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No. 1 - Get Short-y

After a four year bull market, you need to start trading both sides of the ball. It's a schizophrenic market. Last Tuesday it sold-off violently, then came back with a vengeance. This market may be telling you that the days of buy, hold and hope are over. Not only do you have to know who to bet for you've got to know who to bet against (or who to short) - whether it's sensing the next mortgage implosion or detecting an overvalued tech play. How do you find the toxic stocks in this roller coaster market?

Jeff Macke says he was looking for strength today in the market. In terms of Dell (DELL), he says this is a name to bet against. They had every chance to turn the company around and they didn’t. The shares have about $4 to fall to the $18 area, according to Macke.

Eric Bolling agreed, saying there is nothing to like about the Dell chart. His short is Mastercard (MA). Eric telestrated on the chart that it has broken through resistance in the $102 area and is therefore headed back to its breakout point of $85 from last November.

Tim Strazzini's shorts are Avon (AVP) and WellCare Health Plans (WCG).

Guy Adami agreed and joked that Avon is over because they just signed Jennifer Hudson to a deal and 14 of her 15 minutes of fame are over! Guy also says Advanced Micro Devices (AMD) is a name to short. AMD doesn’t realize how big a pricing war they’re in with Intel (INTC). He predicts this stock will go to 12 from it's current $14 level.

Trader disclosure:
On MAR 7, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Strazzini Owns (HAL), (YHOO), Is Short (WCG). Bolling Owns (BP), (XOM), Gold, Silver, Soybeans, Is Short S&P Futures, Is short Nasdaq Futures, Is Short Corn

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