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Pete Najarian
On Friday June 6th the Pit Boss set sail for another shipping stock. At the time he said, “Buy Excel Maritime [EXM
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]. Their shipping rates just hit a new record at $230 and change, giddy up!”
Unfortunately investors jumped ship and shares tumbled. Since Najarian’s buy recommendation they’re down 29%.
I own this stock and will continue to do so, Najarian says. I think it’s going higher.
Karen Finerman
On Thursday June 6th the Chairwoman suggested shorting a bulk retailer. At the time she said, “Big Lots [BIG
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] took lots of insider selling, I wonder what they know?”
Unfortunately for Finerman, no one seems to know anything. Shares of this discount retailer climbed 10% since her short sell recommendation.
I’ve seen yet more insider selling, she reveals, I’m sticking with this trade.
Guy Adami
On May 29th the Negotiator thought shares of a Big Pharma name were about to get a shot in the arm. At the time he said, "The Merck [MRK
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] trade to me sets up really easy now. Valuation wise, it seems cheap. Buy Merck and stop out below $36.50.”
Sadly, since his buy recommendation investors have seen nothing but pain. The stock is down 9%.
I think there will be a time to buy this stock, Adami says, but it’s not yet.
Jeff Macke
On June 10th the Lone Wolf recommended steering clear of Manny, Moe & Jack. At the time he said, “Pep Boys [PBY
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] - I'm not buying a name like this, up 10%. Maybe you can buy it on dips but you'll have plenty of time because it'll come back to ya.”
Alas, the Pep Boys are popping -- up 10% since Macke said to get out.
I said that 3 days ago, says Jeff Macke. Wait, it will come down.
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Trader disclosure: On June 13, 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 (ATVI), (INTC), (MSFT), (DIS); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (NUE), (MSFT), (INTC), (MSFT), (DIS); Pete Najarian Owns (ANR), (BHI), (CHK), (TSO), (XLF), (HPQ); Pete Najarian Is Short (KEY); Pete Najarian Owns (BAC) Puts, (WFMI) Puts, (FITB) Puts; Pete Najarian Owns (EXM) And (EXM) Puts; Pete Najarian Owns (AAPL) And (AAPL) Puts; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NYX), (SUN), (TSO), (VLO), (PM), (MO); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (BIG), (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Long (AAPL) Out-Of-The Money Calls; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short The British Pound
Pete Najarian Owned (EXM) On 6/5/08; Finerman's Firm Was Short (BIG) ON 6/6/08


