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The "What's Next" Trade

Monday, 9 Jun 2008 | 6:30 PM ET

iPhone, Schmy-phone. The gadget might be the “it” device on Main Street but on Wall Street it’s already old news. True fast money spots a fad first. So what’s next?

Traders are keeping a close on the Nokia tube. Although it’s been in development for 2 years, Nokia is so tight-lipped about the device that we're not even sure that's its real name.

Tech blogs and analysts speculate the secretive device will be released in the next 6 months and that it will have all the bells and whistles of an iPhone… and then some!

Like what you ask? Like better real-time chat features, instant photo uploading and a stronger global network backbone behind it.

If predictions are accurate it could solidify Nokia's dominant position in the global market and spark a renaissance for them, here.

Sounds exciting but is it worth trading?

I’m bullish on Nokia , says Pete Najarian. Options action in the June 28 calls suggests this stock could go higher.

IDUD?
Reacting to Apple's new iPhone, Gene Munster, Piper Jaffray sr. research analyst and the Fast Money crew.

If both the Nokia tube and 3G iPhone come with GPS capability, it could spell real trouble for Garmin , says Karen Finerman.
















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Trader disclosure: On June 9, 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 (EMC), (ATVI), (INTC), (WMT), (MSFT), (DIS); Pete Najarian Owns (AAPL), (BKC), (TSO), (XLF), (HPQ), (AMLN); Pete Najarian Owns (AA) Calls, (GME) Calls; Pete Najarian Owns (LEH) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (MSFT), (TSO), (VLO); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (AA), (INTC), (MER), (TIE), (TSO), (F); Seygem Asset Management Owns (EEM), (HAL), (TTM), (MBT), (GAF)

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GRMN
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NOK
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AAPL
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