings. what about costco. dan? >> here's the thing. we have from 2011 costco and whole foods up against each other. they had amazing -- yellow one

was whole foods. went down like 20% in a straight line. when i think about costco, it has a very similar patient if we flash forward to the charts. it's making this head and shoulders top after we have had this massive run-up. costco, you think it's cheap because you go and buy huge things of everything. this stock trades at like 25 times next year's earnings and only growing high single digits. may 29th they're going to report their fiscal q3. if there's anything wrong with this number, i think it breaks to the down side and you have a quick 10% down-side. i bought some may 30th puts. and this is a defined risk. this morning they gave their april sales better than expected. the stock popped oversold. you sell these things when they get back to the down-trends.

it hit that down-trend. i'm looking for a play below 10. >> does anyone think costco is in the triangle of death? >> dan is hitting on a company that is way expensive relative to its pierce. we know that's happened to target. walmart has been value trapped territory for a while. yeah, it's certainly expensive. >> 110 has been the line in the sand. it's bounced a couple of times. you got to pray it holds 110. >> he's a scarey looking dude in that hood. >> coming up next, high end retailer, we have got the details. and later in honor of nfl draft day, we're talking topics and the business of football with a newly crowned hall-of-famer, former buffalo bills wide receiver, andre reid still ahead.

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became your business. at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings. welcome back to "fast money." we just learned that the bitcoin trust will trade on the nasdaq. cameron and tyler winklevoss known for their association with

facebook and advocates of bitcoin. creating this bitcoin atf. now we know it will list on the nasdaq. melissa. >> thank you very much. kay spade some unusual activity. and dan made his way over to the action. >> this is a stock that never seen an options trade in the market. there was an options trade that was basically three times an open interest in the stock here. what this trader did -- it was probably a big investor. they looked out to july and bought 10,000 of the july 33/40 1 x 2 call spread. they sold a million shares of stock when they made that position. it could have been a long holder of kate spade replacing a

million shares with an options trade that gives them an economic interest between $45.50. if you look at the chart. they're trying to isolate that high strike at $40 here. that's where they want the stock to go on july expiration. if that happens, they can maybe up to $4.55. they're using this right here. this is a price option. they want to buy one of the lower strikes. sell two of the higher strikes at upward resistance and they think this is a probably a good range. >> despite the recent pullback the stock has had a monster run overall. >> look at that video. >> yeah. this is our interview. the ceo. >> look at that. that's good stuff. >> nice bag, right? >> good-looking bags.

>> what about melissa's outfit? >> she asked about the bag. >> go, stock. >> i'm with dan on this one. dan has made some wonderful calls. you listen to dan nathan these days and you do well. that is to me a head and shoulders pattern. >> why is dan walking on water today? dan walking on water. >> no, i agree with tim on the street fight. >> that's true. you can catch more options action tomorrow, and check out the website. still ahead, today is nfl draft day. the inside scoop on the business of football with legendary buffalo bills wide receiver, andre reid. he joins us live next. ♪ ♪ ♪ ♪ [ tires screech ]

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we just looked really

ridiculous there. >> a creative director on that one. >> that was fun. how much money did you lose, tim? >> all the money i brought to the table that day. >> so obviously the salt conference is happening next week. so half time report and "fast money" will be broadcasting from salt wednesday and thursday of next week. we have got a lot of top investors we're going to be talking to. we'll get the pulse of the scene there. it's going to be a great time. >> i'm not sure if it's going to be as exciting as melissa interviewing george w. bush in 2011. which is one of the highlights of salt history if you will. >> this year it's going to be great as well. we got cvs, cbs after the earnings tonight. cbs falling after a revenue drop in the first quarter. >> the revenue is disappointing. i think they're a catalyst

between unbundling. they control a lot of content. also have significant asset sales. the stock had a big move down lower into these numbers. down lower after these numbers. these guys are going to be given 15% to 18% aps. i would buy this stock. >> seymantec. >> 25.3% the street was looking for. huge selloff after the ceo stepped down. said you got to step in. you'll probably see activists in the name. it hasn't been able to get to 21. i think it's a pretty solid quarter and like the name. >> and nvidia, the stock falling here in the after-hour's sess n

session. >> they are trying to move away from just pcs. a third of the market cap is in cash. there's no debt. this thing is active. if this comes back in towards 17. >> it's probably a buy. >> coming up next, the organic space and cramer is talking to the ceo of velestial. at the top of the hour. stay tuned. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently,

if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise.

and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves.

. welcome back to "fast money." according to financial times, apple is in talks to buy beats electronics, the head phone maker for $3.2 billion. the deal could be announced as early as next week citing people familiar with the negotiations. some details had yet to be agreed on and talks can still fall apart. according to financial times apple in talks to buy beats electronics for $3.2 billion. >> thanks for that. $3.2 billion for beats. let's say this deal happens. what happens to the stock? >> i don't think this is what

people want to see with apple. they create a problem for themselves with all the small acquisitions. this thing seems it's really not in their core. i know people are waiting for an ibud. this is not a what's up kind of deal for facebook which is so much transformational. >> taking another brand and interjecting it into their brand i think is a disaster. has no affect on the stock. the purchase price is a rounding error. >> i think it does with people expecting more. i think the stock will trade off on this news. >> let's get to the results of the street fight. i know everybody is wondering who won. dan the bear took home the trophy. or the virtual trophy. congratulations. let's get to the business of football. tonight kicks off round one of the 79th nfl draft.

analysts speculate who will be snatched up first, we have got the inside scoop on who is making the first round. former buffalo bills wide receiver and newly inducted pro football hall-of-famer andre reid. >> i'm tired, man. i ran 50 blocks. >> if anyone can run, it's you. >> i'm in shape a little bit but not that kind. not in a suit. >> what's going to happen? >> the draft is so unpredictable. i think it's going to be clowney going first. i think one of the quarterbacks is going to go maybe eight, nine, ten. >> who is the first quarterback? >> in the quarterback class in terms of the people that might be expecting this guy to go higher? >> everybody is going to expect somebody more. he should have went first. the bottom line is the team that is pick what their needs are, that's really the most important thing. what do we need right now? >> so the bills at nine, you

need help in a lot of different places. going to be a wide receiver there. who are the bills speaking tonight? >> i'm going to go with eric lebron. nowadays you have got to have a big tight end that can spread out and catch as well as block. >> so you're a position guy, not a best athlete guy. >> i was both. are you talking me me? >> are you the gm? >> i think it's the need right away. and then later in the draft you might find a sleeper here and there that can make your team even better. >> is the draft deeper than it used to be. >> yeah. >> you were drafted in fourth round. >> right. >> people would say this guy was a hall-of-famer. where are we today? >> the rounds -- there was 12 rounds when i was in the draft.

so there was like 400 guys. only 277 now. seven rounds. again, they got to do it quick and fast. it's got to be the right guy at the right place. >> andre thanks for stopping. have fun tonight. see my mission is simple, to make you money. i'm here to level the playing tealed 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. well which to "mad money." welcome to cramerica. other people want to make friend, i'm just trying to make you a little money. my job is not just to educate you, but to entertain you so call me at 800-743-cnbc or tweet me yooet jim