Fast Message - We Answer Your Questions
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 . 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.
Gerry from Michigan
Gerry writes, “I noticed over 100K contract traded on June $48 puts for PowerShares QQQ Trust 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.
Jose from Georgia
Jose writes, “Due to the recent success of Apple what’s wrong with Synchronoss Technologies which makes the activation software for the iPhone?
They missed on revenues and they guided down for the year, explains Jeff Macke.
Al from New Jersey
After this blowout quarter, is NYSE Euronext 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