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.