controlled by five companies >> ross, you're surprising me. >> get out your phone. get out in real life. >> if you change your mind, i hear ya. >> ross gerber from gerber kawasaki "fast money" begins right now. >> live from the nasdaq market site tonight on fast it is bitcoin cash all raising higher prices bitcoin bear market over we've got a special report stocks are getting hammered as well the market selloff as the dow at

one point. still turning negative for the year the nasdaq led the way lower 2% on the facebook. >> boomer: shell the first time that that's happened the government shutdown is looming. is this just the beginning of a bigger selloff guy? >> not the worst yet to come i'm not convinced that we wouldn't have had a selloff today even if facebook didn't have a selloff think about it, karen fine man said there was some time on wednesday. on thursday the lead was sell the rips market and across the desk we said that. even pete najarian said he favors selling the amount.

one of my favorite tech stocks is micron. >> facebook is the reason semiconductors or you name it and this might have happened and i agree with that. we see that going on the rest of the world looking at technicals

>> 2687 on the saup ca&p cash. if we do that it's 2580. that's going to test the mettle of a lot of the investors around armchair psychologists, whether or not you're a sophisticated trader both of them are sophisticated on some level. i do think markets will do one more switch to the down side >> all right unsophisticated trader weigh in here. >> hang on a second. let david go >> oh, you've got to be kidding me >> it's 32, by the way >> you mentioned d.c i think when you talk about the tax cuts, we had a parabolic move after the tax cuts into january. a lot of people were getting worried on valuation basis what did we over shoot as the fed is going into a free -- you know a cycle for that sort of thing. all of a sudden you have some investors a little bit concerned looking at 2018 eps numbers. companies got big boosts, right?

you say to yourself, we see growth moderating. we can get fiscal stimulus going. talking about stage two of the tax. it seems very unlikely i think that's the reason why some investors are saying, okay, maybe we shot a little too far too fast on some of that good news. >> it seems like there are more threats to earning growth out there than there are boosts at this point. >> i would agree with that the narrative for today and the narrative for the entire market, yes, the fed law and where we'll be this year and next year is super important. what was interesting today especially in tech and tech being the leadership of this market, it wasn't a rotation of

any sort whatsoever. it was basically sell names across the board taking broadband. they weren't rotating into things which i found interesting to be in the depth it wasn't panic selling. it wasn't take this order and get me out of the name there was absolutely, you know, very uniform selling across the board and not rotating and evaluating. >> is that more about rates? >> it is about rates >> i disagree with the premise that there's probably headwinds to earnings. i think you can't quantify what the true tailwinds to earnings are when we haven't seen the tax rate this low. i do it all the time and for myself when was the last time the tax rate was this low and it was 1941 very difficult. >> let's also remember -- >> to modify the global environment we are in now for stocks with that type of -- >> remember how much money how much money poured into the equity market last week. a tremendous amount of money poured into the equity market last week. >> record in flows. >> etfs. mostly taking up, soaking up

that sort of pool of capital the reality is, that was a big move >> bring back facebook the amount of money and the nasdaq 100, five stocks. apple, amazon, facebook, microsoft and alphabet, they make up 45% of the weight of that thing this harkens back to june of 2000 if any of you kids were around trading markets, there were pretty nasty headlines about microsoft. a federal judge ruled they're going to split that company up when you see that sort of news coming out of, you know, the fcc or whoever it was at the time, that's going to dampen sentiment. that's what happens with facebook when you think about the top five names heading into this year, massive outperformances. people thought they could do no wrong. all of a sudden you see a massive, massive head wind for the huge monopolies which happen to be the huge equities. >> i think morgan stanley said earnings numbers might be too high go back and look at last week's price action over those five days and see you have not seen a week like that where the market rallies,

sells off each day pretty much we haven't seen that in a long, long time. quite frankly i don't think we've seen it in the last five or six years that is an interesting week. to my original point, i think today would have happened regardless. >> well, facebook having its worst day in nearly four years mark mahaney told "squawk alley" earlier today that it could be a major buying opportunity >> there's obviously a lot of regulatory fear that's in the stock right now. seems to us that that's largely priced in here if you can buy a 30% compound earnings grower for less than the market with something that's, you know, pretty close to a dominant position in the space, that tells me that there's a heck of a lot of fear and that's creating the buying opportunity. >> do the technicals agree let's go off the charts with chris verone hey, chris, what are you looking at >> we have facebook. i want to look back in context at the last four years here. what you see is a very orderly event. every single year facebook will

test the lower end of its trend, happened in 2014, happened in 2015, happened in 2016 it's now been about 16 months since facebook tests the lower end of its up trend. that's about 10 or $12 lower last tick 172. we think 160, 162 is ultimately where this is going. i think when we put this in context of leadership, let's remember relative to the s&p, facebook actually peaked in november. it's been four or five months since this stock was last a leader looking at some of the other fangs, i think we have a problem here with amazon as well the stock is still 25% above its 200 day moving average let's just say price in the 200 meet in the middle that's 13.50 less on the stock something like 15.40. so some down side risk here in amazon when you look at amazon long term, again, every single year it tends to find 200

happened in 2015, 2016, 2017, we suspect it will happen in 2018 what can we own in these fang stocks we like apple. more importantly, apple has held up relative to the s&p since the lows on february 8th market up 5, apple up 13 it's been a leader it's holding the 170, 175 range. i think ultimately that one makes new highs. >> chris comes over, right >> come on. >> i'm just checking come on over, chris. ryan will bring a chair in thank you, ryan. so if facebook and amazon look troubled, you do like apple? >> yes. >> is technology going to be challenged overall >> well, it's been easy for two years. i don't like the term easy money and hard money but it's been pretty easy for two years. i think at the very least it probably gets more challenging moving forward something we've been talking about that the market has been suggesting for a few weeks now the average tech stock has actually been doing better than

the big tech stock if you look at an equally weighted tech sector, that started to outperform over the last month or so i would suspect there's more than that. look at names like oracle, look at names like intel, cisco these have quietly been leadership stocks as facebook has taken a back seat over the last four or five months. >> when you talk about amazon checking the two or three day moving average, when you talk about facebook being 10% above where it should be, has a little more fluff where it can cut that out, too, you can say that because they collectively are the market does the s&p have to go retest that 200 day moving average so you feel better about putting new money to work? >> you know, it's a hard question i think the street is more and more looking atthat retest of 200. when you look at the internals, it wasn't that terrible of a day. banks outperformed, banks was up, oil was up, bitcoin was up i actually thought some of the risk ba rom meters were pretty decent today certainly those are very large weight in the index. if you get facebook lower,

amazon lower it probably -- it probably hurts the tape, but the individual issues probably outperform the average stock may be better here. >> talk about that new high that we saw in the nasdaq came all the way back from the february lows. made a new high on march 9th s&p never made a new high. it's down 5.5% you do have a failure in the concentrated names what does it mean for the broad market >> it suggested that leadership may be changing. one thing we pointed out in our note on friday was flows into the xlk have gotten so, so aggressive we look at that as contrarian indicator. i think in terms of timing and tactical flows, there's some risk there. >> thank you >> my pleasure. do we buy facebook here? do we take the advice of mark mahaney who says you can buy a 30% grower when you don't know what their business model may or may not be when business model comes out? >> dan had to remind me. we had roger macnamy

i think he used the word corporate malfeasance? >> yes. >> when roger macnamy says that, you need to wait and see. >> he's been selling his shares. >> i've been a bull on facebook and i think this is very concerning for me. i think it's a slippery slope for facebook and it's all about trust. once they lose trust with their user base, it's off. they're going to fall off big time i think the most important thing is sentiment when i talk to our analysts and i find out about sentiment within the community, sentiment is terrible right now on facebook investor sentiment is lousy. you start to get some of these generalist investors to take their foot off the gas or step away from the trade and rotate into something else, it could be paralyzing for them. so i worry about that. >> big selloff today, what did we do? >> i look at the add on the home builders they got tremendously whacked. >> one thing to point out, look at the relative performance in twitter. to me it seems like they're going to have far fewer problems

like facebook and google snap got really nailed today the other day i said it's one at 17 you can buy with a 16 stock. i don't think they have any of the problems they have rihanna problems and kim kardashian problems but they don't have russia problems. >> kiley jenner. >> get them straight. >> look at the hospitals made a 52 week high there. >> financials. stick with the financials. keep adding to the financials. >> coming up, check out shares of oracle down 14% that conference call underway right now. we'll bring you the latest details. tesla in a bear market down and while the stock tanks celebrity ceo elon musk is partying it up iners rus is a l erer erers -- . there is one event this week that can sell the fate of this trade. we'll tell you what it is. you're watching "fast money"

live from times square in new chrkit mu more right after this

welcome back >> now that they're in bear territory, tesla said they could be >> what does the ceo do.

apparently in a jerusalem speak easy he was on instagram saying in the absence over a tower of glasses. everything is better >> first of all we would be remiss >> they've been wrong. >> if he's going to stick to his guns, i'm going to stick to my guns with a short interest on this not a whole heck of a lot that has to go right for the name to pop the name. if elon musk was no longer the ceo, there's always something up

>> you should get a room there. >> i know. >> 230, 35%. what seems like the amount you bring the chart all the way back >> i can't even say it >> how can you say there's any involvement?

>> those are the three variables that probably will be dancing on tesla's table. >> downward momentum >> no. i see that it's a trading vehicle right now. i don't believe in the long-term story. it's not an investment i do think that's an issue i think competition is an issue long term. >> let's stick with the road uber halting all self-driving testing after a fatality with one of its cars. phil lebeau has the story. >> reporter: melissa, the ntsb has sent a team of investigators to arizona to investigate what happened with the fatal accident last night in phoenix where a woman was hit by an uber self-driving vehicle, that was in autonomous mode, with a test

driver behind the wheel. it was in autonomous mode. after this accident uber announced that it is going to be suspending its self-driving vehicle testing program. there are four of them that are going on not only in phoenix but also here in san francisco, toronto and pittsburgh uber issued a statement saying our hearts go out to the victim's family. we are fully cooperating with local authorities in their investigation of this incident this is the first fatal accident involving a self-driving -- fully self-driving vehicle we'll talk about the tesla incident from 2016 in just a little bit in california since 2014 there have been 59 incidents reported with self-driving pilot programs we should point out that the majority of those incidents have involved a human driven vehicle often rear ending or accidentally hitting an autonomous drive vehicle so the vehicle, the self-driving vehicle was not at fault there are a number of companies that are testing autonomous

drive vehicles, gm, waymo, lyft, uber, ford there are a slew of others out here in california they will be allowed to be tested on public roads in california without a safety driver behind the wheel. that's already the case in arizona where waymo is testing its ride service that it plans to launch later this year. there's no doubt, melissa, that this accident, this fatality will have a lot of people, particularly those who are not investors or not in transportation or in the auto industry, a lot of regular joes, if you will, saying aha, that's why i don't want a self-driving vehicle out on the road. it will be curious to see what that does to regulators if they start to perhaps put the brakes on allowing the testing of these vehicles without a driver behind the wheel. >> i know you don't cover uber, phil, but it's important to

figure out from just the industry perspective what actually caused that fatality, if it was the technology itself. >> exactly. >> if maybe there weren't enough miles driven in the uber self-driving program versus the tesla self driver program. there are a lot of factors here. >> all those variants need to be figured out. we should point out that the woman that was struck by the uber vehicle was struck outside of a crosswalk does that mean she was at fault? that she moved in front of the car? was the car somehow -- the cameras on the car obstructed so they couldn't see the woman? all of those details will be figured out. the important thing to keep in mind is that all of these vehicles have sensors and cameras that are constantly recording what's going on. so for investigators, they should get a pretty clear picture fairly quickly about what happened with this particular accident. >> all right phil, thank you. phil lebeau in san francisco so what sorts of implications does an accident like this have on the push for autonomous

driving have at large? >> regulators would be worried at this point. >> with any new technology unfortunately you can't candy coat fatalities. this is a tough pill to swallow. this is going to be a difficult one. you would think that their testing mechanisms are going to be different they're not going to do it on open roads until they get this software sort of handled, but with any new technology you have to expect some errors unfortunately it was a fatality. >> i think the most important take away here is that i think in 2016 there were maybe like 2700 pedestrians killed in the u.s. by automobiles. this is the first one -- >> with humans behind the wheel. >> you know, this is something that those don't get reported. this is going to get reported. the biggest take away for me is this is a new test for the new uber ceo and it actually speaks to what we were just talking about in that first segment about facebook look at how they're over compensating they immediately said we are stopping this program. we're going to figure out what

happened that's how you deal with crisis management this guy figured it out. it's interesting the facebook people haven't. still ahead, oracle taking a sharp move lure aftower after hs we'll tell you what was just said that's got investors hitting the sell button. i'm melissa lee, you're watching "fast money" first in business worldwide. in the meantime, here's what else is coming up on "fast." ♪ ♪ that's how many investors feel a number of so-called safe areas of the market have been anything but. we'll tell you where to hide now. plus, bitcoin is bouncing high today and tre ahe's key event this week that could mean even more gains. we'll tell you what it is when "fast money" returns

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month. down almost 30% over the past two weeks. it finally has a little bit of release. coinbase shows crypto risen 12% from yesterday that would make today bitcoin's best day in two months believe it or not. why the rebound? cryptos could be getting a bid after an international watchdog said cryptocurrency is not the near term for the financial system the financial stability bureau said crypto assets do not pose risk to global financial security at this time in part. mark carney noted that even at their recent peak the combined global market value of cryptos represent a fraction of the world economy. less than 1% of global gdp he noted that blockchain has the potential to improve the world's financial system, improve. some see this as a turning point for how world regulators might

view this space. don't make any mistake about it. bitcoin is still firmly in bear market territory down 60% near the peak 20,000 in december that's nothing new bitcoin's seen four bear markets since it was created in 2009 there's plenty of head winds ahead. twitter, you know about this planning to ban cryptocurrency ads from its platform following similar moves by facebook and google and president donald trump just passed an executive order banning any transactions with the u.s. that involve digital coins issued by the venezuelan government >> thank you, bob. is a bitcoin bear market over? let's check in with our resident bitcoin baller brian kelly who is all the way in hong kong at, where else, a crypto conference. he joins us now over the phone from the swanky mandarin oriental in hong kong. b.k., good to have you with us.

>> good to be here. >> every social media platform has banned ads maybe the worse is over with the impending threat the g-20 is backing away from new regulations. is the worst over when it comes to this sort of headline risk in your view? >> at least -- yeah. i think from the regulatory front it probably is i mean, we've had the sec talk about having all these exchanges register and all of the itos register which if you're a security, you probably should. what we've seen in the last six weeks is the exact opposite of what we saw before we saw fomo, father of missing out and this is fodo, fear of doubt. >> do you think it's the balance of getting those things out of the way, the regulatory risk how much do you think was the market's decline today >> well, you know, i think over

the last 24 hours or so we've had some panic sellers in the market you've seen some people who raise money in bitcoin and a theer y aethereum and bitcoin. those are price insensitive sellers. it appears for the time being they are done, and i really think that's what's causing this shorter term bounce in bitcoin. >> have you bought >> i bought the -- i bought a little bit the other day rode the dip down and still holding. >> still holding >> i don't understand this who had hoddling thing. >> b.k., as we stand here it's 8500 i guess my question to you is are we looking at the price action through the wrong prism i know you can't counter factual stuff and it did trade 20,000. from point a to b a year ago, the movement is despite the selloff it's been quite staggering

you would have signed up for this a year ago. are we looking at it incorrectly, i guess >> well, you know, that's a good point, guy a year ago i had a price for bit cohn of 2500 or so that was bitcoin below 1,000 and i was a little shaky about even putting that out there you're right i think that is also what's going on as part of the selloff here remember, there are a lot of people who made an awful lot of money over the last year riding bitcoin from below 1,000 up here, riding aethereum from $7 to 600 today they made a lot of money add in that a little pesky thing called taxes i think you're right, guy. coming back a bit and looking at where this has been, it's still performing quite well. >> all right, b.k. we're going to let you go. safe travels. >> thank you >> brian kelly calling in from hong kong at another cryptocurrency conference.

>> yeah, three in three weeks. do they trade the currency or do they just talk about it? they travel the world. >> you can trade electronically anywhere, dan. >> that's true i think that regulation, i think it's too early to say that we're probably done near term. while that comment causes a short squeeze, i think it's probably sell the rally sort of situation here guy's pointed out, this was below, what, 1500 a year ago this thing has lower lows. it's not going to turn around until it really capitulates. to my eye, that october breakout at 5,000 is probably the next stop on the down side. >> look, we may have lower lows until we hear what investors want to hear from regulation look at what facebook and google did by coming out and saying we're not going to allow them to advertise on the platform, the fraudulent ones and the good once that's very defensive in my opinion. these are disruptive technologies that are going after the disrupters goingless, facebooks of the world. all of these companies are going

to be attacked by the ipos coming out i look at it and say them not advertising is a very telling sign to me this technology is real and it will be here. >> still ahead, the market got creamed today. one top strategist said now is the perfect time to buy. there are three sectors primed for a breakout we'll give you the names plus oracle tanking in the after hours now down 7% in your special lows we'll tell you what was said that got conference traders running scared much more "fast money" after this whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows...

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well the come back to "fast money" is there anywhere left to hide let's get back to the newsroom and dom chu. hey, dom. >> melissa, we're watching the places that traders and investors have turned to for shelter from the storm and maybe you think of treasury bonds. we did see a little bit of buying of u.s. government debt as a general trend of higher interest rates still tries to play out, is that some place traders want to turn to? traditionally you have the defensive equity sector plays may still be somewhat outperforming like they are recently even utilities, consumer staples and real estate funds tied to them haven't rescued folks from any real down side action. these bigger dividend payers may not seem that attractive if interest rates continue trending higher one other place we'll revisit is in the low volatility funds so called because they are made to follow indexes with stocks at

lower volatility relative to the rest of the markets. two of the bigger funds the ishares, msi u.s.a. etf the tickers usmb the low vol fund could take splv losses still likely in the market traders are dealing with a rare scenario, one where a drop in the stock market value hasn't been met with a drop in interest rates, melissa it's that battle that's really brewing between falling stocks at the same time the fed is trying to trim its balance sheet and sell bonds pushing rates higher so a lot of big dynamics happening now. back over to you. >> dom, thank you. dom chu. our next guest says for safety just buy the darn dip. tony guier is the bull behind the call it's a buy the dip >> remember the tactical terms that were used the last time we were on. today was the wash you cannot have tech being a solution, the reason that we're

going to go rip new highs one week and then the next week because of a bad day they're going to be the reason that we break to new lows and keep going lower. so i think what the problem is is people are chasing price. i think they're -- on the down side -- corrections are only natural, normal, healthy until you get one, then they don't feel so natural, normal, healthy. that's the situation we have been in. you get one of these selloffs and it feels like, oh, my god, we're going to break down and tank during those periods i want to remind everybody we're going to have 20% of earnings growth. that's one hell of an earnings compression. if you get 20% growth and you expect more down side from the 12% that we've had on the reverse ramping to new highs, let's not forget we have secondary flowing of economic data we have a fed and new chairperson that you don't know what he's going to say right now what's interesting about this upcoming meeting, for the first time in a while the market expectations are matching the dot plot for the viewers the dot plot is

the median fed forecast for this year if you have anything that could alter that view, that could create volatility, too again, volatility is the buy word followed by rant towards our target based on earnings. >> not to blow smoke, but everything happening in the market you have basically outlined since the end of the year you've been spot on. >> thank you. >> let me ask you this bob mueller investigation. if the president were to fire mr. mueller, does that change this calculus at all in terms of -- >> no. >> market volatility >> no. >> it doesn't play in whatsoever >> no. i'll go back to the backdrop that you're sick of hearing from me but i'll tell you again until you invert the curve, all of this creates the volatility we did a median gain of the s&p 500 going back to 1965 from the date of the inversion to the peak is 21%. it takes place over a median 18.5 months and a recession starts 19 months so when you're trying to time this whole thing, until you

invert the -- well after you invert the curve you want to buy dips and i think that's the mistake we make is trying to make a difference this time. it's not different it's the people watching and on this desk can get access to credit, we're going to take it and use it. >> did you bother looking for so-called safety trades in this sort of market or do you think that the entire market is fine >> no, i think it's the entire market let's look at it this way. the safety trade today, tomorrow, i am awful, awful at predicting precise lows. when you're in a market weakness period you're going to get defensive areas to out perform what we want to do rather than try to play the brief down side and temporary pull back, we'd rather buy into the productivity trade. by the productivity trade. if the fed is raising rates, it's because inflation is above expectations how do you combat expectations as a company higher productivity. when you're flattening the yield curve, finance spending for

productivity, industrials, those that implement the productivity. information technology those that are behind the implementation in the last two cycles, those are the three sectors that outperform both cycles when you are flattening the curve to this current degree. >> is there any concern about losing facebook as part of the tech leadership? not just facebook but the likes of it and amazon, alphabet, all of them? >> there's absolutely potential that you could have further down side they kind of got hit today, but i love the headline. the worst day since february 8th. what happened after february 8th? it went straight up. i don't have an opinion on those. i don't have an opinion on individual stocks. i do know that technology is -- >> but it's mentioned that leadership has been narrowed. >> i don't know that it's narrowed is it broken down? >> it's narrow the nasdaq 100 made a new high the nasdaq, those five stocks -- >> the a.d. line made a new high it's hard to make a case that it's too narrow. clearly, dan, it's 100% correct.

what most people don't realize because they're boast market cap weighted indices, all of them are. that means the biggest stocks are going to have the biggest impact it happens every cycle where you have nine or ten stocks that rip and cause most of the up side because by definition it has to happen that way. when you have the cumulative a.d. line, when you have the nasdaq making a new high, it's hard to make the case that while this whole thing is tanking except for a few stocks, it isn't yet. i have to go by the data because i'm good at being wrong. the data says we are far too early still, nine years into it, far too early to take a totally defensive position it's important to remember, markets are not based on time, they're based on fed policy. >> tony, good to see you thank you. >> would you buy the dip >> yes i think you have to. i think history has provided us with a lot of knowledge base to tony's point you want to buy the technical sector because if you look at it outperforming on a five-year

basis. that and discretionary has out performed every other sector you throw in the financials of that i would add the discretionaries, take out the industrials. >> look, i don't know that you jump right in and buy the dip. i think there are some headlines that come out and could be around the market. i think the tech sector is super crowded. i think general tech sentiment is that you take a wait and see approach the incremental dollars goes into financials and industrials. >> tony feels pretty comfortable with the economic back drop. i keep reading every morning that there are not enough new houses look at the home builders. to me if you have this slow rate increase throughout 2018 and we do have this low inflation though economic boom here, i think you're probably going to see a good bit of this 12% decline from the late january declines i think people see that as an opportunity. that could be interesting. >> pretty lousy day today. we've been saying it for the last 43 minutes.

macy's was up a percent, 1.3%. look for names that outperform on a lousy day we've talked about retailers for a while. still ahead, check out shares of oracle clicking 6% in the after hour session company issuing weak guidance. we'll hear from the ceo in a few minutes. plus, facebook surging 7% today for the worst session since 2014 how do you know it's the right time to get out? guy adami has three asclsic sell signals you need to know he'll break it down when "fast money" returns erything that's going on in the company. get it for jean who's always cold. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪

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after hours we're waiting for the details. >> we began this conference call, it was under pressure. it came under greater pressure when oracle had a 2.4 guidance calling for cloud revenue. she said expected to grow between 19 and 23% and total revenue between 1 and 3 perfection percent non-gap eps between 92 and 95 cents. we took a leg lower on that guide and we have stayed lower oracle tried to set a consonant tone on the call talking about customer wins. take a listen. >> first, in erp wins, avis budget group, barrett gold,

baylor, scott and white health erp and fusion ecm blue cross/blue shield of florida fusion erp broadcom fusion erp. and hcm. dubai ports fusion erp easterline technologies, fusion erp. >> so heurd rallying off the wins how much stock do you plan on buying back. it did buy back guidance she said we would not expect to exceed the 4 billion we just did. for a lot more on the results and how mark hurd feels about it we're going to have an interview with mr. hurd on thursday. that is live and exclusive be sure to catch that. melissa, back to you >> josh lip ton. i feel like we've been here with oracle before in the after hours session.

the stocks sell off and then what happens afterwards? >> come back to me what this illustrates is how successful sales force has been quite frankly i think this quarter's predicated on declining cloud growth and the guide for the next quarter and then you say the valuation makes sense. when you have to rattle off your wins the yankees don't sit at the end of the year and each team they won the 92 games they won over the years. they don't have to >> the mets -- >> xactly. that's why the mets are the mets and that's why the yankees are salesforce.com right there, bang. >> this has been a relative underperformer basically all year the setup to the trade is buy the stock ahead of earnings, get out of it against the 55, 56 bucks. i think people are long the stock into earnings. i think you're right this morning this pull back after hours could be purging into some of those positions i think it could be up here and they pick some up tomorrow morning and make a little bit of money. >> i think these guys are playing some games here. this is the third quarter

consecutively where they come in line with their previously lowered guidance here. what's going on is there is some deceleration in the cloud. investors are not really willing to reward them for it. don't forget, we started out with news reports that amazon and some others were pulling back from the cloud services so to me i think this is a no touch. you're going to see the tremendous technical damage is done the february 9th low, that's what you shoot against if you want to get long the stock wow. >> trying to talk faster than you. >> that was good. coming up, breakups are never easy, but we have to do it especially when it comes to losing investment. guy is here. guy with your favorite stock he'll eak brit down. live at the nasz dak market site in new york's times square "fast money" will be back after this commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service

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if the allegations are true, this is an incredible violation of everything we stand for when asked why the information wasn't asked for, we ask them for the time to reassure us that all the data has been destroyed. all parties involved said that was the case we now know that may not be true we are going back through. people can no longer do what you were able to do on the facebook platform in 2015 we are under full investigation to understand what happened at that time. it's too early to share with you what we will do in terms of notifications. this will be a full scale investigation. there's a lot to talk about here with facebook. they did at least address it head on here at the shop talk conference back over to you. >> thank you, courtney ragan from las vegas for us. that's the closest thing from an apology from facebook. facebook selloff today may have some investors out there wondering if it is time to part ways with the stock. guy has three simple steps on when you should sell some of your favorite names. we like to call it the more you

know. >> the more you know this is not to suggest that you should sell facebook quite frankly, i do think there's some more pain on the down side. obviously today's news got us thinking when do you know that it's time to sell a company that you have fallen in love with, it's done so well for you over a period of time these are the things i've come up with. you're never going to get all three of these things. if you see one or two it's a pretty good warning time the main product is being commoditized that's not going to be the case with facebook. they have a pretty significant deep and wide moat however, if the company's in the cross hairs of a probe, be it immediate cross hairs or government probe, i think facebook has found its way into number two and this is really interesting. it's something you should watch. we talk about this all the time. when your stock no longer rallies on good news and/or now sells off on bad news, that's telling you something. for the last six or seven years you've seen stocks that have been impervious to bad news and

continually go up on good news the tables seem to be turning and it seems to be turning in a pretty meaningful way. those are the three things i look at. i don't think you're going to find things. don't be dogmatic in your views. it's okay to take profits. >> do you agree with guy's three things >> i agree when you start to look at how they tweak the news feed, that was the beginning of the end for facebook where they started to have that come to reality sense about the stock. when you want to talk on a granular basis, 172.53 is th 200 day moving average you do not buy this stock. you know the three day rule i adhere to. you do not buy the stock until it closes above the 200 day moving average. >> up next, final trade. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman?

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small thing, or something unexpected, pnc will be right there when you need us. because when it comes to your finances, if you focus on today, tomorrow has a way of working itself out. pnc. make today the day. final trade, grasso. >> avis budget car. i said this was a double from 35 still going to be a double. >> 32. >> facebook invents investor sentiment has become much too negative to stay in the story. i'm a seller. >> dan has a special guest, ellie. snap or instagram? >> instagram. >> she's taking it -- >> so the trade is >> buying facebook i guess shb, i think you can buy it with a 40 stop. >> she's adorable. >> great job. >> she's unbelievable. >> may be better than dan.

>> maybe maybe? >> definitely. >> i'm trying to be charitable. >> strong genetics on the mom side in that family. let me tell you something. macy's, that sucker is going higher. >> i'm melissa lee, thank you so much for watching. e seyou back anywhere. idea 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 jaws through trying to save you some money my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcrame with the dow tumbling 336 point, s&p plunges 1.42%, nasdaq plummets