the web to such an extent that you're not sure whether it's satire or not. >> a bizarre and remarkable thing. >> i'm out of here for the rest of the week. do i need to pay attention to cgi? ppi this morning wanted it to be 3/10ths, it's only two that does it for "closing bell." "fast money" begins right now. "fast money" starts right now. live at the nasdaq markets, overlooking new york city's times square i'm melissa lee. apple is releasing its highly anticipated iphone x with the price tag of a thousand bucks, will it stop the widely expected iphone super cycle in its track? plus it was the cyberattack heard round the world. equifax is paying for it, down 30% since the breach one trader says there's even more pain ahead. the controversial and infamous john mcafee will be here talking about bitcoin

jamie dimon calls it a bubble. he'll explain the one thing he things they're missing about bitcoin currency in a rare, sure to be explosive interview. first, consumers are making a comeback as retail stocks are on track for their best month since last year. best buy higher, home depot hitting a fresh high today is this the beginning of a retail resurgence? guy? >> i think it is a value trap. can you trust the resurgence the answer in the short term is yes. i'll give you a good example look at foot locker. we had a conversation, i think it was august 19th or 18th, the stock had horrendous guidance, traded down. this was a $75 stock, traded down to $31 within 2 1/2 months. for all the right reasons, by the way. we said look at this stock, traded north of 40 million shares i think you flushed a lot of people out there's a very good chance you get a tradeable bounce from here

you just mentioned finish line that stock rallied today and foot locker rallied today. you're not finding these on valuation because they have no growth whatever. what you're buying them is a trading bounce that i think will still continue from here >> i 100% they're renters, you don't want to own them over the long term or invest them last earnings cycle, a lot of the names that reported decent quarters, they took off. a good company that reported decent earnings didn't necessarily take off because of the positioning. i look at the private positioning, companies with strong cash flow like a jwn, like a macy's, like a kohl's, are names i think you can buy with the option for things looking to improve in the fourth quarter but not things to buy and hold for the long, long term because it's structural decline. >> it is in structural decline, i do believe that. valuations are really attractive the foot locker bounce, and i've

been a foot locker fan, the quarter was so disappointing on so many levels it's about brands. foot locker is a place for brands it's a distribution, a department store brand that is troubling. i think that brands is kind of where you want to be however, macy's has gotten to such a level, there are assets there. the valuation is cheap but not as close as a nordstrom. maybe they get a deal done, maybe that makes people feel like, all right, the floor is in for a while, you can be in retail and have exposure there i'll be interested to see what the valuation is of nordstrom. it's hard to get that big of an equity tranche in other deals, that's a lot of money that family is willing to put in. >> the stock is up 10% in the aftermarket. it didn't open like that, it closed much worse than that. to me i think it was interesting. i said last night, there's going

to be a lot of different transactions there may be not private equity involved in some other names, there may be some consolidation, real estate transactions some places, there is a lot of value because stocks have been destroyed. other stalks, alta beauty, the stock was down 10% after a disappointing quarter. that stock was down 35% peak to trough from june to that low in late august. now it's still in that earnings gap. to me that seems like a very dangerous point. when you have that sort of sharp sell on news, it makes sense it will fill in that gap again. this is a stock trading 26, 27 times. and i think you want to be careful with some of these because if they are at a similar phase at which let's say the foot locker finish line was a year ago, you do not want a bottom on these stocks >> we talked about this at noon, you brought up an interesting point of apple and what effect that could have on retail. >> dan actually brought it up. >> i agree with dan.

>> i'll take credit for that >> that was smart, dan >> it's an interesting point this isn't just a slight -- this is a major change of apple's model. so that's more interesting >> the retail, the idea that the dollars go to an apple device and away from sweaters and shoes and things like that >> when you think about the retail business in general or the retail group, you think about the disrupters they're the ones you want to stick with the one being disrupted, you have to stay away from an investment perspective i look for companies that have low debt or no debt. if companies have no debt, they've been beaten on >> isn't every retailer being disrupted concept for maybe amazon >> not everyone. i think a t.j. maxx has their own issues on the side being disruptive, they're not being disrupted. burlington is not being disrupted per se

>> amazon is going to do $150 billion in sales in the u.s. this is a $5.5 trillion retail market there's plenty of opportunity for traditional retail to be disrupted or in the case of let's say like a walmart -- >> let's look at nike or look at under armour would you own them >> i own nike. >> would you still buy the stock? >> sure. >> it's a terrible investment. i think nike has issues that people aren't being, you know, sort of realistic about. the market share they're losing in north america to adidas, it's significant. and i think the guidance for the back half is going to have to be adjusted you could see guidance getting adjusted the stock is going to break here it's been such a loved stock to own. why did people -- which would you rather own, nike or finish line it's an easy one >> depends on the -- >> i just want to make two other points they have a great, great app and

they have a great, you know, channel online then they just did this deal with amazon where they'll have their own page there it's not going to be like going to zappos, going to amazon this is a company in interesting transition it's not just about amazon people are going to be able to ride their coattails they'll also do the stuff they do well in a bricks and mortar fashion. >> i think nike is in trouble. >> s&p made an all-time high today. i want to bring this up. under those -- home day pepot m an all-time high today is home depot now being disrupted by amazon? we had a spirited conversation we came waway with, probably no. home depot, maybe it is extended at 20 times. i don't think it is, quite frankly. they'll be talking about the hurricane helping. the other two names we said in retail for a long time, although both closed lower on the day, still trading around their

all-time highs, mastercard and visa, because there is that secular shift. >> if you're looking to get into the retail rally, there are three names still worth the try. scott, what are you looking at >> whenever a group gets so thrown out, so negative, there's always some opportunities. when you see a deal with whole foods or nordstrom, some people look for them. we look for technical setups at a good risk/reward first, macy's. macy's broke its trend and bro support right over here when it broke 33 it's been in a down trend ever since. ever since it comes to the trend line, you can short it, you can short it for the first time it's coming here i think this time it breaks above it i won't give you a blockbuster trade, but i think at 7 billion valuation only, and just about, i don't know ten times of pe, i think it can get towards 28, which would be a nice trade from these overall sold type levels the next chart is somewhere i

think a lot of people shop, that's target. what i see here is an inverse head and shoulders pattern, a nice technical setup every time it gets here, you can short it to make money for the first time it's nudging above it and you have a big gap whenever you have a gap like this, that's price void. in my humble opinion, i think that target could be bought. and i think we've filled that gap, which would mean also another nice trade i call these your treasure for trash trades, meaning a lot of people are down money. if you're not caught, you can make money with someone else's trash. but the next stop is something i think everyone should own long timber and short term. it woke up today that stock right now is amazon amazon is best in breed if you're a long term investor, you have to be in it it's had an unbelievable trend pretty much for the last decade, you can't argue with that. it did break it here for a corrective phase at this point, you look at these lines, it just got above the 50-day today, today was the day to add two positions with time this makes an all-time

high this is the quality of the group. the other two are more of a bounce type rental trade like they just said before, but i think you could make something out of that. >> scott, thank you. if you had to place a bet, dan, would it be on amazon or on traditional bricks and mortar? >> i like the traditional. i agree with his macy's, i agree with his target, i think those things are overdone. i think you may have a trade right in mid-november, when all these retailers start reporting before the holiday selling season when these things squeeze up and start to look a little constructive to me it may not be a fundamental move it may be, like scott said, a bit of a sentiment move. >> karen, you said there is a secular change in retail right now. if there is one under way, we don't really know what that change is going to look like how do we know what valuations

retailers should be trading at >> we don't for sure one of the things i like to rely on is a good balance sheet where the company is not going to get itself in trouble while they wait to figure it out. there are a number of them with good balance sheets. somebody like bth is not cheap but they control their destiny a little better. >> i like the macy's, the kohl's, if i'm a long term investor i'll definitely buy amazon at these levels this is a good entry point in amazon, i'm not going to trade it, but it's a great trade for the other three. the $1,000 iphone x, will the high price be a headache for shareholders plus the controversial john mcafee has the boldest call on the street he tells us why bitcoin could be worth a half million dollars

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welcome back to "fast money. he c equifax getting crushed today, down 15% as massachusetts becomes the first state to sue the company on behalf of its customers. >> it was that first leg down, i was not involved in that at all. it would seem to me like, wow, they've got this contained over the weekend, that seems impossible, right? or certainly the spin on it. it's not surprising about massachusetts. we're going to see so many pile-ons i just wonder how damaged is the business on a much more permanent basis. we don't know yet, things like how much they're going to sued for, anything like that. but even putting that aside, this is so critical to what they do right? and so this is unlike, you know, united airlines passenger situation. this is so critical to what they do it's interesting to me that transunion is also getting crushed today.

this is an industry problem. and clearly they have an idiosyncratic problem. they have an industry problem. >> you have an executive from equifax specifically being invited to capitol hill to testify on october 3rd you always wonder what sort of the regulatory next steps could be on an industry like this, what sort of safeguards will they have to put in place, what sort of risk management they might have to put in place that may not exist now. >> i think that is the biggest risk i mean, in general, you look at it and say, quick back of the envelope math, their direct business is roughly $200 million in revenue they did something like $3.5 billion of revenue in 2017 say that $200 million goes away, that's 35 cents impact to earnings at a worst case scenario, every consumer that uses the platform stops using it that's only a 35 cent hit to earnings >> i don't think that's the containment of the issue at all. >> i'm not suggesting it is, but if you give them an 18 times

multiples, that brings consensus numbers down >> why an 18 times multiple? >> i'm taking a few points off their average historic is 21 1/2-ish. drop it to 18, put 18 times next year's consensus earnings, discount it 35 cents, worst case scenario that's 115 bucks. >> in your view, it's a buy. >> i'm not going to give them another discount, we're right around the level where if it starts to calm down, it could be a good entry point for the trader >> i understand what you're saying i happen to agree with karen at mylan labs -- >> i'm with you. >> and it worked to karen's point. >> i feel like these are the same sorts of conversations w h >> i'm shocked it's not down more, this is where it should have been on friday. i do think this is core to their business they have a lot of explaining to do, as ricky used to say to

lucy i still think the trajectory is lower. >> it's putting perspective around valuation and trying to understand it. >> that's my point there are unknowns i'm discounting a lot of it. i'm just saying that 115, back of the envelope math, gets me there. i discount it more we're kind of at that level. i'm not suggesting that you load up on the stock. >> i saw a lot of really smart analysis like this one right here, by some of the people in the block chain community. one person wrote, joe lupen, consensus systems, he was saying this sort of hack is the very thing that will lead to the road to decentralization. that was the main thesis of his book when you think about that, the more this sort of stuff happens, you can argue like 18 times, 15 times. here's the -- it actually makes the technology more viable forget what bitcoin is doing, up or down 5 her%. >> here's the point you don't get.

it's very difficult for a lending institution to shift gears. >> why is it difficult >> technologies. perfect example, we have an account coming into town, we made a phone call to them. the question was are you going after their market share aggressively the response is no, because it would be a wasted effort it's very difficult to it these lending institutions to move the needle and shift gears all they want to do is lend money. they don't want to go through a process of shifting gears and going to a totally different platform to do the credit analysis i don't think it changes from a business perspective on the consumer level, very different. you're talking about $200 million of potential revenue >> the people who want to take out the loans are asking the banks, who do you use, i don't want to use that credit rating agency and there is a shift from that >> but to have a major lending institution shift from the standpoint of shift gears and start using a different product altogether, that is a massive

undertaking. i don't think it happens like that >> do they have enough data to start doing it themselves? >> look, i agree that's something you could throw out there, agreed. that's a different issue altogether, but you're right, that could occur >> it's interesting, the markets might do it for them in the form of bk's block chain and those -- >> they may not have a choice. >> this goes back to jamie dimon yesterday. the reaction to his comments were interesting, people were like, my goodness, this guy sees the potential of block chain disrupting his business. i thought it was a little hyperbolic, a guy who goes on tv and talks hyperbolically >> let's switch to the apple aftermath. the stock falling a percent today adding to yesterday's losses after it announced the new generation of iphones and the apple watch, the iphone x

capturing attention. should it lead to a super cycle slowdown dan, you had this thought on the call today >> you keep saying $999 for that phone, it's a 64 gigabyte phone. no one's going to be buying that i rooklooked at my iphone 7, i 128 gigabytegigabytes, i have 1. apple has a 64 gigabyte and the 256. the 256 costs $1150. i think the pushout of this thing to november 3rd, they're going to have very, very limited supplies then if you bought a 6s or a 7 in the last year or so, you're not going to be upgrading to the 8. the 8 is actually the 7s, a massively evolutionary phone i'm not making a big bearish call this company gave aggressive guidance for this september quarter. i suspect a bunch of that will be pushed out in the quarter,

and let's see how much of this x they have and what the demand is where is it growing out? with china interested in this? china has been down in their sales five consecutive quarters. does this get china back online? i think there's a lot of questions that need to be answered that said, it's fine, they have a lot of interesting products, the home pod is interesting, the watch untethered is very interesting. going back to your comment about retail in the next few months, apple will be there taking a lot of retail dollars. >> it's your comment that we're all commenting on and agreeing with, but you have to wait until holiday season comes around. >> it's here, according to you >> it's a hundred days until christmas. >> no kidding. >> apparently. anyway, if you're going to start hearing from retailers, their pressures, analysts say people were spending money on phones and not on a sweater for you >> that is the weather excuse,

in my opinion. if retail were to miss and use the apple super cycle somehow impaired our ability, that to me is pretty lame it might be true, by the way quickly, good job by you yesterday at 1:00 saying, is this a sell the news event you were baiting me into the apple thing, and you were correct, number one. number two, you have ten phones left or ten gigabytes left, it wasn't clear to me number three, we said how do you trade apple, we looked at micron, for the last couple of months look at what that stock did today. one trader is betting chip stocks will be sent surging by the release of the new iphone. dan? >> semiconductor etf, there was a bullish role up and out, a longer dated one to open today when the etf was trading 89.70, there was a seller at 15

cents. they rolled up to november 95 calls buying 10,000 for 60 cents, those break even at 95.60. that's 6.5%. we have a quick chart of the smh. it's right back at the all-time high i suspect this trader is looking for a little leverage to the upside >> thanks for that for more options action, check out fridays, 5:30 p.m. eastern time coming up, why are media stocks surging today we'll break down the market mist i'm melissa lee, you're watching "fast money. here's what else is coming up. bitcoin is getting flack from all sides the controversial john mcafee says all the bitcoin haters are crazy. he'll be here to explain why in a rare interview guy adami is bringing the heat, catching a health care stock that's up 35% this year

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welcome back to "fast money. another record day for the markets with the dow, s&p and nasdaq all closing at new highs. more than 22 million americans are expected to cut the cord this year, sending traditional media stocks reeling. we'll tell you which companies could get hit the hardest. plus the one stock today that guy adami is calling a screaming buy right now. what has him so fired up does he look fired up? >> fired up! >> he's always fired up. >> bitcoin under pressure, falling below $4,000 as china cracks down on crypto currency

and calls for a bubble are growing on the street. seema mody has more. >> reporter: melissa, that's right. it prompted a heated debate on bitcoin's future >> governments, the first thing they do is form a currency they like to control the currency they control through a central bank they also like to know who has it, where it is, where it's going. right now they look at it as a n novelty. they love technology wait until someone gets hurt wait until it gets used for illicit purposes, which is it is, somewhat they close it down >> reporter: dimon pointing to regulatory pushback from china in january china made up over 90% of all bitcoin transactions. now it's down to about 8.5%. that according to crypto compare. bitcoin has got bashed by a

critic who said it should be worth half of what it's worth today. another says he's not a fan. there are plenty of believers. one says his target is 6,000 by the middle of 2018 despite the monster run, bitcoin is trading 20% off its highs other crypto currencies have tumbled in recent weeks. ether has dropped around 25% digital cash is down about 30% guys, dimon says he would fire any traders at his firm who were trading bitcoin. >> because they were stupid. thank you, seema mody. our next guest says bitcoin could soar the always controversial john mcafee, great to speak with you. >> thanks for having me on >> how do you get to $500,000 in

three years? you've got a bet going online on that >> yes, i do people are calling bitcoin a bubble that's bursting keep in mind two months ago bitcoin was at $2900 people were saying it's never going to hit three it hit four and it hit five. if you look at the long term trend of bitcoin, it has been consistently up. who cares if it drops a thousand dollars from 5,000 after it went from 2900 to 5,000 in two months it's still a hit from what it was two months ago my company is one of the largest miners in america. the nice thing about mining is, it doesn't matter what the price of bitcoin is, we still make money. there are fewer competitors for mining and the difficulty rate address

decreases. we simply mine more coins i know what the price of bitcoin is and it is consistently increasing people say, oh, wow, the bubble has burst. >> most people who even call bitcoin overvalued or what have you, they are believers as well in the block chain technology. these are two separate issues. why is it that bitcoin has to rise to these heights because you're a believer in block chain, as you believe? >> i don't think that the bitcoin rise has anything to do with belief in the block chain it simply has to do with the belief in crypto currencies. i mean, once you start using crypto currencies, whether it's bitcoin or monero, it doesn't really matter. you see the facility you see the ease of use. you see that without a central bank control, the value of that currency depends upon the users of that currency and why is bitcoin growing so fast it's getting more users, more

people are believing if i do a transaction with a credit card, i have to put in my name, my address, my credit card number, the code on the back, my billing address. that takes five or ten minutes, especially for someone my age. but with bitcoin it's 15 seconds. give me your wallet address, here's the amount, done. once you see the facility of crypto currencies, once you see how fast they are transacted, suddenly fiat currencies, credit cards, central banks, make no sense whatsoever >> maybe it's too easy, john i'm sure the government would like to track where this bitcoin is going they would loveto tax people o this if you use bitcoin, you may not have that sort of paper trail, so to speak, as to where people are making revenues or earning money. are you concerned that government interventions in some way could actually slow this down >> it can slow it down there will be government interferen intervention why? things like monero, which cannot

be tracked at all, when they start using these things, suddenly governments are going to start losing income tax revenues and they're going to panic and they're going to say, this is against the law. but how do you stop something that cannot be stopped this is not something unique to america where you can shut it down i mean, i can use the tor browser or the onion browser and access bitcoin wallets all over the world and no one will ever know the government does not have enough enforcement personnel to ever stop bitcoin, monero, lifecoin, all the others they'll have to face reality and find some other way to raise revenues this is a fact >> john, most people know you as a cybersecurity pioneer. they know the firm that is named after you. in between that time and now, you had a very interesting life, and naturally some reports say that, you know, the insane life of john mcafee, that you once

lived in belize, which is true, allegedly got caught up in drugs and other illegal activities bitcoin has a bad rap of being used in the underground, that's why people use it, they want to conceal nefarious activity do you see that potential, are you concerned about that as attracting government regulation >> no, not at all. i mean, i'm still a security specialist i keep track of the dark web bitcoin is very seldom used anymore on the dark web. it has been replaced by monero as the currency of choice. because monero is absolutely anonymous, cannot be tracked by the sender or receiver of any transaction. they're literally invisible. it's not bitcoin itself but crypto currencies as a general group of things that are being used on the dark web and that will always be the case bitcoin used to be the one because that was the only one available. but not anymore. so bitcoin is sort of out of the dark web and into the light.

and 99.99% of its use is legitimate >> so you know, john, i don't know if you know about this, but jamie dimon watches the show pretty frequently. he's probably listening to us right now. would you want to place that same bet that you made on the internet with jamie dimon, for instance >> i would like to say this, mr. dimon. i respect you, sir, for your position people who rise to your position are not idiots however, sir, what is -- you called bitcoin a fraud i'm a bitcoin miner. we create bit coins. it costs over $1,000 per coin to create a bitcoin what does it cost to create a u.s. dollar? which one is the fraud because it costs whatever the paper costs. but it costs me and other miners over $1,000 per coin it's called proof of work. we have put massive amounts of

super computing power and electricity in creating these coins. surely there's some value in that work that we did to create the coin and the fact that bitcoin is consistently growing in its use and its value has to say something. you know, sure, it will rise and fall and it is highly volatile, as all new technologies are and at the same time, it is certainly not a fraud. >> so you're pretty sure that you're not going to lose this bet that you have on twitter >> no, i don't ever lose bets. >> all right then. john mcafee, great to speak with you, thank you >> thank you >> karen >> yes well, 500,000, that would be fantastic for any bitcoin owner, which i am i believe in the bitcoin story i don't know -- i believe in the crypto currency story. bitcoin is at the moment the most likely winner but i think we have not seen -- i don't think last month was the

peak of market cap >> i think the most important take away, and i thought that was a good argument, was the net effects of currencies. the more people use it, the tougher it will be for governments to shut it down, that's the most important use case i believe for actually transacting. >> he never loses a bet, he says let's hope for his sake that he doesn't. >> let's hope so still ahead, the biotech battle brewing between allergan and mylan. we'll bring you all the details. plus guy has made his way to the plaza. he's warming up to pitch the stock that is already up 30% this year. find out what iits when he delivers his fast pitch. reserve cardmembers to scout the world to find my next vacation. elton, what are you up to? i'm having breakfast in uganda. uganda be kidding me, elton! it's a... it's a joke.

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veterans with a live show aboard the "uss intrepid. we want you to be part of the experience join scott wapner and the halftime traders for live trades and market analysis. the halftime report on the " "intrep "intrepid," e-mail cnbc.com. welcome back to "fast money. a biotech battle is brewing between mylan and allergan after the epipen maker accused allergan of taking advantage of native americans meg terrell is in brooklyn for the story. >> reporter: we're here in brooklyn for the martin shkreli bail hearing, who people know

for his actions around drug pricing. that wasn't of course what he was convicted of last month but some jurors were mistakenly thinking he raised the price of the epipen that was mylan an interesting case that allergan brought on friday if you recall, allergan announced it had transferred the patents to a native american tribe. that is because this tribe apparently has sovereign immunity against a certain kind of patent challenge. mylan is one of the parties challenging allergan's patents under that system. in a court filing mylan saying, essentially, desperate tactic by allergan that further demonstrates its patents are invalid, mylan saying it will vigorously oppose the delay. we reached out to allergan today. any response it has to mylan, it clarifies of course that this

challenge has no impact on another challenge through the federal court system that mylan along with teva and acorn are also challenging allergan over guys, this is a really interesting case that allergan has brought. the pharmaceutical industry is watching closely if this goes well for allergan, other companies could follow including lilly. >> just to break it down further, basically mylan wants to challenge this because this is a loophole other companies could use to protect other patents and drugs where is mylan wants to make generic versions of those drugs, and if the patents go away, they're closer to market with jegeneric versios >> reporter: that's right. there's the traditional federal patent challenge system they're going through. there's also this ipr challenge. mylan is challenging allergan's patents on both of those allergan said it was trying to

get rid of the ipr because of double jeopardy. mylan mostly brings generic drugs to market other than the epipen >> meg terrell in front of the brooklyn courthouse. a fascinating story. >> crazy >> it's genius brent saunders is probably one of the best ceos around. this is genius on his part from my perspective, we'll let the courts decide. the courts will ultimately make the decision do you remember how all of these came up? this is kyle bass who filed all these and the generics have filed suit on it let the federal courts decide at the end of the day i looked at it and say, allergan, buy the weakness it's a really solid company. >> i find the optics fascinating. how can mylan with a straight face be concerned? >> with native american sovereignty. >> about native americans, right. that seems absurd to me. i understand it's about the patent >> concerned about the native

americans but not concerned about how much they pay for epipens. >> right >> it seems ripe for some sort of additional regulation >> moving on >> let's move on >> it's your time to shine, guy. it's time for everyone's favorite segment, the fast pitch. one of the traders will pick this up. when we're done, the traders on the desk will vote on whether they're buying or selling the pitch. guy adami is up tonight. >> here i go i'm going to tell you my pitch the pitch is thermo fissure scientific, comes out tmo. dan, know you're familiar with this name, i know karen and david are as well. let me explain why if you believe in the science behind the therapy, then guess what, you have to almost by definition like tmo. why? they make all the instruments that support it. valuation, trades at about 18 times forward earnings, has 13.5% eps growth rate.

they have four distinct businesses life science solutions, analytical instruments, specialty diagnostics, and lab products and services. they're that diverse four different units, effectively trade or give them about a quarter each of their revenue stream what else? they just priced an 8.8 million share secondary through goldman sachs on august 8th at $171. look at what the stock has done since then i'll show you right now, if the screen works for me. the stock has been off to the raises ev races ever since morgan stanley, $220 price tag if you believe in card t therapy, you have to go with the leader in the space that supports it and that's tmo >> interesting does anyone have a question for mr. adami? people are speechless here at the desk, guys, for the first time ever. >> that's a vote >> let's vote. >> i'll kick it off and say, i

am a buyer of guy's pitch, that was a great pitch. i'm a believer in the card t side near term you may see it trade sideways to maybe down a little bit. you'll probably have a better entry point. you've seen a lot of money climb into it. i think it goes where also for the near term. you can buy this at cheaper prices but long term, guy, i'm with you. >> i'm a buyer guy, nice job. it's not crazy >> i thought he did a great job. but i thought the whole thing is kind of meh. you could buy it at 171. >> so you don't agree right now. so you have two. are you out there buying guy's pitch? vote if our twitter poll right now at cnbc "fast money." we'll reveal the results later in the show. breaking news on martin shkreli, ayunisget to that after th brk.st ted

breaking news on martin shkreli. let's get back to meg terrell in brooklyn meg? >> reporter: melissa, martin shkreli's bail is being revoked. he's being remanded into custody and he's going to prison this according to reuters. we were outside the courthouse when this came down. we'll bring you any more news. the news is martinshkreli is being remanded into custody, heading to prison before his sentencing, this of course having to do with these facebook

posts of his around hillary clinton. the judge earlier, when i was in there, essentially saying this facebook post offering $5,000 to grab one of hillary clinton's hairs, she called it a solicitation of assault. we are expecting shkreli or at least his attorneys to come out at any point >> meg, this is simply because his bail has been revoked, he wasn't out on available, they're revoking the bail. this is temporary, still, for all intents and purposes >> reporter: well, that's right. he is being remanded into custody and he is going to go to jail he hasn't been sentenced yet, so that will need to happen but his bail has been revoked now. >> any idea as to where he is headed >> reporter: no, not yet we don't have details on that. and we'll be looking for those, we'll bring you them when we hear them. >> all right, meg, we'll check in with you. we're awaiting comment from martin shkreli's attorney, as soon as he comes out of the courthouse we'll try and bring them to you. we were discussing this on the

desk your reaction? >> it's such a crazy case. you kind of have to wonder how is a guy like that going to fare -- >> in prison >> where he can't screen himself. >> i remember when you and meg interviewed him on the set right here, how long ago was that, a year and a half ago. when you think about it, biotech stocks were at all time highs. this situation has shed a lot of light on the segment we were doing about allergan and mylan this dirt bag going to jail, in a lot of ways, is a good thing for american citizens because there's a lot more scrutiny on drug pricing, there's going to be good regulation on this sort of stuff at the end of the, enjoy yourself there, pal. >> i agree first of all, i don't think it was a good thing that it was brought to light i think, look, what he did was egregious. what he did was totally off-the-cuff i look at his behavior during this entire trial. absolutely disgusting. the fact that they're actually

throwing him in jail right now is i think 100% correct. and i think the kid is an embarrassment. hopefully this will humble him >> maybe it's a good thing he's an outlier in terms of how he's perceived, not like every single -- >> you look at it and say -- >> -- in terms of behavior getting back to the original discussion, what this has brought to light for the industry, it seems like there has been a lot of self policing by the industry in terms of drug pricing at this point, nothing else has come down, though, actually nothing else has really changed. >> self policing a lot of it brought some of the spotlight shown during the election obviously we talked about mylan labs earlier in the show i guess it's a good thing. people are now, if you're looking for a trade, people are realizing that the valuations and the science behind many of these biotech companies actually makes sense and the science actually works that to me is where you should value this if being a jerk was a crime, there's a very good chance i would be in jail

>> the jails would be teeming with people at this point if that were the case >> correct >> correct ahead, go right now to twitter at cnbc "fast money," we have the results after this along with final trades.

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hit could be the next big thing i should totally get that domain name... get your great idea online too... get your domain today, and get... ...a free trial of gocentral from godaddy welcome back let's get the drum roll going. it is time to reveal whether or not you at home bought guy's

episcopal for thermal fisher cue the dirty dancing music, it looks like guy won you over. >> there you go. now you have to watch me dance for 45 seconds >> time for the final trade. >> so i like the technical call on target. it fills a gap >> i'm seeing short equifax. could it bounce? of course it could but i think there's something besides the obvious issues that are here, i think there's something bigger than that >> the music is horrible >> but he won. >> if he lowest, it would have been worse >> allergan, brett saunders is an amazing leader of that company. i would be buying the weakness in allergan. >> oh, you have a question for me feels great. i like to win. what's your favorite patrick swayze movie

>> ghost >> really? >> i'm like the only one i know besides dirty dancing. >> red dawn. >> okay, red dawn. >> my final trade, dance with the girl you brought to the prom, tmo. >> thanks for watching see you ck abat 5:00 meantime, "mad money" starts right now. . my mission is simple to make you money. i'm here to level the playing feelgd for all investors there's also more work and i promise to help you find it. "mad money" starts now >> hey i'm cramer welcome to "mad money," welcome to cram america. other people want to make friends i just want to make you some money my job is to teach you call me at 180-0343 cnbc