Question #1: Vicki from New York doesn’t anticipate an up-turn in the housing market anytime soon. She asks if she should short Bear Stearns (BSC) on the potential slowdown in its mortgage trading business?
Tim Strazzini says no. Instead he tells Vicki to swap out of Bear Stearns and buy Morgan Stanley (MS) or Merrill Lynch (MER) as long term investments, because they don’t have the mortgage exposure that BS has.
Question #2: Dwight from Texas wants to know if the introduction of Windows Vista and Windows Mobile will soon translate into an up tick for Microsoft's (MSFT) stock price
Jeff Macke says he’s bullish on MSFT because weakness from Vista is already priced into shares. The smallest amount of good news on Vista sales should send MSFT higher, he says.
Question #3: Sarah from Maine believes Apple's (AAPL) new iPhone will be quite popular when it debuts in June. Consequently, she wonders if National Semiconductor (NSM), the company manufacturing many of the chips for the iPhone, is a buy right now?
Eric Bolling doesn’t think so. Instead he tells Sarah to stay with AAPL if she believes in the iPhone. He also likes Research In Motion (RIMM) but recommends Sarah stay away from Motorola (MOT).
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Trader disclosure: On May 14, 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 (HLT), (MER);Bolling Owns (ICE), (NMX), (XOM), Gold, Silver, Coffee, Sugar Bolling Is Short S&P Futures Bolling Is Short Nasdaq Futures