but bristol meyer up big today. we talked about it. something is going on, i'm telling you. >> that does it for us. thank you for watching. catch "fast money" on monday at 5:00 p.m. eastern time. meanwhile, don't go my where. "options action" starts right after this break. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. >>> next, the fed didn't make a move. should you? strategic plays for your portfolio to put the odds in >>> hey, at least the market closed and stocks can't go any lower. we're live from the nasdaq market side on exploration friday. the guys are getting ready behind me and while they're doing that, here is what is coming up. >> there is no place like home. there is no place like home. >> that is because that is where s

an old broker when karen cramer and i trader -- traded together and we had a trader that said bristol meyerswas the way it was pronounced. next one from craig, who asks which is smarter, add to a holding that's been recently hurt or initiate a new position? #mad tweets. if you don't want to buy more of that stock lower then you should sell it. if you liked it higher, you should love it, lower. the answer is buy more of the lower one or get rid of it. up next @no to l whatever asks at what percent for profits should we sell shares? this is really important. that's no firm -- there's no firm rule but when a stock goes up about 50% i like to sell some of it. and then a little bit more and i sell more. but the ultimate goal for all great investing you play with the house's money. that's the way to do it. always try to fight to get to the point where you're playing for the house's money. and yes, stay with cramer. ♪ >>> i like to say there's always a bull market somewhere. i promise to try to find i just for you right here on "mad money." i'm jim cramer. and i will see you next time. >> narrator:

bristol-meyers had the drug approved there. they are testing that drug in combination with other drugs. others in the class trying to find the best combination that will be the most effective with the least side effects. we are also looking at a smaller company which is in a race with astrazeneca. there is another basket of stocks. >> if you had to pick one, which would it be? >> that might breakthrough in terms of being real advanced for patients? >> i think folks are excited about these immunotherapy drugs. when they find patients that work, they work really well. >> the market is huge. >> thank you so much. have a great long weekend. let's send it over to dominic chu on market flash. >> we are watching shares of blackberry. another casualty of the market sell-off. one of the brighter spots after announcing plans to buy good technology for $425 million in cash. >> 40 minutes to go till the close. s&p down 32. nasdaq down 35. as oil prices decline, gas prices hitting their lowest labor day levels. get this, 11 years. we'll dis

yesterday mike cowan and john and pete nejarian talked about gilead and bristol-meyers.he space, the space is in play. that is what's interesting to me to echo was stephanie was saying before. >> that is a challenge. winners and losers, it's hard to figure out who is going to be acquiring and who will be behind. you need to have a broad strategy and well-defended strategy. >> i think there are winners and losers as we talked about stock picking. if you look at dollar tree, they had problems. that was a poor acquisition they made with family dollar. >> very poor? >> yeah. it hasn't worked. so far. they overpaid. they didn't realize how bad in shape family dollar was in. both dollar general and dollar tree have come down. i would look at dollar general as perhaps getting out of this and being one of the winners as dollar tree continues to flounder. >> what is happening now? is the pendulum swinging back to a walmart here? >> there is competition, no doubt about it. you had three players. i think dollar tree was very well run and still is and dollar general is well run. fam

bristol meyers is interesting. stop being scared and thinking you can't believe it. start putting your head in the head of the guy who is selling the futures now and ask if he's smart. is he smart selling down 50? is that something i think is smart. because not everything on your screen is smart. some of it is stupid and that's when you can buy things. warren buffett is right. if you can get the market to take stocks down to levels that you like and there's stocks you like, that's good. it's not paralysis. it's not fear. stop fearing the futures. there's probably, i don't know, maybe ten guys in a room in their pajamas as 4:00 this morning. >> this is your long standing complaint about the market. >> right. i was up looking at the futures. there's a guy in pajamas selling down 40 because he thinks he can cover down 60. god love him. if disney goes to 90 and that means it's down from 122, that means espn is worth zero to me. fine, so they paid too much for the bcs. >> let's drill on oil. all the headlines today. it's the cover of usa today. biggest three-day rally in

quarters have been outstanding to say the least and seemingly hidden in all this is that gilead and bristol meyers whatever reason over the last two or three weeks seemingly are trading in lockstep not to suggest anything that's going to happen or is imminent between the two, but it's worth noting that the last three weeks at least they have been trading eerily similar. >> okay. do you own -- by the way -- >> i do not. i do not. >> none of these names? >> no. >> dennis, were you going to say -- >> i find it a bit remarkable that kyle bass has this strategy in hand. of course, al truism and making money are all in play there, but the patent reversals -- if you are sitting on a patent word bored and making that judgment and there's a hedge fund guy, i think there's some political pressure or feeling or sentiment in the patent board that maybe we don't want the hedge fund guy however right he may be pushing us around. that's the problem in the stretch. he says he's around for the long-term until at least the short squeeze comes. >> we will leave it there, guy. thank you. appreciate it as always. that

weaker than most of the other parts of healthcare but even the big names, your merks and pfizer, bristol meyers, johnson and johnson. they have slowly drooped south. another problem for the dow is caterpillar which is probably costing 15 or 16 points for them. joy global a producer of mining equipment had very poor ruts, that stock to the down side. we have a rally here, but not a particularly heavy volume. back to you. >> thank you very much for that. let's head over to the nasdaq in times square. why have we been losing steam there? >> we are starting to lose steam. come take a look. this morning we had the nasdaq and nasdaq 100 joining the s&p and moving below that correction level, but now we are really just barely holding on to gains at this hour. we still cover the russell 2000, that's still in correction territory nonetheless it is doing better, the small cats are doing better than largest. both come off of the big lows that we've seen and some of the big stocks that are helping and that have also moved out of correction territory include ebay. today celebrating its 20th anniversary, one

bristol meyers, gilead just to name a few. >> what do you mean this market is running on hatred? negative sentiment has been so profound and extreme that you're getting everybody saying i can't be a seller here, everyone else is too negative. you don't see a lot of other things that are bullish catalysts except for the fact that people have been so skeptical. >> we are going into earnings. that could be it. >> it could be at some point. day to day right now things get stretched to the down side, people leaning against the market too hard. >> everybody, thank you. guy add amy, threw. be sure to catch the rest of the "fast money" crew. they're asking one tesla investor why investors are so cared about the potential of an apple car. >>> you may be shocked by just how much one pharma company has raised the price of one of their drugs. comments from the ceo behind this price hike. >>> first, did netflix lose a major battle in the streaming wars after huge wins for amazon. you're watching cnbc, first in business worldwide. >>> nice day for tech and financials. let's tend send it over t