>> sometimes the huge banks are like that. it is not a zero sum game. sometimes one played it one way and one played it the other. people seem to like the steady story. >> michael, thank you. that boss it for "closing bell," everybody. "fast money" starts right now. >> "fast money" starts right now, live from the nasdaq market side overlooking new york city's times square i'm melissa lee. tonight on fast, the crypto carnage rages on it's a sea of red. bitcoin, bitcoin cash, eherian and ripple are reeling we have key levels to watch. plus, where the crypto baller, brian kelly? to our twitter followers and trolls, no, he isn't hiding. but he is out of the country we tracked him down and he will at the time tell us how he is trading the crypto carnage. first the dow closed above 26,000 for the first time ever

everything is awesome. apple with an announcement jumping on the trump train bringing jobs back and putting more money into the hand of the american people and turning on the faucet for corporate america to spend and invest more it is a not just awesome a stkt ecstasy, a place where money seem the grow and grow the dow on fire, surging moore than 300 point a record close the s&p 500 closing at a record, too. all last year we heard over and over the tax cuts were priced in as carpet america soaks in the benefits and starts spending, could this be the beginning of the run or as we are calling it stock market ecstasy >> wow >> hey guy quick would you rather, teigen and sarah versus barry white. >> barry white, all do i language 24 hours ago we at at this desk and said that move we saw yesterday was eerily reminiscent

of the contribution ebb on february 10th 2017 i didn't see today coming. i mean if people saw today coming good for them, because it clearly wasn't in this camp. not that i was calling the top but i thought he would have followthrough on the downside. what does that tell you? vix was up today, which i think maybe there is a warning sign there. but the things that have worked continue to work we have been on casinos now since steve wynn it was a $58 stock certain thing still work honeywell, still on fire banks earnings, i thought goldman sachs was descend. i don't think he deserved the move to the downside but i understand what people are saying is this the next leg higher? i'm not certain. if the vic had been down maybe i could play that game but the vix is slightly higher. >> is the vix trumping what we

are getting from companies, they are using the benefits of tax refor to spend money and create a whole other halo effect which we may not be putting into economic tolls point. >> when apple talks about millions and new jobs and a headquarters, blah, blah, blah, it gives you a sense of where this could be. companies couldn't give you the guidance and analysts couldn't do anything with it. the vix was largely about washington i won't so sure. but now that you get back to a market that is screaming higher with apartment least expectations that i think are absurdly high. rates up to 260 again on the tenner yao we have inflation people aren't factoring into the fedless mo. those are the concerns for this market otherwise valuing as for a lot of companies look like they are getting better, not worse. >> i want to know. >> yeah. >> where are we in this run? what inning.

>> the fifth. >> the fourth? >> the bottom of the four of the. >> plenty of upside. >> really. >> we reason is begun to scratch the surface of the next company. we her about apple today, and boy did that get everybody excited. not just for apple but the stock market began to feed of to of that boeing the last couple of days yesterday was the highest volume trading day in options in the last couple of years i mean it was huge again today. 23 million options trading yesterday, 30 million. so far on the year we are averaging almost 22.5 million per day. so the volume is there you get a 300-plus movement yesterday. that's why the vix is as high as it is. we had a 300 plus movement again in the dow we have a vix that actually is measuring what the movement is finally and that's the kind of moves we are getting in the market >> you are in the ecstasy camp. >> i am in ecstasy. >> boeing is up 19% on the year. >> how is their cash flow? >> dude, come on listen, okay it's dragging the dow up right now

this is absolute insanity. to be here saying we are in the fourth inning of this thing i am not telling you you are wrong. >> feels like you are. >> imi'm saying we can't get to the seventh inning before we have some sort of pullback here. what is going on right now is dangerous. i have not seen parabolic moves in stocks like this? long time. >> when you start to see some of the revised earnings based upon what's going on from a tax perspective, what they are able to to about with that money. some of the repatriation apple, that's what kicked thing off today. >> they said we are going to add 20,000 jobs. 20,000 jobs. that's really insignificant. they are probably retail jobs at $14 an hour. >> 20,000 anal, to,000 this company, 20,000 that company. >> we are done talking about automation, all these things that the smartest people say it's going to take over the work forces i think you are having the wool pulled over your eyes here >> 20,000 jobs here and there. ultimately -- but it gets to you

a megasport arena where -- >> on repatriation are we going to see m and a do we create jobs during m and a? does that happen. >> apple creates $50 billion of cash flow every year they have got 350 off shore. they are bringing it back. take a charge. there is nothing bad about that. as an american that's good to see. that's what they wanted to inspire. you are toth inning or seventh inning euphoria right now, business confidence consumer confidence and positioning in the market is extreme. there is no doubt about it i agree with that but the reality is that you have a dynamic on the economy side is something that people don't know where carpets are going. and that's a positive to the upside. >> fascinating conversation. really i have got to tell you something. i will say it again. the move yesterday was eerily reminisce end of a move we saw literallytwo years ago almost

to the day if you remember that day 1810 on the s&p. all of a sudden morgan at 54 you had the bond offering at deutsche bank and opec news. a three pronged attack and the market never looked back you didn't get the same negative news but the reversal was significant. and the elevated vix at the beginning and the end of the day said something the fact that the market is up 300 today, was it a lot of apples, you i have got to tell you after yesterday i didn't see today coming >> and financials yesterday. suddenly you are looking bank of america is into the green. goldman sachs stayed down. but i'm with you that's an interesting name i thought their earnings were spectacular. they missed in fit that's down 50%. i think we expect what is going to be bad. what's going to be good? when you shine the light on investment banking for goldman sachs, $2 billion. i know it's only 23% of what

they do, but still there is something there. if that turns into thick if they actually returns, they have been wrong forever. goldman sachs has been killed in that trading world they have been wrong, wrong, wrong, in the commodity space. >> it seems what apple announced today reignited the belief that tax reform has more juice and financials -- we forgot that financials were going to be the biggest beneficiary but maybe there are other legs to this and apple also saying it's going to have $2500 in bonuses in the form of stock to its employees that's another leg of wealth effect the, right, for the consumer >> no question. >> i think it's front loaded that's why the airlines and autos are kicking it because those are places where disposal income is going to go. back to the bank,est this was not supposed to be a good quarter. we are getting rid of the deferred tax benefit i think the financial thes trade great.

they are the easiest to argue in favor off. those valuations to me look interesting. i think european banks which outperformed u.s. panks by 140% over the last six seven years which outperformed them during this upswing because i think the global market is more interesting entirely. >> beknow how you feel about the market but are you net long or net short on this market. >> after friday, i am going to have net shorts that are worthless. i saw panic big. semiconductors up 3% texas instruments up 5.5% today because an analyst raised think price tart by 7% it is a going straight to the market it's not rational. i can't tell you when it's going to en. i can't call a top but this behavior is insane it's not ecstasy and it doesn't set up on january

17th as a conducive set up for double digit gains. >> wouldn't you say the semis are inexpensive in the broad scheme if you look at applied materials that are feeding into the world they are inexpensive. >> but all those stocks were up 5% for no reason other than the fact that investors are panicking in the second week of the year. >> don't you think it's the broad come call qualcomm thing is falling apart which reshuffles who could link up and where the consolidation could be everybody has a target on their back. >> you brought up qualcomm i think in terms of their balance sheet and what's going on, broad come, xpi, qualcomm on its own should be higher than it is a lot of the problems they faced to he have the last years are self inest accused i don't think people were looking at the valuation of the company properly nvidia is expensive where it's

currently trading. i don't know we are talking about that on the other side of the coin. micron and the tie log out of them that stock is cheap. >> you forget. maybe you have short memories or you are getting old. >> i'm getting old. >> i remember in the first quarter of 2000, i remember early in 2007, people couldn't think of a single reason why the markets with go down i think we are in that phase i'm not telling you to go the cash or this or that or whatever >> there is risk. >> we know there are risks. >> but it's never been like this where interest rates are what they are, volume till is what it is, we are going into global tightening phase we have a lot of geopolitical uncertainty. jan 17, it seems irrational. >> yesterday we were talking about the biggest reversal in two years. panicking, saying is this the end of the bull run. the fact we can have the same

conversation about stock market ecstasy and is the the end of the bull run in the period of two years, doesn't it tell but the fragility? >> people vuf plenty of doubt. if you think about the reagan tax cut in '86 and where we got to in 'le 7, there are analogues breaking out that do make sense. when i talk about -- being high and extreme, this is no question about. people talk about the retail guy, he is in the market, cash levels on the institutional level are place he we haven't been since probably 2003 this market has done a lot of digging. the systemic concerns here are ones where frankly from a global economic perspective we have synchronized global growth it may be late cycle but it was a cycle that was basically going nowhere until we got fiscal ifthrough. we are losing monetary follow,

getting fiscal the europe could be tightening for the right reasons. these are places to be excited and there are still places to find stocks that are not expensive. >> what do you think. >> the one thing i will say again, the vix -- i understand what pete is saying. down 300, up 300, the vix is reasonablebly trading where it should tomorrow shapes up as a fascinating day. >> what do you do. >> i'm buying thing that i think are going to participate in that next wave. i think if you want to protect yourself dan says it's doing the roll off on friday worthless but you are not net shormt i think this is a great place for people to be defending long positions >> i did panic before the market sold off and i out some shorts semis had been trading around it of the it feels irrational.

>> my discipline had me selling mr than buying in the last couple of days one of the names i bought yesterday was intel. i think it's cheap i think when i look at the growth prospectives they have got and the acquisitions they have made, and when they repatriate that will give more money to do more m and a i think there are names out this that aren't inflated and insane. that's one of them. general electric and goldman sachs are the two dow downers getting crushed today. someone on this desk says one of these names is emscreaming buy plus, the bitcoin currency having its worst two day stretch in three years tom ross will tell us whether he thinks it's safe the buy the crypto crush. the money minute vikings heading into the nfc championships this wkeeend he has a stock to buy. the name, and much more, when "fast money" returns

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gold medalman sacks posting its first quarterly loss in six years. shares of the investment bank falling 2% as the rest of the market rallied goldman warned they would take a

one time hit on the new tax bill here's a breakdown picked income down 50% overall trading down over 30%. equity down 14%. should the ceo be trading more and tweeting less. look at some of his recent posts. guy adami, he upped his twitter game >> good for him. lloyd can do whatever he wants. >> no, he can't. no, he can't did you hear me read off the declines they had across their businesses and you say lloyd can do whatever he wants? >> you know why there are declines in those businesses because spec trading has become a four letter word on wall street they are shackeeled.

book value went from 190 to 181. that's disappointing but the quarter was fine we can pick on fic and we have done for the last six quarters it seems labor they are having a difficult time the pie of fixed income commodities hasn't been good it's getting smaller w. that said, don't bet against what is going on at jay aaron and clemson commodities. >> that's old school. >> stock to book we talk about that in the financial world. we are looking at the stock and looking at the price, it looks cheap. p/e, that looks cheap. do they have growth? do they have weakness? we know the weakness they have got to improve on weakness they lost a lot of the intellectual property. three, they four guys, gare 'cohn comes to mind where they have lost folks that we thought were smart before, this stock

was 217 in mid september we were 262 this morning before we pulled back five bucks. still cheap. >> if i am an investor in financials because i believe that tax reform will benefit them and goldman sachs's new tax rate is 24% and their old one was 28%. they are not benefiting as much as bank of america why would i go with them >> you could also make an argument that the guy who is are most effective at helping other companies exploit tax loopholes aren't going to benefit. i think goldman in an area of less regulation and in an era of global growth and in a banking presence in a franchise that is still top in class is doing just fine if it's cheap here to the group, you go after it. >> i would say that's the only reason why you would take a shot relative to the others

the underperformance speaks to the fact how they used to make their living when they were earning 20 bucks a year, 2007, 2008, before the financial crisis the only way you would take that is if you thought volker and some of the regulations are rolling back this year >> do you not. >> i'm a' just saying. then you -- >> do you think they fall to pressure. >> no. >> i think you successfully skushd your invite. >> you are back at the party. >> we have reunions every year >> listen i am not a goalman apologist. i was there for a long timele i have an absolute soft spot for good reason. some of the smartest and some of the best people were people i worked with at goldman sachs guys and gals. i don't think pete mentioned to single out guys. >> you hear what he said, this desk included? >> anyway. my point is if you bet against

lloyd blank, fine. you do it at your own peril. lloyd will figure this out is he in trouble it's his job until he wants to do something else. >> every one of pete najarian's pitches have hit out out of the park he has an idea of what will be the next home run. he will tell us what it is you are watching "fast money" on cnbc >> the internet is the future of business we have to be on the internet. >> that was so 1997. now it's block chain and a.i and there is one dow stock that's cashing in on both. we'll give you the name. plus, yeah, that sums up the heat our bk has been getting on twitter. rather than run he's going to face the fire and your tweets, live on air, when "fast money" returns.

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welcome back to "fast money. bitcoin sinking below $10,000 before recovering most of its losses despite today's comeback, bitcoin is seeing a market cap loss of around $156 billion since sitting highs a month ago. while bitcoin is having its month of hell it is not the only coin that slumped. ripple losing 100 billion since hitting market highs two weeks ago. eherian and like coin plunging from their ice downtown has been volatile the past few days have marked the first big selloff since many piled into the crypto currencies over the thanksgiving weekend. is a selloff signaling more pain

to come? >> it could be just like markets overshoot to the up side. they can overshoot to the downside it has been a speculative period for almost two months now. the run up that we saw in november into december, towards the end of december, maybe it broke. the fever broke, and now it has the potential to go lower. i think what is important to remember is the people who have been in there since 2013 they have seen these fluctuations for years. this is new to speculators, people like myself, who have been gambling in it over the last year. and that's what it is. and i just want to link this up to the conversation we were having a little bit before, in the stock market today, that we are starting to see, in my opinion, some of that irrational exub rabs in single stocks the me, i think that the air came out of crypto it's likely to come back at some point. i don't know from where. but now we are seeing a little bit of that excitement in single stocks, which to me is a little dangerous. >> we separated crypto from the market yesterday i think in a down market crypto

gets killed, market does what it does up market it is very different if you look at the level, 12500 roughly on the charts was the uptrend which it violated. people love crypto because you can trade this and there is volatile it. traded the trust my sense is when i come in and what i've seen with the way it trades, it opens down huge and closes the mark. >> what drives you to sell it. >> today i bought it at 1430 and i sold it at 1630. the risk is to the upside after settling out i'm happy to be there. >>city came out today and said possible fall to 5605 to 5672? come on?

that's the absurdity that's how absurd the thing has gotten. >> crypto carnage has our next guest looking at some key levels to watch when it comes to crypto currency rich. >> melissa, once bitten twice shy. there is only one number that matters in bitcoin of the i'll going to show what it is here. look at this gray line here. that's the 100 day moving average. comes in around 8848, 8858 in chinese, eight is good luck today it worked for the guy from japan who founded bitcoin. stay with me this is over two years here's your moving average you hold, you hold, you hold i don't know if it holds it probable me doesn't hold but it is good for a bounce off of these levels this didn't look like like much on the chart you have lost half your money, 50% in just a month. he' never safe to buy bitcoin.

let's be clear about that. let's look at the etheris. here's the purple line it's only been trading six months publicly. this is the 50 day so you kind of test and hold here today once again, you are not going the sleep well at night withth warm blanket of the 50 day as your security giving something thises that a 45% intraday range like we saw today. that's ludicrous there is your bitcoin. etherian levels to watch. once again, let's not overplay it either the technicals or the fundamentals, whatever those might be as it pertains to the crypto currencies. >> rich comes over, i think. i don't know where i asked. >> why even ask. >> he is in the pantheon >> in the pantheon >> walking on. pantheon. >> rich, when it comes to these charts, what strikes me is that it feels like this recent move higher has been fueled in large part by so-called weak hams. in the stock world that would be a bad thing right?

this reminds me when there is a biotech that was going up, all of a sudden everybody and their brother owned biotech stocks then there was a shakeout, it took a long time to come back because the weak hands never re-enter the market. >> there is weak hands in stocks and what we just showed on the charts, and tiny little baby hands. i think the average age of the bitcoin trader is closer to 1 than it -- closer to 1 than of e to 45. there are people trading it because you can download an app and use a credit card and be up and running in a matter of seconds. we are staring a the greatest bull market in the last 20 years where you can double your money in one of the world's best industrial companies like boeing, which is pillaring, up

over 200% in two years and we are talking about this thing that lost 50% of its value in six months pile a is stocks which are awesome. and this is a mess of a pile here i like pile a, which is a lot of great stocks. >> is this your bottom line determinant for anything >> the only reason you use it is because it worked. people say what moving average is your favorite my favorite moving average is the one that works for me there is no method to the madness when it comes to bitcoin. but it's the only thing that worked in terms of defining support for this trend leier a strategist gave you a downside target. you take the next average, the 150 day it comes in somewhere around that 5600 level you use a whatever you use to

get into a trade use to at the time out keep tight stop at crypto tops that's the first rule of trade that's what we are staring at here. >> you think crypto is a pile of something not good. >> our dreams. >> are the crypto proxy stocks like an overstock is what i'm really thinking of, because that's really the closest thing, is it also in this pile. >> it's interesting. the stocks that have been painted with sort of the tint of crypto, square nvidia is another one. not to say nvidia is not a pure play obviously a lot going on with a.i. stock i think there are two different discussions. at least those companies have fundamentals whereas this stuff over here not so much in terms of the fundamentals. let's separate the stock discussion of course people will trade them sort of in tandem but stocks are doing just fine even amidst the carnage. >> sounds to me you hate it when clients asking about crypto currency. >> i think --

>> like why are we talking about this when there are stocks to invest in they are moving. >> i focus on institutions those are people that sort of pay my way in this world and all of that being said, i can't find a single one that has bought a single crypto currency for the fun. >> they are asking you because they want to. >> they are asking me because they own it in their personal accounts they are traders look informing ar personal shortcut, they are gambling >> some of the smartest people in finance, in technology, in investing, they are fascinated by this stuff. they are fascinated by crypto. they are fascinated by the block chain. you talk about fundamentals of these things they don't have any cash flows same thing about web 1.0, and pretty big winners right now bitcoin happens to be the best use case for block chain technology and some of the smartest people in the world are convinced this is going to be the next big thing the way the internet was

i think it is a little glib to come on and say thing like that. if you want doubles by boeing. boeing has had $93 billion in sales in the last five years and now they have become more profitable. >> you like it when we fight let's fight. i was there for web 1.0. i watched amazon go from 1 to 1,000 and back to 1 before it went to 1,000 again. smart people can go broke, too we have seen that many times. >> but the charts are going save them. >> your analysis, you have -- where are you, you are not helping people make money. let's call it what it is >> that's not true. >> don't say i'm glib. it's right or wrong. >> it's not about glib or serious. >> i think dan -- listen, dan is outspoken in many things. >> dan has had some good trades. >> absolutely. >> we are good we got the chartist here he has his shtick. and it's fantastic, pal. >> well, it is what it is. >> don't come on here and tell

me i've been -- you don't know what i've done you don't know what my call is okay so go piss off seriously. >> okay. tell me, what's the call now. >> dude. seriously. >> okay. a tough moment here on "fast money. >> we are going to leave it there. rich, thank you. >> thank for having me >> i think the point is that there is no question there are a lot of people on every strata of this market structure that are investing in the infrastructure here there is also no denying the fact in a some of the biggest investors in bitcoin are probably people that know nothing about stocks i think that's the crossfire that rich finds himself in ultimately when you are trying to pick a level on bitcoin, right now, if the 100 week average is something that's violated, that's something that looks kind of scary. i think the reality is it has been hoeding it until it's not. >> i hope they hug it out. all this talk about bitcoin has us wondering where in the world is bk? we tracked him down.

you won't believe how he is trading the crypto carnage. plus, the name of pete's big idea when "fast money" returns y. y. so i bought ingredients, utensils, even made custom doughnut cutters. wow! all with points. that's how i created the ripple. the doughnut, in a doughnut, in a doughnut. suddenly, it's everywhere. i mean, it really took off. what will you create with your points? chase for business. make more of what's yours.

one year ago pete said humana was headed higher >> fundamentals. it's always about fundamentals, no matter what company we are talking about each and every day here on the show when you go back to q approximate and you look at

those numbers, beat on earnings, beat on the revenue, $55 billion in revenue full year forecast looks very strong stock is trading $203. i think it's going higher. >> shares are up 35% since the call pete, what do you do with it now? >> i'm still holding on to it. >> that's long hold. >> i'm turning more and more as i get older. i have got more in my holding stocks category. it's almost equal now with my options trading. i like the name, i like what humana looks like going forward. i also like united health. there can be arguments with various stocks and which is better i like both. i think humana goes higher. >> it is earnings season it is in full gear since you have been on fire head over to the plasma and give us your next pitch. >> i have got another one. a guy a week ago was up here talking about something in the same exact space guy was pitching fed -- >> federal express >> nicely done

i'm giving you ups i owned this stock a while as well a longer hold. i continue to want to hold it. here's why i start off with management. i always like to know who is running the company and how well they are executing i think this management is outstand i think they are innovative, they are aggressive. obviously a coyote to come into the logistics part has been a huge benefit to them this should read more growth i know it put it up there. but it's tax reform. there is all kinds of growth right now for ups. because of, that i look at a revenue growth of 7% that's spectacular when you look at name like this growth across the board. internationally i think plenty of room for expansion. presently 62% of the revenues in the united states. 20 some odd percent internationally. i think that can grow and be something huge lastly, shareholder friendly they do an outstanding job they give you a great dividend yield. they bought back 200 million shares in the last decade. that's not financial

engineering, that's been part of the game plan of this company. i like that. i like the way the management is looking forward. you want to talk about growth? the package growth for these guys by 2022 is set to be about 100% from here it's going to double so that's pretty impressive. i like the entire story behind ups. >> pete, i do, too fedex has traded like a tech stock and ups is not much farther behind it. the problem is the valuing a do they deserve to rerate. >> the valuation is a little bit difficult tim. i do understand that but i would say this when i look at this company, i see a company that has all the growth that actually make that pe look better when i look on it for a forward. >> my question would be can federal express and ups live in the same world does valuation concern you ups is more expensive. >> the valuation, no but they can live in the same world. because when you look at e-commerce and the growth we know issing gon. it's no longer just an amazon

story. everybody is getting into the space. that's why package growth is growing so fast. i think both with occur vive and both can do well. >> time to vote. are you buying pete's pitch on ups. >> i worked there, that's what i'm saying if i worked there, i think ups and fedex can exist. giddie yup. >> dan is this. >> he makes a great case on a lot of levels. you buy it, stick with pete. he has been knocking the ball out of the park. >> tim >> i only buy it if guy is on the truck. pattern he is. >> that's a great job by you. >> you should sign that. >> that's for sale everybody donate to my favorite charity. >> we have to at least cuff the cost of the white board. home run, ete, good job, for the latest on his pitch for ups, head over to twitter and take the follow and express your views. plus it is the question on everybody's mine

where the heck is bk we tracked him, and we will ask him all about his calls. much more "fast money" still ahead. ghts on for you. the hard working men and women of the international brotherhood of electrical workers, dedicated to keeping the power on in communities across the country. because when bad weather strikes, we know what matters most. the ibew. the power professionals.

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there is more. sal tweeted to us, that is so pathetic, hiding like a child. come on, man up. and shade cloud wrote, what are you doing over there bk, did you break crypto we want to let you know we do read all of eyer tweets, nice and not so nice. some that we couldn't include or say on the air for the record the account is not run by an intern we decided to track down bk. turns down he is at a crypto conference in switzerland and joins us now on the fast line. hey, bk. >> hey, row are you? good to hear from you. >> i can't imagine what it's like to be at a crypto conference with this massive selloff going on across therd bo you have been a vocal bull on all thing kroiptd we we decided to play a little buy sell or hold with you: bitcoin, buy, sell or holdo. >> i am a buyer of bitcoin i bought some yesterday.

>> what level did you buy? daung we saw the worst of it in terms of this particular selloff this time? >> i think i bought at about $11,000 yet. it was a early it was painful this morning watching it drop into the nins you have to remember these are regulatory changes, these aren't fundamentals changes to the story behind bitcoin yes, it's painful. it's awful it makes you want to throw up on your shoes those are the times to buy that's why i bought yesterday. >> let's move on to some of your exotic calls earlier this month you showed everyone how the buy ripple. >> i did i am a holdoer from here i think there is a lot of upside for 2018, particularly when some of these -- [ inaudible >> you are holding ripple. for all you twitter haters because i've been getting my

fair share of these tweets -- i'm just the messenger here. bk was showing you how to buy ripple how to buy ripple. >> not telling you to. >> there is a difference here. >> right >> anyway. let's move on. stellar. just last week, you said the coin was about to break out. listen to this first. >> where do i think it could go on the is up said, trading 55 to 60 cents would not surprise me to see over a dollar here a double, especially if they announce they are going to start using this like money grimace. >> stellar is down 50% since that call. buy, sell, ohodl. >> it is a painful hodl, but i stand by what i said a week ago. i think there is a lot of positive, so hold. >> what is the environment like at this crypto conference in

switzerland? is there a fair amount of hand wringing or is everybody such believers that they don't care that this is going on. >> we certainly care, but i am certainly in a crypto bubble here and people believe in this technology and believe that the next three to five years is going to be the best time to invest in this there is not a ton of hand wrichking. it doesn't feel good but the atmosphere is pretty good here. >> thanks for phoning in from switzerland. we herb proo it. >> i'm bringing you all tobyler own home >> we love those things. triangular krurchs, chocolates. >> he better bring a lot of them. >> did i miss something? hodl it's hold, because at one point in time, somebody said hold it but misspelled hold. and it became a thing. >> misspelled hold >> and a subread. >> it what have you done during

the crypto carnage i've stuck with the ones on coin base this is how i'm expressing a long term bullish view i have i under the long term volume tate. yesterday and today i bought ehere yum and i had to average down i was playing it the way you were playing the gbtc, just playing for a reversal. >> how do you cut your losses. >> you have to have a stop in place and be disciplined around that i think having a hard stop in place in something this volatile is suicide i have been investing in emerging markets for a long time, hard stops got you in trouble on big days like today you have to have a level, a sanity check and you should be investing as much as you are willing to lose, 2 to 5% of that which you are willing to trade actively, to me. >> what was your sanity check on ehere yum. >> my entry level is 460 my few like dan's is a long term

one. i will acknowledge this is platform that continues to be a place for at lot of different decentralized platforms to operated that ahoney for me is enough, until i hear other and we can do our fundamentals research on this -- it's just the volatility brian said the fundamentals didn't change. i think getting more regs involved does change the unds fundamentals but not necessarily for the worst. >> still to come, a stock is getting a boost on block chain as well as a.i that's a culinary equivalent of msg and sugar. we'll let you now how it's going when "fast money" returns. (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air.

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welcome back to "fast money. take look at this chart. can you guess which stock it is? we will give you a hypothetof it's up more than 10% this year alone. now the third best performer on the dow, and it's making a big bet on block chain if you guessed ibm, you are right. jumping nearly 3% today after bark clay's upgraded the stock ittative into block chain technology with maersk is block chain enough to keep its rally going? >> i have been bearish for literally years on ibm last quarter finally i have gave you a glimmer of hope. now barkcally's come out and says the worst might be over the price target is from 190 to

133. it thought it would get to 180 i still think that tomorrow after the bell you might see year offer year revenue growth for first time in three quarters they have head winds and valuing ais expensive. but i think momentum carries the stock to 180. >> let's check on the "options action" after the bell dan? >> the options market is implying about a 3 1/2 percent move in either direction that is shy to the 5% move in the last four quarters the report tomorrow afternoon investors will be looking at their strategic imperative, cloud operations block chain is not big last year, less than $1 million. some analysts expect that to get to $8 billion to he have the

next 30 years. call volume ran hot into this print. the stock was up 10% maybe there is excitement about mega cap tech in general but the most active calls were 4500 the january 1 calls that expire on friday it seems like a decent way the play for that beat and raise look at this chart carter announced his options on friday afternoon, he is a fine technical analyst, he thinks this is a nice head and shoulders looking button beating a raise, you have this thing, filling this gap, up towards the high 170s. >> still ahead, did pete's pitch make you want to buy ups some of you are? the stock is up in after-hours action

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anif you've got a lifee. you gotta swiffer welcome back you know what brian can do for you. give the time of your life mach music his pick for ups heading into earnings the stock by the way is up by 8% this the overhours final trade time, pete. >> i like the stock, and up, it's going higher, ups

>> dan is a smart part of this show. >> i second that >> dan. >> i like your call on intel. >> nice. we are together, buddy. >> johnson & johnson we could all use some pharmaceuticals about for watchg see you back here at 5:00. "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. you know what, we're so used to the government keeping a lid