The Latest Picks That Paid – Friday May 30th
Our traders are good - but you knew that! Check out their latest picks that paid.
On May 21st the Negotiator made a gutsy call when he bottom picked the airlines. At the time he said, “I've been waiting for airlines for awhile, I think you might have gotten your opportunity today. If you think crude is going to dip a little bit, you buy AMR for a trade.”
Adami sure knows how to travel. Shares of American Airlines' parent AMR have been gaining altitude ever since his call.
On May 19th the Pit Boss flipped the switch on a power play. At the time he said, “Keep an eye on American Superconductor . This name continues to go higher and higher. It's a little ahead of itself, but it's a great name.”
Najarian was jazzed about this play and for good reason. Shares of the energy technologies firm climbed an electrifying 16% since Pete’s pick.
On May 8th the Lone Wolf took his videogame trade to the next level. At the time he said, “Activision is absolutely in the sweet spot. I still want to keep it on my sheets.”
Macke clearly knows a thing or two about the stock picking game. Since his recommendation Activision climbed 22% on sales of Guitar Hero 3.
On March 13th the Chairwoman suggested using options to maximize gains in the refiners. At the time she said, “Valero has gotten absolutely obliterated. I like the Valero, June 45 calls.”
You might says Finerman hit pay-dirt. Although shares of Valero are only up 5% since her recommendation, the value of the June $45 calls has skyrocketed 78% in three weeks.
Now that’s “Fast Money.”
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Trader disclosure: On May 30, 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 (MSFT), (INTC), (DIS), (WMT), (ATVI); Najarian Owns (AAPL), (ANR), (BHI), (BKC), (HPQ), (TSO), (XLF), (AMLN), (HD), (SYMX); Najarian Owns (HK) Calls; Najarian Owns (EXM) And (EXM) Puts; Adami Owns (BTU), (C), (GS), (INTC), (MSFT), (NUE), (AGU); Finerman Owns (GS); Finerman's Firm And Finerman Own (GLNG), (HD); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns SXP Index Puts; Finerman's Firm Owns (AAPL), (MSFT), (SUN), (TSO), (VLO), (SBUX), (MPG); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY)
Finerman's Firm Owned (VLO) On 3/13/08, 5/9/08; Macke Owned (ATVI) On 5/8/08