The Fast Money Misfires
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires
Just this past Tuesday, The Negotiator rolled the dice on a gaming play.
He said, "I like Las Vegas Sands (LVS) here, I think LVS is a good one." In Vegas they call that a bust. Shares of LVS slid 19% since Adami's call.
Guy thinks LVS will be a buy down the road, but right now he prefers Boyd Gaming (BYD).
On October 4th, The Ambassador was bullish on a financial stock. At the time he said, "Merrill's stock has really underperformed some of their peers. It certainly looks cheap relative to the others. I am a buyer on relative value.” Once again everything is relative. Shares of Merrill (MER) have fallen 19% on fears of the credit crisis and additional write-downs.
Tim Seymour recommends staying with the trade.
A week ago the Lone Wolf was howling over this consumer staple. He said, "Proctor and Gamble – it’s been knocking the cover off the ball. I like this space better, it's safer, they're doing great. I wanna be long Proctor and Gamble (PG)." But shares of P&G are down 3% since the call.
Jeff Macke thinks P&G works long-term.
Last Friday The Chairwoman made this call about this high rising commodity. She said, "I'm gonna’ go along with our Tesoro guy. Short Oil." But it’s up 6% since Karen's sell call.
Karen Finerman says get out. It was a trade that didn’t work.
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Trader disclosure: On Nov. 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 (DIS), (INTC), (ATVI), (YHOO); Finerman's Firm And Finerman Own (C), (GS), (HD)Finerman's Firm Owns (KSS), (NMX), (TSO), (WMT), (YHOO), (TWX), (NYX), (PLCE), (BBW);Finerman's Firm Is Short (SPY), (IWM), (MDY); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (MER) And Owns (MER) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns (NMX) And (NMX) Options; Finerman's Firm Owns (SHOO) Calls; Finerman's Firm And Finerman Owns (FLS); Finerman's Firm And Finerman Own (KALU); Seygem Asset Management Owns (AAPL), (CTCM), (INTC), (MSFT), (TIE), (USU), (YHOO), (GLD), (ITU), (ABV), (TEO), (MER), (MBT); Seymour Owns (IMMR) Calls