i think there's levels probably closer to 100. >> except for citron it says 60. that would be it. >> it's got to get to 100 first, though, before it gets to 60. just saying, good point by me. >> that's why we have you here. up next twitter on fire. the social stock soaring on renewed takeover talks. could a deal for twitter be closer than you think? plus the biggest week for companies going public kicking off on monday. with 12 potential ipos on deck. but could that actually be a bad sign for the rally, a top? we'll explain why. and later, the big airlines flying high tied for a change lately. could one of the best reads on the market be signaling that we are in for another breakout ahead? all of that and more ahead on "fast." leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought. c

that was a pretty scathing note from citron research on this company. >> i didn't see that. happily i stay away from that kind of stuff. just the facts. the issue is this -- that we have something of a key reversal day. record volume at or near 10 million. a flare-up on the week. big weekend. then close on the absolute low. that has all the signs of a capitutory buy, people panicking to get in and nothing beneath it. we would stay, yeah? >> this is a situation where we basically wanted to take a bearish position while limiting our risk which is why we were selling a call spread to do this trade. one of the things we were looking for was some kind of a catalyst because we touched on the valuation issues and the fact that the stock looked like a hockey stick. i absolutely think that what we do, look, we have until july. sit with the trade right now. >> let's take a tweet. steve says "awesome show. how do you guys feel about july 125/130 vertical call spreads in the iwm?" dan. >> it's interesting you choose the iwm. the performance year to date has more than doubled the s&p. if

the target of a negative report from "citron." firm cites headwinds like commoditization of the product. the stock has seen a lot of up side momentum up 135% just this year a. loan. the move though has put it about 10% above average analyst wall street target prices so again, interesting now out of amberella this particular research report from citron. back over to you. >>> carmax reporting weaker than expected sales growth in may though the company's profits met wall street expectations. the stock up nearly 54% since last year. >>> kb homes reporting better than expected earnings bolstered by increased demand in the housing market. >>> the financial services company state street corporation saying the securities and exchange commission is accusing the company of violating securities laws. shares up over 6% in the past three months. >>> shares of cigna up more than 13% this week alone after reports that anthem was trying to buy the company. it could be a lot more action in health care. morgan brennan's been looking at -- everyone

it traded nine million friday on the citron downgrade. it traded 25 million yesterday.e kind of washout bottom you look for. at least i did. a lot of folks on twitter were saying what about the technicals? every ship at the bottom of the sea is loaded with charts, folks. so i don't just go by technicals this was a washout, it felt like that yesterday. that's why i bought it. >> quickly, this gopro deal. the upgrade? >> i know pete has been a big fan, i certainly am as well. i think gopro, whether or not the drone ends up being something really huge for them, i don't know. but i think that they're expanding their observings, they're the name. you're not going to take masking tape or tape an iphone to your helmet and produce the same sort of videos you can with a gopro. >> bond yields moving hirer. jackie zde angelis with more. >> you guys did talk about bond yield and we watch them earlier in the session, over 2.4%. jim you're yoe, i want to get your take on where you think yields are going from here. how does that have an impact? >> the market seems to tell us yesterday

next up gopro supplier ambarella crashing closing near the lows of the day after short seller citron research called the company's valuation ridiculous on friday. that also dragged down shares of gopro as well. >> huge move on friday. bigger move today. we talked about $100 not because it's 100 but it was a 50% correction. the $70 level's where the stock sort of flatlined back in the fall, spiked immediately to 130. should have held 100 fade. it did not. trade monster volume. you wait for it to recapture 100 if it does and then maybe try to buy the bounce from them. the sell-off in gopro for me was overdone today. i thought the stock had tailwinds. people today were using gopros as a way to proxy short ambarella ambarella. i think that's a mistake. >> i think it's a mistake too and it's an opportunity for gopro. even though it's had this big run you wanted to see this pullback. now you're getting the opportunity after this huge run to the up side gopro's been on. international expansion and it's brand. i think aum of those contribute to the fact that gopro should go higher. >> why bu

citron said the company valuations was ridiculous and slapped edped 60 price value on the stock. >> goproed down. not nearly as much as ambarella which is down 22%. joining us is charlie anderson. he has a neutral rating on ambarella. sounds like you don't necessarily agree with the research that valuation is ridiculous and stock going down to $60. >> no. i wouldn't use that colorful language. we are neutral. the stock is trading roughly nine times this year's sales. this's rich for a semi. we prefer a lower number to buy shares. we wouldn't say the stock is going to $60 or something like that. fundamentals are good with this name. >> clearly, gopro was one of those momentum stocks that everybody loved. pushing it higher like they did tesla. pick your favorite in that regard. is that partly what is coming out of not only this one but ambarella, as well? >> these stocks will trade in sympathy with one another from time to time. i would say on gopro, we put out a note we thought father's day was okay. there may be some independent issues there. you also should note fitbit is doing quite wel

citron research friday called the stock price ridiculous and said a 12-month price target of $60. half of thursday's closing value. the stock is also falling today in sympathy with gopro. those two stocks have been darlings for a while but they're back a lot of those gains. we'll see as we approach the closing bell today. >>> do you get the feeling that your teenager knows more about technology than you ever will? i certainly do. do they crush you at candy crush? you can imagine what happens when they're set loose on a mock trading floor and have to battle it out for stock picking supremacy. that's straight ahead. "power lunch" is back in two. ♪ mamas, don't let your babies grow up to be cowboys ♪ ♪ don't let'em pick guitars and drive them old trucks ♪ boys? ♪ mamas, don't let your babies...♪ stop less. go more. the passat tdi clean diesel with up to 814 hwy miles per tank. hurry in and you can get 0% apr plus a one-thousand dollar volkswagen credit bonus on 2015 passat tdi clean diesel models. ♪ i built my business with passion. but i keep it growing by making every dollar count.

short selling firm citron research called the share price ridiculous. they assigned a 12-month price target of $60. today it's just under $120. they are looking to have the stock cut in half. >> anybody can read their case. nothing is ever that simple. while they are in the gopro cameras, there are concerns they lay out where they have value at and have an edge and how much are we going to move to 4k cameras. >>> crude oil dipping on the final trading day of the week. jackie deangelis live from the nymex. >> the closing price for wti, $59.61, down 0.5% on the week. up 3% on the month. what was interesting today, traders telling me they're changing their tune on summer driving demand. inventory build in gasoline this week leading them to believe maybe consumers aren't hitting the road the way they do seasonably at this time of year despite the fact gasoline is averaging about $2.80 a gallon. we got counts from baker hughes. oil rigs down only four. it didn't help out much today. final point from saudi arabia the oil minister making comments leading the m

citron which is sometimes good and sometimes bad.hey put out a piece saying ambarella is way overvalued. i question whether that's the case but this morning there's a lot of movement. here's the thing about ambarella ambarella. this is not just a go pro story. it's chow me which is how you pronounce it. it's koimcomcast. it's all remote every time you have those. some of the remote security camera, it's them. this is a connected play and it's a strong play. let's not say it's a go pro play. it's bigger than go pro. >> all right. >> so ambarella, the battle is on. shorts versus longs. i was going to mention fitbit but i'm so hated at likingeing fitbit at 30. i do think that there is fitbit people shorted that on friday ambarella, people heavily short that. 25% of the float. nobody shorted at&t. >> fit bit up again after three days up. you said you blessed it to 35. what about 37? >> it's still inexpensive there. you could take it much higher. i was talking to ben soda who works with me on mad money and we said why don't we say sell it