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