Fast Money Misfires
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
Gary from Utah writes, “Guy, what’s up with your takeover call on NYSE Euronext (NYX)?” (Guy Adami had said it would be sold by Labor Day.)
“I still think it gets sold, says the Negotiator, but I wasn’t right about the timing.
On November 1st the Pit Boss recommended Manitowoc (MTW), a US crane company.
But shares of the stock fell like an old building on a construction site, down as much as 10% since the call.
The global growth story isn’t over, says Pete Najarian. Hold onto this stock.
The Chairwoman has some explaining to do. On November 8th she recommended a biotech —and back in September she said FiberTower (FTWR) was a buy, because it should benefit from a “back haul build.”
But since the call Bigoen (BIIB) dropped about 7% and FiberTower slipped a whopping 32%.
I’ve been a little disappointed with Biogen. However, I was clear about FiberTower, says Finerman. It’s risky. I think it will either go to zero or it will skyrocket. And, no matter what, it’s a long term play.
He's off the hook, this week.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On Nov. 16, 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 (INTC), (YHOO); Najarian Owns (EMC)
Najarian Owns (CSCO) Options, (MSFT) Options,(YHOO) Options, (GOOG) Options; Finerman Owns (ASD); Finerman's Firm And Finerman Own (FTWR), (GS); Finerman's Firm Owns (KSS), (WMT), (CROX), (YHOO),(NYX); Finerman's Firm Owns (BEAS) Options, (BIIB) Options, (NVT) Options, (NMX) Options, (MSFT) Options; Finerman's Firm Is Short (LEH), (MTW), (IJR), (IYR), (MDY), (IWM), (SPY); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm And Finerman Owned (FTWR) On 9/11/07; Finerman's Firm Owned (BIIB) Options On 11/8/07; Finerman's Firm Owns (HD) And (HD) Options, Finerman Owns (HD)