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Can You Profit From The Craze?

Thursday, 17 Jan 2008 | 6:56 PM ET

What’s the best way to trade surging volatility in this unfriendly market?

Tomorrow's Trades #1
Making profits from the craze, with the Fast Money team.

Take a look at online brokers Charles Schwab, TD Ameritrade and Knight Capital , Pete Najarian said. These names are performing well but being sold anyway since anything retailed to financial services seems to be getting thrown out. As long as a market decline doesn’t last more than a few months, Pete thinks these three names remain tradable.

Guy Adami doesn't think “fallen angel” Goldman Sachs should be sold off in the same way that traders are selling Merrill Lynch, Bear Stearns and Morgan Stanley . Don’t expect those kinds of write-downs from Goldman, he said.

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

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

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  • 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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