Question #1: Lauren from Maine says Broadcom (BRCM) held its own nicely today, given the overall market correction. Now that Broadcom is implementing new chips for Bluetooth devices, is this stock poised to reach new highs?
Tim Strazzini says the stock did behave great today and held up well during the sell-off. He says BRCM will benefit from growing technologies such as HDTV, Wi-Fi, and 80211 Adoption (which is an internal network in your house). Tim says the stock is cheap and it’s a buy.
Question #2: Courtney from New York asks, with the constant battle in the gaming sector, is Nintendo (NTDOY) the right play to make fast money or are there any other gaming stocks worth considering?
Jeff Macke says yes and yes. Nintendo is a great place to make money. Also troll for Activision (ATVI) at the $17 level, and Electronic Arts (ERTS) in the mid-40’s. Those are names to get long because their earnings are going to be spectacular in the second half of the year.
Question #3: Butch from Wisconsin says following advice from Guy Adami helped him make some fast money last week with ATVI. Now he hopes Guy can steer him in the right direction with Altria (MO).
Guy says once they spin-off Kraft on March 30, buy shares of Altria “when issued” (MO.W). Dylan explains that so-called “when issued” shares extract value, in this case, of Kraft. Guy says these shares will trade around $64 dollars. Guy thinks Altria will trade at a more tobacco-like valuation once the Kraft debt is off the books.
Quesiton #4: Henry from Maine asks with the market shake out, how should he play gold?
Eric Bolling says as always he thinks investors should buy gold, but don’t buy it at these levels. It’s not acting well because there was a big exodus out of commodities today as the market rolled over. Gold has further to go on the downside. $620 is an important level, he says. If it takes out $620 on the downside, get out of gold.
Eric also explains why the reason that the price of gold on Comex settles differently than GLD. Gold at Comex stops trading at 1:30 p.m. EST while GLD as an equity trades until 4:30 p.m. and its priced to a spot London price.
Questions? Comments? firstname.lastname@example.org
On MAR 13, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Bolling owns (ICE), (NMX), (PMI) put Options, (XOM), Gold, Silver, Soybeans, is short Corn. Strazzini owns (SNDK), (YHOO),(BRCM), (CHK), (MER). Najarian is short (MBI), is short (RYL), is short (CTX), is short (NDE), is short (HD), is short (HRB), is short (LOW), is short (HOG).