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From Russia With Love

Parliamentary elections are slated for this Sunday, and despite an increasingly autocratic government, Russia’s market has been on fire. How should you trade it?

Here’s what Tim Seymour, aka The Ambassador has to say.

Russia's always been a natural resource play, but what you don't know is that those petro-dollars are going right to the people - giving you a brand new way to trade Russia, he explains.

Nine straight years of economic growth have given consumers from St. Petersburg to Vladivostok rubles to burn. And just like their Blackberry & iPhone loving counterparts in America, the Russian people need to stay connected while on the move.

It’s the mobile phone operators, like Vimpel-Communications (VIP) and Mobile TeleSystems (MBT), who are now seeing the big time growth, he adds. And both of those companies trade on the New York Stock Exchange.

Keep in mind Russia is part of a global market sell-off, so you may need to pick your spots before jumping in. But, if selected properly, those spots can make you some fast money!

* * *

Tim Seymour also tells the panel the iShares MSCI Emerging Markets Indx ETF (EEM) is another smart way to play Russia.

Symbol
Price
 
Change
%Change
725
---
MBT
---
VIP
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Trader disclosure: On Nov. 28, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (NAT), (EMC), (ISIS),Najarian Owns (BSC) Options, (COP) Options, (GOOG) Options, (YHOO) Options: Finerman's Firm Owns (PLCE), (TSO), (WMT), (YHOO), (LOW): Finerman's Firm Owns (BIIB) Options, (MSFT) Options: Finerman's Firm Is Short (SPY), (IWM), (IJR), (IYR), (MDY), (MBI): Finerman's Firm And Finerman Own (GS): Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD): Finerman's Firm Owns Russell 2000 Puts: Finerman's Firm Is Short (LEH) And Owns (LEH) Puts: Seymour Owns (AAPL), (MS), (MSFT), (YHOO), (GFA), (ITU), (SWC), Gazprom, Lukoil: Seygem Aset Management Owns (EEM), (CTCM): NBC Universal Is The Parent Company Of CNBC

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