getting long is that andrew luck essentially said or citron essentially said they don't think the newhing, make any calls or make any decisions that will torpedo the stock. they'll be very careful. >> i think they're holding their hands. >> that could be, too. >> what's interesting is the street is now with the falling of the tank putting valuations on things. asset sales, delevering the broader strategy it's really a case if you feel like you've got transparency and filings in place and you know what the assets are you can do the math. that is partly what i think people are doing. >> for the last couple of days/weeks, i feel like it's worth a flier to get long. >> really? >> but you have to have a clear stop. and you can't get emotionally attached. you can't say, here's the next line. we all do that when we trade. i think you use a middle to low 20s for your stop. >> if you do that i think the only way you do it is with options. >> premium crazy? >> it used to be. it's still crazy, it's just less crazy than what it was. it was trading over 300% volatility, now it's under 100%. the pr

citron pounding the table on cnbc. but get this, the stock surged. we'll explain what's behind that move. plus, the dean of valuation of the favorite growth stock has a major problem. he'll tell us why he thinks amazon should be trading at half its value when "fast money" returns. there are two things you shouldn't do after a kidney infection. go skiing. and skip your meds. good thing for me there's optum. with my optum pharmacy plan, they discovered my prescription wasn't filled when i left the hospital. they called to remind me about taking my antibiotics so i don't end up back in the er. and this run down the mountain... let's keep between us. this is healthier, powered by optum. from health plans to providers to employers. we connect all parts of health care. healthier is here. >>> welcome back to "fast money." valeant seeing big gains on the day. citron reversing course on valeant and getting long on the stock. >> it got to a point, actually, i figured, i'm going to put my money where my mouth is. and i got $1 million check, cashier's check to t

considering selling part of all of its 14% stake in europe's second largest carmaker that is psa citron. this comes as the report says the government could use the sale for cash injections for other state-backed firms. it has risen over 50% over the last two years. >>> as usual, get in touch, it's wonderful hearing from you you can e-mail the show streetsignseurope. >> i'm @nancy cnbc. and you? >> i'm louisa bojesen. get them in. otherwise there's a backlog. >>> still to come here on "street s"sign- stocks something to sink their teeth into. our stock crew will be giving us a few tips on which stocks he favors at the moment. more on that after this break. >>> hi, everybody. welcome back. you're still watching "street signs" here on cnbc. fun, food and hygiene, not just some of the ingredients of a happy life, especially if you put them together. but for my next guest, though, they provide the backdrop for his top stock picks for the month. alex sconce is with us from hectogon. >> how is the stock business. >> activision is a wonderful company, since we've been investing in since februar

people wouldn't have known about some of the issues at valeant without andrew left and citron. people swroent known about issues at enron without jim chenos. do you think the environment is getting better in your mind for what short sellers do for a living because of the kind of stories that you all have uncovered? >> short selling is a initial. i'm a niche of a niche. and i think that in the u.s. it is more tolerant. you know, globally, we have been active in europe recently. there's a lot of resistance to the idea of criticizing a public company. and, you know, my come back to that is, look, capital markets are really as important as political issues. i mean they affect almost everybody on the facest earth. if we can't criticize certain market participants, that's akin to not being able to criticize political leaders. so there are parts of the world where that message hasn't gone through yet. >> you're never going to be the most popular guy at a wall street cocktail party. but that's okay. i think the short sellers play a very important role in uncovering market malfeasance a

citron research left last in the paul last year.e was the reason that valeant shares went into a tailspin. they're trying to see what he's up to. back to you guys. >> wow. he's like never mind. >> oh, i know. valeant tried to say some things. we know tepper was involved. bill miller. if you fall 90%, you start to get some lows, apparently from the people who drive you down that much. >> we have a cnbc news update right now with sharon epperson. >> hey, bill. a well backed campaign backed by a millionaire has collected enough signatures to raise the tax on cigarettes. it would triple the tax to $2.87 a pack. >>> the speak of the alabama house is going on trial on felony ethic charges that could result in his removal from office. jury selection beginning today for mike hubbard who's phasing 23 counts of using his office for personal gain. >>> nintendo says it will up its game in the film business. nintendo will reportedly invest proceeds by selling its stakes. and a burger king in finland has made the idea of enjoying a whopper in a s