The Fast Money Misfires – Feb 15th
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
On January 31st the Negotiator thought a home improvement retailer had the tools to improve stock performance. At the time he said, “I think Home Depot, much like the banks, is a name you have to buy on dips.”
Unfortunately the stock was hammered since Adami’s call. It’s down 11%.
Adami is sticking by his trade. I still like this stock for ’08, he says.
On February 4th the Ambassador sought his fortune in gold. At the time he said, “I like Gold Fields International , a South African mining companies that was taken down because of a recent power outage.”
But there was no pot of gold at the end of Seymour’s rainbow. Since the call shares are 5% lower.
Seymour thinks the stock remains a buy a current levels.
On January 31st the Chairwoman expected an “IT” company to become the next ‘it’ company! At the time she said, “Broadridge , is a name that we really, really like.”
Unfortunately, this technology play didn’t do “it.” Since the call shares are down 8%.
Keep your pants on, says Karen Finerman. It’s a trade on a busy proxy season which hasn’t even started yet.
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Trader disclosure: On Feb.15, 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), (INTC), (ATVI), (HAS), (DIS); Finerman Owns (GS), (KFT); Finerman's Firm Owns (MSFT), (MO), (SKS), (TSO), (VLO), (WMT), (YHOO), (BR); Finerman's Firm Is Short (SPY), (MDY), (IYR), (IWM), (IJR); Finerman's Firm And Finerman Own (CROX) And (CROX) Options; Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (DELL), (INTC), (MER); Seygem Asset Management Owns (GFI)Finerman's Firm Owned (BR) On 1/31/08; Seygem Asset Management Owned (GFI) On 2/4/08