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Trading the Pop in Bank of America

A pop in Bank of America stock midday Tuesday isn't enough to sell, Stephen Weiss of Short Hills Capital said.

"I still think it's cheap on a price-to-book basis, and I'm still positive on the economy, which means that net interest margins will increase. They'll make more money," he said. "I think you're seeing a turn in M&A also."

(Read More: M&A 'Almost Necessary': Mike Santoli)

On "Fast Money," Weiss said that he remained positive on the stock long-term.

Bank of America stock traded at $12.27, up 2 percent at 12:30 p.m. ET.

Josh Brown of Fusion Analytics said that now wasn't the time to sell.

"The thing is, I don't know a lot of people who are long in the stock that are looking to part with it just yet. It really seems to be strong even on down days," he said.

"The dips are being bought really quickly in this name, and until that dynamic changes, I'm not sure why anyone would want to walk away just yet."

Trader disclosure: On Feb. 19, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: JJ Kinahan is long AAPL; JJ Kinahan is long BAC; JJ Kinahan is long C; JJ Kinahan is long GS; JJ Kinahan is long WFC; JJ Kinahan is long CSCO; JJ Kinahan is long FB; JJ Kinahan is long MSFT; Stephen Weiss is long ESRX; Stephen Weiss is long BAC; Stephen Weiss is long TBF; Stephen Weiss is long C; Enis Taner is long GS; Enis Taner is short QCOM Put Spread; Enis Taner is long SPY Puts; Enis Taner is long HD Put Spread; Josh Brown is long AAPL; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long TLT; Josh Brown is long XLF; Josh Brown is long WMT.

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