The Latest Picks That Paid - Friday June 6th
Our traders are good - but you knew that! Check out their latest picks that paid.
On May 27th the Lone Wolf hit the books to make bank on Borders . At the time he said, – “It was a dollar higher a week ago we told you to sell it, buy the dip on that under $6.”
Good things happen when you spend time with books. Borders stock climbed 16% since Macke’s call.
This is the second week of Finerman’s refiner trade. After getting long calls last week and making you 78% on the way up the Chairwoman took the other side of the bet on June 2nd.
At the time she said, “I have some Valero , although we talked about buying Valero July 45 calls, if you did buy them you’ve got to sell at least half, take the money off the table and play the rest for free.”
Looks like Finerman's got oil in her blood. Selling those July $45 calls led to a 47% gain as the stock went south.
On May 23rd the Negotiator recommended a little “PC” behavior. At the time he said, “I don't know what they're going to say but it looks like Dell may have bottomed.”
And bottomed it did. Since Adami’s call shares of nation’s second largest computer maker have climbed 13%.
On June 3rd the Pit Boss suggested playing Nucor options in the red hot steel trade. At the time he said, “The Nucor July $75 calls were up 60 cents very late in the day when the stock was down 60 cents. It’s not supposed to work like that. I’d keep a close eye on that one.”
Looks like Najarian is rolling in profits. The calls returned an 80% upside in under two days.
Now that’s “Fast Money.”
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Trader disclosure: On June 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 (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS), Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (SUN), (TSO), (VLO), (MSFT), (AAPL), (NYX),(PPH),TIPs; Finerman's Firm And Finerman Own (C), (C) Leap; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (BIG); Macke Owns (WMT), (INTC), (MSFT), (DIS); Najarian Owns (AAPL), (BHI), (CHK), (HD), (HPQ), (TSO), (XLF), (NOK), (AMLN), (ENER); Najarian Owns (LEH) Puts; Najarian Owns (NUE) Calls, (AA) Calls
Finerman's Firm Owned (VLO) On 6/2/08