>> that was fun, yeah. >> okay. >> that does it for us on the "closing bell." thanks, to our panel resultan and kayla. >> "fast money" starts right now. >> "fast money" starts right now. we are live from the nasdaq market side overlooking new york time's square. hello, our trainers tonight are tim see more, guy adaadami, all the usual suspects. is the best deal of all times possibly back on? reports that we're going to tell you what the massive deal could mean, the tech's next move. plus on the eve of the crash anniversary, a stern warning from the former head of the sec

on the dangers that confronted every regional investor and why we could be closer than you think to another crash. and heavy hitter, david icoeinh is swinging back, but first, stocks closing lower today. ending the day near low, in what was a one-two punch for equity. then you had crude hitting the highest level of 2015. the question is really simple, folks, just how much higher can rates go? also oil before selling the stock picks up steam. so great to have you guys. i'm going to kikt off with you here. when does it really start? >> in terms of the ten-year rate, that's really important. rick santelli talks about it all the time. on the upside, tim seymour talks

about two and a quarter being resistant. we are smacked towards the upper end of that range. i will say this, the low in the tlt was basically the same low we made in early march. 121.5 give or take. i think the reversal was interesting. i still believe rates have lowered. all this from here to friday, it's a lot of noise in my opinion. they will tell the tale in my opinion before the rates go up over the next month. >> why do you say that? >> i have been in a camp of deflation for a long time to me rates go down. >> welcome andy. the guy has been right. what's interesting right now, i love something about oil. a lot of the charges see oil has been more of a recent move. some of these trades have been big trades that i think are starting to move and remember, the last two, three months, we have been dealing with the

dollar trade. but the dollar has come up a little bit to me oil was a part of the rates group. oil would throw and force it back in january. because the deflationary force of energy prices are pulling down full total inflation. it forced a lot of the central banks to move that much more. was oil a dollar? we all know the supply issues. i would make an arc the oil guys and analysts got it wrong, because they are too close to fundamental also. in fact, this was a macro-trade. what's happening is oil is squeezing higher despite the fact that inventory numbers get worse and worse. i would say the line in the sand is somewhere probably look at where we were before the opec meeting. the 200 day moving average, that may be where we are trying to get to. if you think about oil price, they tend to follow long-term averages. everybody looks at the future

spurt. so you get back to long-term averages. i think 55 is your line in the sand. i followed brent but i think 75 is where we're going. right after the opec meeting, when things really fall down. >> that comment that it comes off here. people are questioning whether or not the strong dollars has peaked out. what do you think? >> we had the peak back in the end of january. i actually think the dollar could get stronger here t. dynamic you have going only here, you have inflation in the u.s. and basically where the fed wants it to be. inflationary expectations are rising as the price of oil rises. so what does that do for the market here? what it means is that the fed could be quicker than we thing. >> that is at least if line. now you have to say the fed hit

both the goals, where are we at these rates? that could push rates higher, which makes the dollar go higher? >> why isn't the rally higher today? >> i was wrong, you're row is going higher. it was a long trade last week. >> there is a bigger macro-trade, a long line of your long europe trade short the euro. if you watch that trade, you are starting to see people cover your euro shorts and get out of european equities. look at rates in europe. look at portuguese and spanish rates. you will say 2011 b.k. zbrees worrying everybody there will be contagions. >> i thought you were going to say 2011 again. >> future repeating itself. grasso you are up for this one. >> sure. >> why don't we look at the charts of the s&p that has what

do you say? >> there are a lot of correlations off the table. the guys were talking about the dixie you're. >> reporter: you have to look at a bunch of things off the table and what is still on the table. let's look at something we do know about. you have your moving averages here. here's the 50. this is the 100. this is a 200. you want to look at it on a macrobasis. that's october 2014, the major break. are we going to see that again? that's what investors care about t. problem is these correlations off the table right now, no one knows if they should buy or sell u.s. equities. so let's look at the all time high. let's look at it as 2125. >> that as any technician knows will be a resistance in the marketplace. so the port is going to be the 50, the 100 and the 200. since we reached the 50, you have to look towards the

hundred. 2069 so most people think this bull run could be over short term because the market is making a series a little lower low, a little lower highs. they screwed us up last week. they threw in a higher high. so that really took the bulls off kilter. you want to look down here for a major telloff. if we don't get that, this is where we pop through. look at that time marketplace, 2025 resistance, scent 69 support. >> can you give steve some fuel to this cease-fire the fact that the russell starting to break down. we talked with tim yesterday. 120-ish the big support broke there today. the transports have been an under performer since november-ich when they topped out. i like t 1r50i6789 doesn't seem to want to go higher. if those things continue to break down, i don't know how the s&p continue to follow.

>> bk, long time listener, first time caller. i got a question for you. you are on the floor all day what's the sentiment you get? to me the stockmarket looks scary, because there are so many different things going on. what itself sentiment that you get from guys that you talk to all day? >> overwhelmingly negative. few look at this chart, everyone has been negative since there. so you are betting against the house basically in their eyes. the other thing to keep it as a point of reference is, even if we go down an test this level again, we are only seeing a 3% sell-off. what you really want to see is that 10% sell-off. >> that brings you dun to 1,900. >> that will scoop a lot of peel. most people don't think it can happen. you know the market sets up to hurt the most amount of people in any one time. this is what contaxpayerians are

looking for. >> the bottom line here, are you buying or selling this? >> i don't think you have to do anything, frankly. look at the performance and the shakeout. facilities are significantly under performing. as you look at emerging markets, you look at commodities. the thaid trades that are working, i i don't think this thing falls apart tomorrow. >> what about you? buying or selling? >> you know what, i am net short market. net short for the trade. you want to have a lot of -- i don't have a lot of positions. one smart way is half of what tim talked about, short utility and long financials, because if you get higher rates, the financials should do better. some of the smartest guys i know are doing that.

>> what about you, guy? >> not me. >> we're talking grasso. >> he is. i think you have opportunities in individual stocks t. stock to me is way overdone. i thought that quarter w 85tial, it's between 77 now. i think you look at a shot on facebook at 77. single stocks that have done well throughout. we talk about blackstone all the time this saturday's article was all the things we have been saying for the last six months. behrends says 40 bucks, i agree. >> i am blue in the face waiting for that sell-off. i sold 80% of my position at this point. i do think we will see a 10% correction. nothing is going to be spared. so i think you will lighten up at these levels. >> correction 10% or more, that's a bold call. >> i don't know if it's bold or not. >> keep trying. >> try and try to eventually get it right. up next, big earnings on deck

herbalife out with earnings, how can you profit ahead of tomorrow's open? plus is tesla going the way of the used car salesman? why going downstream should take us a whole lot higher. no slacker. whoa, commodity king dennis scott. this is a family show. den nit gartman is taking on hedge fund heavy hitter david einhorn. will you not want to miss that. we are back right after this. man: you run a business.

could be any kind of business. and every day you've got important decisions to make, like hiring. where are you gonna find those essential people you need? with ziprecruiter, it's simple. we post your job to over 100 job boards with just a single click, so you can reach millions of qualified candidates. then we'll give you the tools to help you manage, screen, and rank your applicants, all so you can find the right one. try zip recruiter for free today. call 1-800-royal caribbean ♪ or your travel agent today.

welcome back. we are taking a look at the big winners in the after life session, herbalife is posting better-than-expected earnings. 1 between ahead of forecast. revenue fell 12%, 1.1 billion, slightly ahead of forecast. it feels like 4%. the lower expenses drove the bottom line. it's a long-term short hedge fund manager. after lowering the full year forecast after the fourth quarter, herbalife took it up a notch. now forecasting earnings of 430

to 460 a share after an earlier forecast. >> that, too, is helping that big stock. mandy, back to you. >> thank you for the breaking news, say mary thompson so herbalife is kicking off our earnings playbook for tonight. guy, how do you argue with this? >> there is nothing that says if you are embarrassed that makes you happy. this is everything the bulls needed to take the stock down higher. down 5%. i thought the stock was going to continue to go lower. it was clearly reversed. it makes it hard to be bearish north of 50%. i don't know blah the next catalyst is going to be. this is a giant chess match. does mr. akman come out and punch holes this quarter? i don't know. if it breaks $50 on the upside, then this downtrend we have been in since the beginning of 2014 is finally broken. then it's everybody's guess. >> possibly bearish. let's get more on herbalife.

herb greenberg you have been following the stock and the drama, guy was wondering whether or not akman comes back and pushes holes, what will happen? >> you don't know what will happen. people try to rich rip apart the numbers, she is going to look at today's action and looking at the numbers, the guide the first thing that struck me is my goodness did they low ball going into this corner? if you look at an important metric, you start look itselfing at sales leaders, that's of enough to go down from a quarter ago, volume points. >> that really tells you how things are going. still going, to be negative. net sales going forward for the year still expected to be a little worse tan expected.

i think what is really important, if you go into the 10q that you say do you believe the world class volume certain revisions to the marketing plan. in other words, they're resetting their modem. that's still happening. this was a great quarter for them optically. optically. remember, it is a a quarter. you still have to go forward. i said every single time i came on with this, probably two years ago, do you meanary cnbc.com. >> that is what is going to count here. that's really going to be it. >> help us understand the time line. what is the catalyst here. where is the next place that akman goes after him? what are the things that you should be looking at? at this point the stock tried the price in negative earnings growth, after missing or beating on the top line, the footballs

sequentially is enough to take this stock up much higher. i don't know what the activists have to say about this. >> i saw what he said, things were going to fall, eclipse, that would be the end of it. in quarters. you don't know what it's going to be. in the end, i keep coming back to the issue, what is the sec going to do, not just for herbalife, for the industry. if they tweak the rules a little bit. >> that affects everybody and affects this company going forward and how they earn. >> we are watching the sec then for their reaction. thank you very much. herb greenberg there on the line. next up. beating on both the top and bottom line. >> this to me is a company extremely exciting. alone could be 50 gigawatts. it's something we ultimately think if you look at where their business is going, especially the most they put around their business and the utility, prices are coming down. the utilities are trying to fix

charges to residential customers. oil prices are moving higher. if you look at the chart, somewhere between 50 and $52 is where this stock struggled with lower oil prices, we seen they have taken this up, ambivalent after hours, ultimately, people will reassess. there is a lot of optionality. the core business grows in terms of demand. i stay long. >> you stay long. moving on to electronic odds. beating on the top and bottom line. b.k. >> this is a stock absolutely on fire. they do dragon. >> i carn get enough. >> you almost missed the show because you are a player and, of course, matt. they have done well and they have some catalyst coming up. in november, they will come up with a "star wars" game right before the disney movie. i don't think it's able to short this thing. it's up, it's at 52-week high, i

don't think you take profits. i think you ride it all the way to november. >> i didn't know you were a gamer. >> i'm a gamer. are you kidding me? i bring my pal every day to ""fast money"." >> all right. the dragon. >> you are pale. >> okay. dragon player. coming up next, sales force story nearing another near all time high on reports that microsoft could make it to the clouds, why one of our traders say this could be one of microsoft's best moves ever. >> that is coming up next. later on, we go live to miami to american america's technology reporting one company taking the pricks out of needles. that's coming up. make sure you stay with us. over 20 million kids everyday in our country

lack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started to provide access to healthy, affordable, kid-inspired, chef-crafted food. we looked at what are the aspects of food that will help set up kids for success? making sure foods are made with high quality ingredients and prepared fresh everyday. our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. working with citi has also helped to fuel our innovation process and the speed at which we can bring new products into the grocery stores.

we are employing 1,000 people across 27 urban areas and today, serve over 1 million meals a week. until every kid has built those life-long eating habits, we'll keep working.

>> is the biggest deal in picks still on? reports that microsoft was indeed picking up. the s&p come out apparently in acquiring sales force. but microsoft. >> there were a short list of companies that could take out this company. crm is a cloud based name. up until the last couple of weeks last month. this is the way you play it. i don't know few bet on who will take it out. you play it being wrong crm. if you see the way it popped last week, it hasn't held on most of the games. you have to use a we will hef day rule. if you have to buy this stock, you buy a quarter position. you hang on until the story continues. but the story definitely looks like it's got a lot more life to

it. >> i think that's 100%. you go too long crm, you can count the two-day rule. i wouldn't count them out. microsoft certainly wants to compete and there is oracle. you have multiple buyers coming in here. multiple potential buyers coming in here. that's why you stay long crm. >> give tuss best combination. >> i would for me i would think it would be me microsoft. >> up next is disney coming out swinging. after the company beat earnings estimates this morning. cnbc "squawk on the street." unbundling for the consumer. let's take a listen. >> when you unbundle broad band, broad band costs will go up. a lot of consumers are buying the bundle, getting broad band bundled with that at a bargain rate. when gow to a skinny pack annual, will you have to pay for

broad band separately. >> that will be very expensive. so i haven't seen a skinny pack thaj in my opinion creates great value to the consumer yet. >> how much do you know about skinny packages? >> i tell you what, i will stay away from that term. you go to a restaurant, wife? it's more expensive to get one $22 dollar. that's what it's coming down to, right? >> disney has a stand alone product and in their media, where i think they could clearly be a skinny package a lot of people would want to b pay a premium before what ethink about the cable company, i think there is too much in terms of the pacman, who is going to eat the other guy first. a lot of that is in play.

netflix think about hbo. they claim they can close this in an unbundled world and excel. >> for disney, the great quarter, initial rally. sell off late t. pattern off earnings has been a couple days sell-off. within a week or so, the stock is making a new all time high. people try to shoot against disney on valuation. they've tried to do that a while. i understand it's expensive. i understand there are not a lot of disney. >> so you like it as well. >> what you are paying right now, is you are paying more for a dollar earnings today. does 2015 look like 2005 in terms of the global economy? probably not. i think with the way it traded today. >> you are paying for the back loaded contest. they own the calendar for

moody's going forward. there is no lack of content coming out of disney, even when you talk to other people. >> 2005, it's not even close, few lock at lukas, marvell is, frozen, these are not skinny packages people. >> wait for version two. okay. next stop tesla, ceo, elon musk. >> i don't agree with the 350 price target. i think that may be a little piaa in the sky. i do think you stay long the stock against 225. something is said now for quite some time. technically the stock has done everything you said it will do.

they report tomorrow after the bell. we'll see, i think the trade sets up well. >> earning, we will be watching very closely tomorrow. after the break, commodity king gets us fired up over david einhorn's presentation yesterday. he's taking a hit in the past. why the may fast crash could happen again, sooner than you chicago joining us live on the flesh press anniversary. >> that is straight ahead.

by the time police arrive on a crime scene, they could have little to go on. a vague description. a single piece of evidence. a partial plate number. with an app from ibm, officers can now access over a billion police documents to find hidden connections, and identify potential suspects. ibm analytics helps one hundred thousand officers work smarter every day.

welcome back to ""fast money."" i have your mixed report. the oil and gas company reporting a loss of 3 cents on earnings. in this is an estimate. now you see the stock down slightly after hours. over to you. >> apart from earnings, they made headlines, david einhorn said the company was short.

it gets people all fired up. let's take a listen. >> ovbl of course, oil price aren't expected to stay at 59. there is the current forward curve or strip for wti looks like you can see prices are expected to recover in the long term. >> joining us to explain why einhorn is all wrong on oil is dennis gartman, editor of the gartman letter. you are smiling, you are obviously happy about taking einhorn on. tell us, why is he wrong? >> you learn you don't tug on superman's cape and you won't with millionaires. it's not a good idea. he is wrong about this. the term does not predict where prices will go. it only explains where there is an abundant over supply, where you have, mr. einhorn is trying

to explain, futures at a premium nearby is an indicator the market is saying to crude oil, there is too much of you around, we are going to pay you to go into storm, all of those term structures explained is the cost of storm, nothing more than that. there is no predictive term storage. dr. bernacke got that wrong. he said the crude ices of crude oil would fall. they exploded to the upside. david einhorn misunderstood it completely. i hope that's not the reason or the pred cakes for his position on the frackers. if it is, he got it wrong. i suspect that's a part of his argument. i want to explain the term structure and futures do not predict where prices will go

never have never shall. >> when i look at this, the guys that trade this space sector specific in energy, they don't agree with how david got there, but they agree with his premise. they don't agree with the names he is picking. there are other names that you could pick. it seems to me the overarching opinion that he has is accurate just the way he gets there on his calculus people find a little questionable. >> steve, you and i have been in the busy a long time, sometimes you can get the idea wrong. you can get the thesis incorrect. if you get the price direction correct. you are the winner. i am jaundiced enough to understand that to be true. i think he is right on the thesis on the trackers, they are not as profitable and they have problems with earnings. i want to point out the one spec

point that he made yesterday that the futures markets were predicting higher prices is simply not correct. >> let me pin you down, though, give us a number here. where is oil going? if i take you back to 2014, you said the era of oil was over. you saw crude potentially going to $10 which raised a lot of eyebrows at the time. what are you calling now? >> i think the rally we had first of all, i made that statement when crude oil was above $95 a barrel. i probably $10 was a bit extreme. sometimes one has to make those types of statements to get any credence at all. i think the rally we've had thus far has just been predicated upon the decline in rate numbers. i don't think the demand has been that strong. few made me do something right now, i'd rather be a seller of crude oil than a buyer at this point. no question. >> be a serial, rather than a buyer. mr. gartman, thank you as always

for joining us. >> i take a slightly different view in all this. as long as these companies are producing growth over returns they're very interesting. they're interesting takeover targets. that to seems to me what's going on in the entire sector. so pioneer to me is somebody that's very attractive. that's what a lot of these guys are doing, the u.s. phase, it's all about dressing yourself up for sale. these guys are interesting takeover targets. they will continue to be. it will convince people that model actually works. >> the big movers of the day. aol is down 50%. >> goldman got earnings attention around the street. it's fought seen as cutting edge technology. it's not breaking news to anybody. although the 50-day seems to be flating out. >> health care down about 3% in

there the way it traded was terrible. the get-go went down and set flat line. there is something wrong with the stock. maybe you take a look at it. >> decent quarter. operating margins, it will grind 36-and-a-half, 37. a great movie. "road house." >> sam elliot. >> may he rest in peace. >> okay. last night superstars arrived at new york metropolitan museum of art decked out in dazzling outfits. the high fashion benefit attracted a-list celebrities doning show stopping gowns. this year's theme was based on chinese art and culture. we wanted to know how our traders lined up against the stars.

we will play a game of with wore it best? next up, andy coen arrives with sarah jessica parker, andy coen or tim? >> i need the heat meiser had she has on there. >> next jaycee and wife, who wore it best, jaycee or bk? hand down. next up. eddie redmayne, my personal favorite? who wore it best? >> i tell you what, man. dam good looking. >> italian stallion. finally, sarah jessica parker's head. well, look at the head dress. it lit up twitter last night. who was this guy? i really apologize to all the people out there. >> i didn't know you were friends. >> the genius. he keeps getting it done.

>> did you see the tail? >> i know. >> we shouldn't see it. okay. still ahead. it's been five years since they stopped the market. are the markets any safer now? the fed chair says it could be happening again. more "fast money" up next. ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank.

seaworld we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard

of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too. so open an account with schwab. and when a market move affects, say, a cloud computing stock you're holding, we can help you decide what to do. with tools that help you see how market activity is affecting your positions. so when the time comes to decide whether to scale in or scale out... you can make your move, wherever you are. and start working on your next big idea. ♪

what are people saying? now you are down 800? >> yeah, erin, they're saying, when i asked them what the heck is going on down here? i don't know, it is fear, classic capitulation. there is fear in this market. >> what you saw is a flash crash on may the 6th. five years ago tomorrow, folks, when the dow sank 700 points, initially a matter of 8 minutes just recently a london based trader was arrested. five years later, are the markets safer? joining us the former sec chaerm. harvey is here.

you say it could happen, just how likely? >> well, i think we are seeing a lot of technology glitches and if the government contention is right that a single fellow of this gentleman sitting in his parents' house in the u.k. could cause this kind of destruction in the marketplace, there is no real defense against this that's been enacted. we can have the effect of all this at least at the present time the likelihood of this occurring still seems quite large, especially if the government's position is correct. >> you think it could still happen again. but are we any safer than we were five years ago? >> i think we are safer in the fact that the markets, themself, will shut down, depending on what the transactional levels are and what the pricing is, but

we're not safer if you believe a single individual or a single trade could cause this kind of a problem. >> i was on the floor that day trading. it was complete chaos, as you can imagine. so what would you do that's different tan what happen done already and is it a case that the market is so fragmented at this point that you can't really put the genie back in the bottle? >> i think it is going to be hard to put the genie back in the bottle. but i think there are certain things. the first is that there has to be a complete audit trail for every transaction. we are getting spoofing and we're getting people putting in bid, then withdrawing them and withdrawing them at opportune times. this is technology. i think algorithms can be written to prevent this too kind of spoofing activity. in addition, the government

needs real time information. when people are doing the kind of thing, they have to be detected immediately and not just by a precipitous drop in trading. >> that to me is the single biggest thing that the government can do right now. >> ryan kelly. you allude to a single trader. do you believe a single trader caused the flash back? >> i am reluctant to believe that. i think usually to quote one of the term candidates, it takes a village to commit a fraud. so i think that there whether have to be further checking on this, but if you look at the report that was issued five years ago, there is no mention of this individual. now that is troubling. because it either means that the current version is inaccurate or the prior version of the report

didn't uncover all of the possible causes. >> we have to leave it there. it will be valuable to have your thoughts on this show. thank you very much. so. how can you protect your pop charts? we have a simple strategy mike ko using "options action"? >> i think best idea when it comes to hedging is to try to keep it simple. one of the simplest things is to look at "options action" on fty. most people's stock portfolios closely resemble the prpgs of the subpoena 500. if you look at flash track as big a decline it was today. it's actually only 9%. that's lot for a short wind climb. when we think, it's not that large. i think you should add a couple months, i would look at august

2010 189 put spread. you could sell the 189s against it. the total cost of that trade is a little over 2% of the current level and gives you protection down about 10% t. nice thing here is actually the amount this will cost you in a short period is low enough that it's almost offset by the dividends the tty pays. this is a way you can use the dividends to pay for your insurance. >> thank you very much for that. for more action, check out our live show on friday. the regular viewers would know. still ahead, the emerged conference in miami in full swing. now the gang gathering to see pitbull. a key note speech live from miami in the city on a company that's changing the way medicine

is being delivered. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this.

ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today.

we always say about 345e78

miami, what happens in vegas happens in vegas, perhaps in miami never happens. >> i love it. that was international music star pitbull at the emerging conference in miami. pitbull sound, off, our melissa lee is there live with a social guest as well, melissa. >> yeah, mandy, thanks, so much. you can see the crowd behind me. pitbull, as much as you may know armando pitbull, of course, he considers himself an entrepreneur. which is why he is here at emerge america 2015. there are so many start-ups here including the one here on set. we happened to meet here on the convention floor. it's amazing, explain what it is, this could replace and

remove the need for needles for the medicine. >> technology is completely needle free. there are a lot of patches on the market with microneedles. what we are looking to do for insulin, this is what one week of insulin supplies looks like right now. with our technology, we will make it a simple needle-free patch that will last a week. >> as soon as you start this interview, they are pumping up the music. >> they are excited, too. >> in terms of where this is in testing. there is sort of an unknown factor. what do have you on funding for this? >> we have raised well over a million dollars. with a little more funding, we have to talk to major people right now. by the end of the year, if all goes well, we can start clinical trials and be on the market in 2019. >> it's not just insulin. it's other destructions that can be deposited on a sticker that can be injected. >> that's correct.

it's platform technology. we shattered the upper sides on it. we have done up to human growth hormone about 50 times bigger than people thought we were going to be. herin. it's exciting. >> the easier to use the more a person will comply. there are broader implications, there are a lot of drugs, a patent in the far ma industry. they are looking for ways to send a patent for drug. this could be an answer. >> absolutely. they can do the repurpose an existing drug that may be an injectable or a pill, put it into our patch and get it on market in three to five years. >> give us an example how that could be extended. >> a lost insulins are going generic or facing gen erics competition. co paxone being a weekly patch.

it could work as well. >> the business developer director, tim, guy, you guys just got back. i'm going to bring back a present for you. >> oh. >> i think you'd like this. this is from devonn's company. i feel like you would be really good for you guys. like you'd really appreciate this. >> it will be appropriate. guy and i are if favor of the technology. we american with such a great event. we saw so many great innovative guys. we are in. >> you are in. >> guy will wear his tee-shirt on monday. >> i can't see you. >> i'm sorry. we have all different kind dealing with. >> i think we embody that. >> thanks, very much. it could be life changing. people have needle phobia out there. it's an incredible event. in terms of biotechs. what was it? up over 5% last week. really having a tough time.

what do you think about this sector in general? >> i think somebody or some group of people getting out of the etf. they drive individual stocks. it doesn't make it easy to own the stocks. 330 is a critical level hold. >> your first move tomorrow when we return. more "fast money" up next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company.

like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp,

an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is.

it is time for the final trade. tim. >> i will say a break of 48. i add to that. remember two times they are not places you stay forever. they are trades. i will guide you on this, 48 break, i'd buy more. >> i'm involved in it right now. you have to limit your downside risk. look at the level for your exit strategy. that's your stop loss. >> bk. >> for me, you got to go to long europe, short euro trade as we way to do it. is, in fact, a stronger euro is better for a short ewd trade. >> great job. ken austin from avian at the kill what.

i was with jim cramer today. happy cinco demayo. >> great to see you all. catch "fast money" >> 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 just trying to save you money. my job not just to entertain but put it all in perspective. so call me or tweet m me @jimcramer. it's not the direction of the move that worries people. it's always the velocity. that's been my