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Time to sort through the Fast Money in-box and answer more of your questions.
Joe from New Jersey
Joe writes, “What a great call on US Steel [X
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]. How much more can it run?
I don’t know, replies Guy Adami. I think it could go to $200 but if this is your first time buying it I wouldn’t do it here.
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Gerry from Michigan
Gerry writes, “I noticed over 100K contract traded on June $48 puts for PowerShares QQQ Trust [QQQQ
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] Tuesday. Is this telling us something?
It could be, replies Pete Najarian. Options investors could be looking for a bit of a pull back in the Nasdaq.
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Jose from Georgia
Jose writes, “Due to the recent success of Apple [AAPL
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] what’s wrong with Synchronoss Technologies [SNCR
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] which makes the activation software for the iPhone?
They missed on revenues and they guided down for the year, explains Jeff Macke.
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Al from New Jersey
After this blowout quarter, is NYSE Euronext [NYX
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] ready to break out back to its old highs at $100 or is it time to take profits?
I like NYX, replies Karen Finerman. I’m long.
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Trader disclosure: On May 6, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (INTC), (MSFT), (NUE), (BTU), (AGU); Najarian Owns (AAPL), (TSO), (XLF); Najarian Owns (BSC) Calls, (BUD) Calls, (CSCO) Calls, (EP) Calls, (MSFT) Calls, (YHOO) Calls, ( C) Calls; Macke Owns (DIS), (INTC), (MSFT); Finerman Owns (GS); Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (MSFT), (NYX), (PLCE), (TSO), (VLO), (JCP), (AEO); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Short The British Pound; Charles Schwab Is A Sponsor Of "Fast Money"; WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC
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