xle. >> dan >> so, microsoft, if you're cautiously optimistic, it makes sense to call for consol dag >> thanks so much for watching for more, check out our website. have a gat wke a wreeendnde'll see you back here next friday. and we'll see you back here next friday my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a market somewhere. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. i'm just trying to make money. my job is not just to entertain y you. call me or tweet me. close watchers of "mad money" know i'm not a choice, but i do play one weekly.
given that i base almost all of my work on fundamental factors related to the companies i study and not the shape of their charts, the off the charts segment is for my traditional stock picki methods it's proven to get a i lot of people involved. not for a minute as i explain and get rich carefully where i devote a whole chapter to charting have i become a chartist i still single out stocks to study the fundamentals, the research, the annuals, and i overlay them on my broader world view at the moment charters could care less about this stuff they often don't care what the company does i wonder if they can do their jobs with the company's names blacked out. in fact i'm sure they can. some of them hate the distraction for fear it would bias them against the stocks chart. you imagine?
i've become pretty proficient at charting over the years, but i still rely on the work of technicians and to learn techniques i can in turn teach you. that's why tonight i am picking the best of the best charts of some of the best technicians we have worked with exploring the patterns that have become reliable i'm pretty astonished at how accurate they can be i guess you have to call me a long-term believer that's why i've started every saturday morning for the last 30 years reading the trend line daily action stock charts formerly on paper, now on electronic distribution. they can take hundreds of charts and match the charts with the patterns i have learned. and they go for the research most available and become segments on the show you see later in the week. why do the charts work people always want to know first you must consider them as if they are footprints at the scene of a crime they trace out what big money managers might be doing with buying and selling of dollars.
these portfolios with large funds often know more than others including you and me, the charts of where their money goes, the charts of the stocks put together clues that these big boys leave second reason to care, there's a remarkable self-fulfilling nature of charting stocks. so many professionals look at them that they will simply avoid charts and find stocks to own, stocks with charts that are pressing positive moves in the past don't i know it? when i worked with karen cramer, she would look at the charts each morning seeking ones that stood out as potential breakouts and breakdowns and then have me research the ones with most predictable patterns to get a hand on what might really be being on we've got some of our best idea from some of those brain storming sessions. to produce excellent short and long term results. all of charting tstarts with th
internals. patterns about stocks in the aggregate that give you cliues o the direction of the entire stock market there has been tremendous skepticism about any advance of stocks i believe the systemic risks have been reduced, i know each rally creates a worrisome set of risks. maybe you fear you're coming in at a level that could turnout to be let's say too late, too high. you will lose money either way technical analysis includes analyzing to help you determine the overall drirection of the market more important than ever that it might be influenced by the tug of the s&p everything hinges on putting together the charts of individual companies and the charts of bigger averages to create comparisons that elucidate and illuminate
conclusions about true market strength they're looking what is known as confirmation of a move to detect its legitimacy i think confirmations are incredibly important to the safety of a move they need to be explained closely. the most important and obvious confirmation, let's say the dow jones average hits a new high. historically that high will not be sustainable unless the dow jones transportation index also hits a high or confirms the breakout status of the dow itself the dow jones transportation index is a measure of commerce tracking trains, planes, trucks, freight forwarding really isn't that a good gauge both the industrials and the transports hit new highs, i often tell you that the move is legitimate and it can be trusted. it is real this is some of the oldest technical work dating back to charles dow, the founder and editor of the "wall street journal" who created the dow theory to validate rallies you often hear at the top of the show they like how the transports are acting. that's because i'm trying to see
if the move is staying power in order to bless it. i look at a host of other indicators the housing index, i look at the semi conductor and the rth. that's that all-important etf that encompasses the big retailers. like to see them move up in sync before i bless a market move for you. you have to put the maximum amount of chips on the table oh, boy, but is the inverse true if we get a move, a move up without confirmation from the majority of these, the whole rally could be a fakout. and can't be trusted the classic example, if you go back to the move up to record highs before the great recession, you won't notice something pretty incredible if you go back and study it you will notice that there was almost no participation among the financials, the retailers, or the techs technical analysis got you out of that market before it was too late if you followed those indicators did much better than the fundamentals what are the other internals i
look at? i analyze the advances and figure out whether the rally is too concentrated i like a market with good breath or a lot of participation by many different groups. i look at the new high, new low ratio. it isn't easy to get on the new high list. second, the sector's got to be strong third, larger forces, the federal reserve, interest rates, politics to be aligned to make stoc stocks successful to get on that list you run the gauntlet, you have a good stock, a stock i probably want to buy. and if there are a lot of stocks in the new high list for many different industries, that's actually a terrific sign here's the bottom line you may not be a technician, but you need to know what the charts are saying you need to know how to read the internals to verify a real move or a phoney one. stay tuned and we'll go over a whole host of predictive
patterns, not just on the off the charts today, but in stock collection every single day. jim in michigan, jim >> hi. how are you? thanks for taking my call. >> of course thrilled that you called what's sn what's up. >> caller: i got a question for you. in the segment you were talking about secular stocks can you define for me once again what a secular stock and maybe give me an example or two? >> certainly look, this is is a very important issue because it's a term that gets thrown around secular means is something that does not need the gross domestic product of the world to increase in order for it to be able to beat the numbers some of the classic secular grower stocks would be some of the bio techs, some of the retailers that have terrific growth gary in california, gary >> caller: mr. cramer boo ya to you. my question is regarding
dividends in a down market search f. you' search if you're accumulating dividends, is it better to reinvest in a down market or to take the money as cash and then possibly reinvest that in other opportunities? >> you see, we don't know when a down face is going to end and we know the power of compounding is an amazing thing we're going to stick always on this show, i know it sounds pretty pedestrian, but we're always going to opt in favor of re reinvestment because fortunes have been made i've got to go with that regardless of the near term consequences because i'm thinking long term for you fundamentals, they're a key. but technicals matter too. tonight i'm bringing you into the world of master mind chartists so you can learn to see the whole picture behind the stock moves. we know the chart's important, but what technical tool can help you detect floors and ceilings i'm revealing it how can you tell if a company is
over bought or over sold and mixes patterns isn't only for fashion. i'm highlighting the patterns worth banking when it comes to investing. so why don't you stick with cramer >> don't miss a second of "mad money. have a question? tweet kramer #madtweets send an e-mail to cnbc.com or give us a call 800-743-cnbc missed something he head to madmoneycnbc.com
♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ kramer cram . tonight we are offering the best of the best of technical analysis one-stop shop of everything you need to know to augment your investing with that of some of the best chartists in the land let's work on something that's been the province of the best chart work on the show spotting bottoms for best entry points and examining sealinceils for the best places to exit or sell when you pick individual stocks you're betting from the moment you buy them that they're going to go higher i know, pretty simple concept. how often do you fundamental
work on a company and try to figure if it's the right decision to pull the trigger because your homework is finished and it might be a terrible time and you're buying oblivious to the stock my homework is done. let go buy maybe it's not the right moment. after all the work i've done, you're short sided if you don't do all the homework. it's not just the right time since you've done the homework i would consider looking at the chart as part of the homework. get that in your head. get it ingrained into your thinking sometimes fining bottoms after long declines can be lucrative let's go back to the bottom of 2009 i had a sense the decline philosophy was lessening i had already heard mark haines make the bottom call based on his innate feeling i know my friend doug who writes with me, sometimes known as being an aggressive bear had
turned positive. i was still skittish about picking any individual stock to recommend to you so i was looking for a situation that seemed about as bulletproof as i could find. i came up with at&t, the phone company. it had so much going for it. go back in the way back machine. included a smashing rollout of the apple iphone which was going to produce record profits. had an outside and yield 6.2%. the yield was much higher than any stock in the dow still, though, the stock kept plunging every time i thought it might affirm footing i had done my research, thought it was time to buy no no check the chart. so i waited for a few days and decided that at least the level might be right and the stock would hold in moments like its best to check with the charter i did. they all agree if found a strong
foundation and was worth considering for an investment. they didn't care at all about the fundamentals all four technicians agree that at&t had established what is known as a climax low at 21 back in the tsunami of selling that was this period. you just have to understand that we are at one of those moments that was so hideous. you can see the big lift in stock. i don't want to give away the story. that's where lots of sellers had ca pit lated but buyers had started to step up to create a base. see the extendedbase or floor of the stock at that level. they arrived at that judgment by looking at the volume, the sum of all the transactions during that period had expanded to a level far in excess of normal periods trading. then boom, take a look at that.l that's a sign the buyer his exhausted themselves most of the big portfolios
wanted out of the stock. they had fled it by now. the buyers step up to meet the supply with a level of demand. think of it like this. until you got the climax, there were so many more sellers than buyers that they knocked the stock down bad tomb to buy. climax is a sign those potential sellers who have been holding on for some time are finally giving up on mass big give up. remember technicians don't care why that would be the case they're just monitoring price and buying when they see that buying gets larg larger expans but the stock doesn't go down it means its found its floor. it's time to buy it's safe. that's -- that's the basic. that's going to happen when a stock takes out resistance overhead okay to examine the possibilities of
a stock the technicians don't just look at the closing price and the graft that price against the previous day's or weeks, they don't just look and say that looks good, that looks bad. that's not helpful it doesn't yield a true picture. instead technicians use what is known as a moving average. a moving average is formed by taking the closing prices of a stock over a period of time and then adding those prices up and then dividing those prices by the days and particular measured period i'm doing everything tonight i'm breaking it down you can measure a moving average over a ten day period. each subsequent day you add in the new close and drop off the earliyest price to get the sum of the ten day measuring period. the four technicians i checked in with for at&t, they used a longer tem view. they noticed even though at&t had found a floor at the $21 level, that the stock had repeatedly bounced off of, it
kept failing meaning couldn't get through, failing to move up above the 200 day moving average. they had plot today and done the same amount of work. that created what looked to be a ceiling. see the sealing? there's nothing you do they felt every time it got there, the stock was capped. then at least, at&t cracked through the ceiling of resistance and that's the 200 day moving average that was the signal that was the signal that at&t could generate a great trade or investment the old roof became a new floor. here's your new floor. every time the moving average went above the old roof, it would create the possibility of a new floor. then the stock would come back and test that floor. that pattern emboldens buyers t. didn't go back to where that climax low was it held. looking back at the beautiful bottoming that we see here with
at&t, it now seems like child plays, doesn't it? of course it's not going down. at that moment it was anything but easy at the same time these analysts were saying the bottom is in and it was time to buy, the fundamental analysts were scared out of their wits. they were all scared to death right here some were even worrying about pension obligations that could cause the dividend to be slashed. something that was way, way wrong. but it scared the heck out of me remember how many were in the stick for the dividend it cause today blast off here's the bottom line when you see this kind of reliable pattern, despite what the fundamental analysts might be saying, you have to use the discipline that they give you to pull the trigger and take advantage of a fabulous buying opportunity that might be overlooked after the market take a real shellacking
capitulate shella . welcome back to our special technical show the next crucial thing for technicians, whether stock is over bought or over sold and maybe ready for bounce you determine whether a stock is overbought or oversold by charting the ratio of higher closes also known as the relative strength index or rsi. it measures the direction the stock is going and the vels on tee of the move. perhaps the relative strength of it's sector or that of a larger index. we're also looking for anomalies where strength stands out. that's the sign of a pending move perhaps a switch we wouldn't know if we just read the research on the stock. i often turn to bob lang and tim collins both of whom have done work on this topic many technicians vary the length of time over which they measure. collins like to use shorter periods of time. ten days, two weeks.
they're looking for any pattern that reverses the action of the previous period because that's the sign that a breakout or a breakdown of some magnitude might be upon on they love strong relative strength situations. but they also like to time their buys after pull backs to get that better entry point. theycal really care about bases. over bought stocks are ones with many buy ares reaching to take in supply tend to snap back if they've gotten too far away from their longer term tend line. the inverse can be true too. a stock can fall so far so fast you expect a snap back because it's oversold. we see these patterns constantly they're indicators that a change in direction is about to occur these are terrific action points, people if you are debating buying a stock after you've done all the research, i usually tell you to wait for a pull back it almost always comes that's because they've done enough chart work to know the
vast majority of stocks over shoot directions and come back to entry or exit points. retracing is not necessarily negative charting though is tricky. periodically some stocks are so strong they breakthrough all the ceilings of all traditional significant measurement periods and then they stay over bought for perhaps weeks at a time defining the trading patterns that trap them within the bands of extreme just can't be contained by any of the various ceilings that overbought conditions usually bump into and come crashing down from when you spot these highly unusual moves, you know what you may have to strap yourself in to get a real moon shot let's take a look at this one. this is what i mean. this is rare but when it happens, it's big money. we saw it occur in july of 2009 as dan fitzpatrick pointed out to me using a momentum indicator that helped spot a bottom this time in las vegas sands.
the summer stock of las vegas sands had stalled at the $10 falling every time it hit. just not working but when the bulls finally broke out there was no stopping them and the stock gained its strength that's a very rare pattern you see this thing it just stayed over bought which told you good things were going to be ahead. it never retreated as you would have expected. buyers wouldn't quit despite the stock being overbought that is a sign the strongest kind of positive move in the back might be taking place at any given time i'd expect a pull back, but no you had that gigantic long term over bought. this stock proceeded to go from $10 to $48 pretty much in a straight line with no substantive pull back to speak of over bought condition that can stay overbought is a golden opportunity for a huge move.
take him right back to being overbought again i like to marry the fundamentalist of the chart so i'm not dependent on the pictorial. what was happening that it was able to stay overbought? that's when the chief locust of profits went from being vegas to mccow, the only place in china gambling is legal. the charts told you about the transformation well ahead of the wall street analysts who were still dazed we had such a horrendous decline they weren't thinking about that here the chartests were thinking there's buyers lurking we often say that volume is a lie detector telling us whether move is for real or not. when there is a small move on white volume, the technicians ignore it. when there is a small move on heavy volume, the chartists drill down laser like to see if it's a precursor to something
bigger and more tradeable. chartists are looking for either accumulation on big volume meaning large money managers begin to a accumulate stock in an aggressive way or distribution that's a sin no nim for selling of a stock they measure the moves by something called accumulation distribution line. when the calculation of the accumulation destruction line is arcane charting whether its lower or higher on any given day, i care passionately about t because it can go against the grain of conventional think being stock. that's why i love charts they go against the fundamentals sometimes they're right. we saw them being right in monsanto in july of 2012 this is one i completely got wrong. thank heavens for the chart. i didn't care for this stock at the time i didn't like gmos i was kind of biased tim collins saw it another way
he said the accumulation distribution line showed while the stock had down bdays, you ha low lies and then heavy volume on the up days collins noted such a consistent persistent accumulation or buying pattern versus the distribution or selling pattern convinced him that large funds were billing positions to own the stock long term. not to rent it for a quick move t. turns out that what i didn't see, what i was so confused about was that monsanto stock had started to be correlated with the price of corn which was going higher back then because of new found demand for ethanol and jegender by government price supports i was concerned about earnings and was worried about a shortfall and wasn't thinking big picture but the charts showed you big picture the work of collins told you not to fear. it was showing you that something bigger was developing than just the quarterback. he was dead right. and a stock that i would have kept you out of turned out to be
a big winner when corn shot up taking monsanto stock and its earnings with it the big boys knew the relationship with corn and monsanto business. you were able to piggy back off their research which isolated the real underlying strength of the stock. i got smoked he sold. bottom line. we need to look at lots of different indicators to spot big moves. over bought oversold levels to spot important turns that might not be visible otherwise to those of trying to spot changes in the fundamentals. pou powerful moves can and often do elude those only focused on the underlying companies and not the action of the stocks themselves. let's go to dan in illinois. dan. >> caller: cramer, thank you for demist tiifying the market and helping us make it accessible. >> that's what i want. i want everybody to understand their money. that's my goal how can i help
>> thank you i'm wondering if i start with a small position in a stock, a company i like and the stock just keeps going up, the most it comes down is maybe 2, 2.5%, how can i get a more sizable stake >> someone says you missed it. discipline will cut off the down side which is far more important than cutting off the upside. if you bought a position in stock and it just kept going higher and you didn't get anymore, well, it's a trade and you got to take it i know people don't want to hear that, but when you violate your basis and pay up, i can show you for years and years and years for my trusts, i have done the work it is almost always a mistake. chartists use all different types of indicators to spot big moves. that helps them stay ahead of the game and now you're ahead too much more "mad money" ahead. head and shoulders isn't only used for preventing dandruff you're not going to want to miss my take on the dynamic
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we've learned a lot tonight about the key terms of tectical analysis now let's learn about some of the individual charts. even some of the patterns almost sound silly as if they're mimicking letters or shapes or even body parts. i learned not to ignore one of the most simple but by far the most reliable patterns out there. the dreaded head and shoulders pattern. took a giant bath in red ink because of that ill-informed or
early buy. you learn from my mistakes we didn't become exnanamored ofe great works. more in proprietary forms of aluminum, something when it was announced to split into two separate companies take a look at alcoa enjoyed a healthy run for the winner of 2010 right up until february of 2011 rising from $13 up to $17 as its earnings trajectory seemed to have turned around not long after the stock hit 17 it took a dive back to 15. no reason i could discern. then it reversed and went back to 17. then up to 18 on the eve of the quarterly report i thought the quarter when it was announced was a fine one beating both the top and bottom lines. most of the time that's what you can ask for. what worried me was after a positive reaction the stock dropped down to 16 16 and change. on the news of that better than
expected quarter few days later tlrks , there we, back to 17 i felt almost vindicated go back and challenge the 18 level. so i went and bought more. i went and bought more right there. well, could i have been more wrong? i don't think so because that 17 to $15 dive represented on the chart as a point "a" and "b" then followed the run to "c," 18, back to 16, "d," finally 17, "e. you know what that is? that's a perfect head and shoulders pattern. yeah just like a human's head that is it that is the most frightening pattern in the entire chart book and alcoa traced it out just when i thauought we were out of the woods. what happened? europe and china began their slow downs he could control his own company
but not the price of the co mod dee itself still it was aluminum. over the next new years they could re -- that came after the completion of the brutal head and shoulders pattern from a few years before, one that cost the trust quite a pretty penny one of the things i admire about technician system their consistency. if a head and shoulders pattern signals trouble, an inverse signals the opposite at the beginning of 2013 lots of people thought the economy was taking off, running toward the food and drug stocks running toward the cyclicals the kind of rotation, that kind is usually the death nail for stocks that go higher only when the economy is slowing however, tim collins in an off the chart segment said you ought to take a hard look at pfizer. the world's largest pharmaceutical company would be the kind of company i would
shun i would normally never touch this when the economy is speeding up. but if you take a look at this chart, you see that pfizer traced out a left shoulder as it rallied through the month of october and then started declining aggressively in november and then december it caught a rally. and then a pull back to create the right shoulder the key with that is the neckline when a stock breaks out above that line it tells a technician you are about to witness a big big move pfizer's neckline was at $25.80. and collins predicted if you take out that neckline it could be in for a monster run. begin that money was pouring out of staples and drug stocks, i was con founded by this reverse head and shoulders pattern i didn't trust it one bit. i knew it was a bad stock. but collins said rotations
smotations, close your eyes and buy this talk. it was inconceivable sure enough, he was right. i was wrong. the stock almost instantly jumped more than 10% after collins told me to buy it. soon after he flagged this bullish reverse right here, the huge drug company tried to spin off its animal health division it was a shocker into a new and publicly traded company in a move that ultimately created $15 billion in value who knew the chart did. here's the bottom line patterns matter. when you see head and shoulders pattern, no matter how confident you might be, don't take any chances, sell, sell, sell at least some of it and when you see head and shoulders developing, even if it makes no sense, you've got to consider buying some that's how powerful these moves are. the chart work on these two patterns is vindicated for more
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tactical tac we run the gamut of technical training on this special show, including some of the basic patterns like head and shoulders and reverse head and shoulders that often press big down and up moves. those aren't the only chart patterns that can be relied on to tell us the truth when the fundamentals give us little insight into the direction of stocks one chart we've come to love on "mad money" is what's known as the cup and handle pattern we've seen it so often it's been so reliable i've use today to keep myself in stocks i might have been turned off on or shaken out by. take the stock of cramer f favorite domino's. we got behind when it was traded down to ten and was feeling greedy when it traded up to $30. it began to drift down i hate these kinds of turning situations on no news. why?
because i'm always paranoid to believe something might be happening and i don't know about and other guys do. when the analysts are iffy and the company isn't talking. that's when the technicians are most needed. so ed, one of our favorite chartists, and asked for his help to define if domino's moment had now come and gone here's what he sent us at the time when we reached out the stack had gbegun to drift back up we would have blessed telling you to sell. we thought the thrill might have been going maybe ring the register make the big gains. so tempting right there. no in fact, he told us to do the opposite that little advance was sign that he needed that all was well you had to loload the boat up w stock. he was anxious to show us why. with that return back up to 36, domino's was tracing out a perfect cup and handle formation. that's right
a pattern we have found as reliable as head and shoulders in predict ability, total launching pad for a much bigger move you caught the beginning of the cup at $36, then sloped down to $28 where the base of the cup was. i was really nervous right there. he told me not to be the stock then climbed back to $36. create the right side of the club then we got a $37 and that would be the beginning of a handle that almost always signals a much higher move it always goes like. very reliable. sure enough, his work nailed it. domino's received a double and then some from the base of the cup cup. this was positive action domino's right there, what they were doing, they were embracing technology the web and the cell phone, facebook, eliminate order takers let customers place orders on the net. we will have left a minimum of a
double on the table if it wrr weren't for his guides when i was concerned about monster beverage thought it run out of room, couldn't go higher i needed a chartist to give me the skinny i heard red bull of the crimping monster and there was the possibility of regulatory intervention in the energy drink business always deadly. ed set me straight check this one out he said that for months the stock of monster had been bouncing off its 100 day moving average. every time it looked like it was going down, right, it rebounded. look at. this rebound, rebound, rebound. he said that mon ter was straysitracin out a series of triangles also known as a -- when the stock hits the new line of resistance it punches right there he said anytime you get these formations which are short term consolidations that are prelude to a continuation pattern, you do not have to worry about a
stock running on empty as a matter of fact, buy with both hands stock at 49, then proceeded to jump to 79 con founding the nay sayers ultimately tied up in coke ca col la showing that energy drinks are here to stay. once again i would have been shaken out of this stock's move if it weren't for him and his chart hand holding there are a lot of variations of these different triangle formations look at this chart big move up. citigroup. everybody hate today in june, 20 the lows kept getting higher but the high stayed the same he loved this. this is what's known as a wedge pattern. collins finds it reliable. we've also had tremendous success following the works of callin you can't not mention her on
this show. the queen uses patterns found in nature we also like the work of carly garner who uses work from the trading commission to examine when too many hedge funds are leaning the wrong way on a commodity. they can kco-exist make peace with them both and you'll make more money than if you're blind to one more than the other and certainly to both. "mad money" back after the break. a used car,
hey, in charts you're looking for trends, finding big moves and the meaning behind them on twitter it can also tell you a lot. today i'm counting some of your top tweets to see what's trending of the first up we have a feel good tweet. thank you for all the good advice thanks to your books and hard work saving and investing, i retired at the age of 55 you know what? i want you to continue to own a lot of stocks. you're not going to get a lot of income from other activities from other bonds stocks, compound you get that dividend. keep reinvesting my 19-year-old son wants to start saving for retirement. do you have any advice unfortunately it's boring as all get out. start with an s&p index fund
find one with low fees, but stay put. once they put $10,000 aside. next, don't let the hateers get to you, jim. periodically i get tired, too, and i get a little anxiogry and get a little feisty. this is my little zone you come into my box, you're going to have to be tackled. i'm not looking the other way. next up, you want new inves teres to max out on index funds before maxing out -- again, this show is incorrectly known as some sort of trading show where we don't like index funds. we're an investing show where we demand you be an index fund. sorry for the misinterpretation
by you last but not least, excited to have found the jim cramer show at a young age the guy is a genius. value information for free i only wish my mom and dad were still alive. then finally they could say hey, i told you, jimmy. stay with cramer i didn't snub. i didn't mean to unless you traded back in the 1960s like i did in fifth grade. let me start over a second
>> narrator: in this episode of "american greed," a family at war. michael scripps, heir to a multimillion-dollar media empire, is charged with stealing millions from his mother, melissa. >> he sort of gets up in the morning, yawns, picks out, "i think i will send myself $17,383." >> narrator: but for years, melissa does not even notice. she has her own issues. >> melissa looks at me, goes, "hi. i'm melissa. would you like to smoke some opium?" >> narrator: and in this family, money is no object. >> there was talk about chartering private jets for their pets. >> narrator: and $90,000 goes to one night with high-priced strippers.