Fast Messages - We Answer Your Questions
Time to sort though the Fast Money in-box and answer more of your questions.
Don writes, “Is Office Depot a good hedge in a down economy?
No, replies Jeff Macke. I don’t like the stock, I think it’s a value trap.”
And they have a lot of exposure to California and Florida, adds Karen Finerman.
Jackie from New York
Jackie writes, “American Express took quite a beating today (Thursday). Do you go with the flow and sell?
Yes, go with the flow replies Guy Adami. I don’t like this stock and I suspect it’s going lower, he adds.
Derek from Kentucky
Derek writes, “Why did Gamestop do poorly after it raised expectations and had a great holiday sales. I am confused.
I'm not sure why, replies Pete Najarian but I think this is a buying opportunity.
John from Colorado
You talked about Blue Nile as a buy. What about Tiffany (TIF) and Zale (ZLC)?
I don’t like ZLC replies Jeff Macke, and I’m only lukewarm on TIF. I most prefer NILE, but as a high risk / high reward play.
Tony from Texas
Will Apple move next week for Macworld?
I think Apple will move next week replies Pete Najarian. But I can’t tell you what direction.
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Trader disclosure: On Jan 10, 2008, 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); Najarian Owns (AMR), (BIIB), (C), (MSFT), (EBAY); Najarian Owns (CFC) Options, (WM) Options,(YHOO) Options; Finerman's Firm Owns (KSS), (WMT), (YHOO), (AEO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (IJR), (IYR), (SPG); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY)