Fast Money Recap June 11

• Disappointing day
• Nothing spectacular came out of AAPL developer conference and stock rolled over
• This is traders market
• Macy's is having integration problems
• Political turmoil in Ivory Coast which is major exporter of cocoa, so sell Nestle and Hershey's (HSY)
• Bearish corn report
• For nickel price collusion might be going on
• CROX has 25% short interest, today 36,000 calls out of 50,000 options
• MNKD is working on a diabetes drug, there is been huge options activity, and stock has moved higher over past couple of trading days, they might announce something about the drug trials on Needham conference this Wednesday
• YHOO is dead and Terry Semel (CEO) is over compensated
• Options activity indicates there BP might gobble up an ethanol producer possibly VSE but this may be unsubstantiated rumor
• New data suggests that there might be 1 in 85 people suffering with Alzheimer's disease by 2050, some of the companies with surging stocks are MDVN, NRMX, MYGN
• A multi billion dollar weight loss drug from Sanofi-Aventis (SNY)
• How to make money from plastic replacing cash? CEO of Jack Henry & Assoc (JKHY) mentioned that there is a significant decline in usage of checks, there is significant growth around 30% in payment processing business e.g. ATM, debit card, electronic bill payment etc
• Latin American trade: HXM (shortage of 4.2mil homes in Mexico each year there is demand of 700,000), CIB (re-elected president intends to turn Colombia into Chile), ABV (Brizal), CX (Mexico)
• Final trade: SXR, DOG, NOK, T