Fast Money Mail: We Answer Your Questions
Time to reach into the Fast Money mail bag and answer more of your questions. Chas writes, “With Starbucks (SBUX) gaining shelf space in grocery stores over Folgers, how will this affect sales at Starbucks stores for the very same item?
Trent from Washington
Trent writes, “Can you please comment where you see Apple (AAPL) and Research in Motion (RIMM) going in the next 6 months? Really break it down for me and shoot for a target price.”
Guy Adami tells Trent that he thinks Apple could miss earnings this quarter when they report Oct. 22nd. He recommends buying at $130 and selling at $170.
Adami adds RIMM is a buy if it trades below $100. And if it doesn’t dip that low, buy it at $105.
Chas from California
Chas writes, “With Starbucks (SBUX) gaining shelf space in grocery stores over Folgers, how will this affect sales at Starbucks stores for the very same item?
Jeff Macke tells Chas he thinks SBUX is a short or a sell. Macke would prefer the company concentrate on “fixing” their stores.
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Trader disclosure: On Oct 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 Macke Owns (EMC), (HAS), (INTC), (JWN), (ATVI): Najarian Owns (GOOG); Najarian Owns (EMC) Call Options: Finerman's Firm And Finerman Own (ASD): Finerman's Firm Owns (DAI), (LTD), (MSFT), (NYX), (NMX), (TGT). (WMT), (GS), (COP): Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts: GE Is The Parent Company Of CNBC