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Fast Money Mail – We Answer Your Questions

Wednesday, 3 Oct 2007 | 11:11 AM ET

Time to reach into the Fast Money mailbag and answer a few more questions. Bob writes, “We have seen a big run in Las Vegas Sands (LVS) and Melco Entertainment (MPEL). What can we anticipate now and in the future?

Bob from New York

Bob writes, “We have seen a big run in Las Vegas Sands (LVS) and Melco Entertainment (MPEL). What can we anticipate now and in the future? Will Macau continue to expand or get oversaturated?

Pete Najarian prefers Wynn Resorts (WYNN) and tells Bob he believes WYNN has greater upside than LVS.

Money Mail
The Fast Money guys answer your stock questions.

Dean from New York

Dean writes, “I love your show. I feel you haven't focused enough on contrarian opportunities though. There are plenty of fantastic real estate companies and trusts that have unfairly been beaten down since August and, while the rest of the market has recovered, they have lagged. One such company is CB Richard Ellis (CBG) which has fallen from $42 and is now trading at $28. Don't you think that as diversified and as global a business should continue to grow at a healthy pace?

Guy Adami tells Dean it’s okay to own CBG as a trade with a stop below $24. (It’s worth noting that CBG closed at $27.97 on Tuesday October 2nd.)

Shibu from New Jersey

Shibu writes, “I've made some serious fast money on some trades but haven't pulled the trigger on some others. For example: Research In Motion (RIMM), NVIDIA (NVDA), EMC Corp (EMC), Blue Nile (NILE), & Apple (APPL). Do I sell this tech-heavy basket now or wait until just before their individual earnings?

Jeff Macke tells Shibu to take some of the gains off the table.

  Price   Change %Change
ALS30
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EMC
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LVS
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6883
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NILE
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NVDA
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BB
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WYNN
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Trader disclosure: On Oct 2, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), (EMC); Najarian Owns (BIDU), (UA), (PDLI); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm Owns (DAI), (LEN), (NVT), (NMX), (NYX), (KSS); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts;

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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