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The Fast Money Misfires

Friday, 28 Dec 2007 | 6:21 PM ET

Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.

Pete Najarian

On December 6th, the Pit Boss was a little off-target on a big box retailer. At the time he said "I think Target is giving us an opportunity. A little bit of potential bottom picking."

But since that call, shares of the retailer have fallen 8%. Now that’s hardly a bullseye.

Target’s 14 P/E ratio still makes the stock attractive to me relative to Wal-Mart, says Pete Najarian. If you own shares, I’d recommend holding them he counsels.

Karen Finerman
On December 5th, the Chairwoman recommended staying away from Solarfun . At the time she said, "To me, not fun. I would short it for a day or so because you never know…"

But shares of the Chinese solar panel maker have been scorching hot - up nearly 44%

It still doesn’t look fun to me, says Karen Finerman. I think it’s overvalued.

Fast Fire
The Fast Money traders answer your stock questions.

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Trader disclosure: On Dec. 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; Macke Owns (YHOO), (INTC), (HAS), (ATVI); Najarian Owns (CSCO), (C), (MS), (MSFT), (TGT); Najarian Owns (AAPL) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS); Finerman's Firm Owns (WMT), (YHOO), (CLWR), (DSW), (AEO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (IYR), (IJR), (SPY), (IWM), (SPG), (TCO); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options

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TGT
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Contact Fast Money

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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