The Fast Money Misfires
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
On Wednesday December 5th The Lone Wolf took us on a tour inside the consumer mind and made this declaration. “You used to make a statement owning a pair of Crocs (CROX), now it's just another goofy looking comfortable pair of shoes,” he said.
As they say, “In fashion, one day you’re in and the next you’re out!” Crocs are in – having traded higher since the call – and Jeff Macke’s sense of style.. well.. auf Wiedersehen!".
CROX is on the other side of the mountain in terms of growth says Jeff Macke. You can trade it, but don’t expect the same upward swing as it once had.
On November 1st The Negotiator recommended taking Ford (F) out for a spin. At the time he said, “I've loved it for awhile. You can only have good news coming out of the letter F in my opinion.”
But so far shares of Ford have run out of gas. Disappointing earnings and lackluster sales figures led to a decline for the stock.
I only see good things in Ford and I still like the stocks, says Guy Adami.
On November 19th The Pitt Boss looked to the sky for this trade. At the time he said, “Buy Echostar (DISH) under $44. You've got a great opportunity for upside."
A solar flare must have caused Najarian to cross his signals. Shares are 10% lower since his call on an analyst’s cautious comments.
Pete Najarian thinks it’s a takeover play and could be worth another look.
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Trader disclosure: On Dec. 7, 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), (ATVI): Najarian Owns (TGT) Options, (XMSR) Options; Finerman's Firm And Finerman Own (GS); Fienrman's Firm Owns (KSS), (SKS), (WMT); Finerman's Firm Is Short (SPY), (IJR), (IYR); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (BIIB) Options; Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC.