Sometimes The Guys Get Burned
Of course, nobody’s perfect! Following are the recent picks didn’t quite pan out.
On May 2nd, The Negotiator was on a caffeine high and recommended buying Starbucks (SBUX) as a trade. He said "Growth in Russia and India (looks) great on paper."
Since then, the stock is down 5% after lower revenue.
Today, Guy says for a trade, investors can own SBUX here.
On May 2nd, The Admiral recommended Las Vegas Sands (LVS). He said “(they’re) doing well in Vegas, Macau….and Singapore…Stay with it."
Since then, shares are down 7% after LVS failed to recover from lower earnings
Today, Eric says investors who are in casino stocks for the short term should get out. For those who are in for the long haul, it’s okay to stay.
On May 3rd, The Lone Wolf recommended buying Actvision (ATVI). He said clearly, "I think you buy Activision, their stock."
Since then Activision is down 7% after negative Spider-Man game reviews.
Today, Jeff says buy the dips on the game makers.
On May 1st The Chairwoman recommended shares of Blockbuster (BBI). She said "I think the total access program is gaining some traction."
Since then, shares are down 18% after a wider loss in Q1
Today, Karen says get out.
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Trader disclosure: On May 11, 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),Gold, Silver; Finerman and/or her Firm Owns (BBI), (KBR), (HD), (FLS), (CX), (ASD), (WMT), (TYC), (GS), (INWK); Finerman's Firm Is Short (HAL)
Finerman's Firm Owed (BBI) On 5/1/07