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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Jan.14
10:53 PM ET
Monday, 14 Jan 2008
Chartology -- Bottom Fish Or Bail?

Given the declines this year should you bottom fish or bail? Find out from Oppenheimer Chief Market Technician Carter Worth.


Following is a synopsis of Carter Worth’s technical analysis.

Yahoo [YHOO  Loading...      ()   ]: Showing Technically Bearish Signs

Yahoo is a perfect example of a stock you should sell, Worth says. Not only has the stock displayed technically bearish indicators (triple bottom), but the fundamental story is also a disaster, with the company selling at a premium to tech names such as Apple (AAPL) Research In Motion (RIMM) and Google (GOOG) despite the fact that it is growing at a much slower rate.

Revenue Growth

Apple 24%
Google 61%
Research In Motion 90%
Yahoo 10%

Earnings Growth

Apple 73%
Google 60%
Research In Motion 85%
Yahoo 4%

Forward P/E

Apple 43.8
Google 44.5
Research In Motion 50.7
Yahoo 45.8

Jeff Macke doesn’t agree with Worth. Macke thinks Yahoo is a long term turnaround play and not as expensive as Worth’s charts suggest.

I would not be short Yahoo, interjects Pete Najarian.

--------------------------------

Intel [INTC  Loading...      ()   ]: May Trade Up Following Earnings, But The Trend Is Bearish….

Intel is also a sell ahead of earnings, says Worth. The stock has sold off in anticipation of earnings. It is hovering around a key support level, and could very well see a boost from earnings.

But that boost will be temporary, he adds, much like RIMM’s earnings provided a boost to the stock, but it eventually traded down.

> Read More: Learn how the panel recommends trading Intel in “Tomorrow’s Playbook”

--------------------------------


Coal Stocks: Show Technically Bullish Signs…

Coal stocks could be worth watching, says Worth, particularly Peabody [BTU  Loading...      ()   ] and Arch Coal [ACI  Loading...      ()   ]. Technical analysis suggests to me, their long-term trend is bullish, he concludes.

I agree, says Guy Adami, BTU is probably a buy.

For an in-depth look at the charts used in Carter’s Worth technical analysis please watch the video.











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Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On Jan 14, 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 (DIS), (YHOO), (INTC); Pete Najarian Owns (BIIB), (C), (CSCO), (MS), (MSFT), (EMC); Pete Najarian Owns (AAPL) Options, (SOV) Options, (VLO) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (AEO), (DAI), (SKS), (WMT), (YHOO); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns (MDY)  Puts And Is Short (MDY); Finerman's Firm Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (IYR),(IJR), (GLD), (SPG), (TCO); Finerman's Firm Owns Paramount Energy Trust, Daylight Resources Trust, Canetic Resources Trust

© 2009 CNBC.com

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