ATTACK OF THE 'CLONES
The headline: Najarian Seeing Unusual Options Activity In Biotech Firm ImClone (IMCL).
Pete Najarian is seeing buying of upside calls which he interprets to be positive. He thinks ImClone stock is going higher.
The headline: Rail Stocks Tumble Despite Dealmaking.
Guy Adami suggests Warrren Buffett may boost his stake In Burlington Northern (BNI) to 25%. He recommends buying BNI here and stopping out below 80.
TAKE YOUR POSITION: SMITH & WESSON
The headline: Smith & Wesson (SWHC) To Report Earnings Tomorrow After The Bell.
Guy Adami says SWHC was a $10 stock in January and its $21 now. Although he loves this stock Guy adds “you can’t chase it here.”