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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Mar.07
6:43 PM ET
Fast Money Misfires - Friday Mar. 7th

Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.

Jeff Macke

On Feb. 28th the Lone Wolf recommend the Gap [GPS  Loading...      ()   ]ahead of same store sales. At the time he said, "Expectations are low. "I'm a buyer."

Unfortunately fashion is fickle and this trade was hardly attractive. Shares are down 6% since the call.

It’s not a same-store sales trade, exclaims Macke. It’s a long-term trade and I’m sticking with it.

Pete Najarian

Last Tuesday the Pit Boss thought diagnostics firm Cepheid might be a buy on it's 52-week high. At the time he said, “Look at Cepheid [CPHD  Loading...      ()   ] as a diagnostics play.”

Good thing Najarian’s not a doctor. He didn’t diagnose this trade terribly well. Since the call shares are down 26%.

I still think the diagnostic business is a great business, says Najarian, and I like CPHD at current levels.

Guy Adami

Last Monday the Negotiator thought he saw a short-squeeze in the making for Cree [CREE  Loading...      ()   ], At the time he said, “I think you're going to see this stock explode, the stock is going to get squeezed."

But shares of the L-E-D maker have dimmed since Adami’s call. They’re down 16% since the call.

On a day when this stock trades 8 to 10 million shares I think it’s a buy, says Adami.

Karen Finerman

For quite some time Finerman has recommended DaVita [DVA  Loading...      ()   ] a dialysis company. On Feb. 26th she said, “Stick with this company. I think its recession proof.”

The Chairwoman thought wrong. Shares have taken a tumble, down 10% since her last call.

I still like it, she says.

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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 Mar. 7, 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 (INTC), (YHOO); Pete Najarian Owns (AAPL), (C), (CSCO), (MS), (MSFT), (XLF), (MCD), (BKC); Pete Najarian Owns (COP) Calls, (AMAT) Calls; Pete   Najarian Owns (XLB) Puts, (USB) Puts; Pete   Najarian Owns (YHOO) And (YHOO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (HD); Finerman's Firm Owns (AAPL), (DVA), (FNM), (MSFT), (TSO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF), (RTH); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owned (DVA) On 12/17/07, 2/12/08, 2/26/08

© 2008 CNBC.com

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