The Latest Picks That Paid – Friday June 20th
Our traders are good - but you knew that! Check out their latest picks that paid.
On June 6th the Lone Wolf anticipated a slaughter in the regional banks. At the time he said, “There's nothing special about the regionals. We've told you to run away. Get out!”
Macke has a keen eye for troubled waters. Shares Of Keycorp, Fifth Third, and Regions Financial are all down nearly 40% since he said to steer clear.
On June 13th the Pit BOss expected shipping stocks to catch a tailwind. At the time he said, I like Excel Maritime, the shipping rates just hit a new record at $230 and change, giddy up!”
The trade turned out to be smooth sailing for Najarian. Shares of Excel Maritime climbed 9% after his buy recommendation.
On June 12th the Negotiator gave you the ins and outs around a broken-down broker. At the time he said, “You can get long Lehmanhere, you stop out below $20.25. Your upside could be $27.”
Adami might be a former Goldman guy but he can sure play Lehman. Only two trading days later shares of Lehman were up 17%.
Then on June 16th Adami added, “Well the Lehman Brother's trade is over. If you're long, take profits.”
Well played, Mr. Negotiator. The stock sunk in the days that followed.
On April 21st our favorite chartologist Quint Tatro noticed a breakout in a barge name. At the time he said, “Check out Dry Ships . You can see the stock’s been in a longer term down trend since late 2007. Only just recently did they break out of that trend line which suggest much higher prices from here.”
Tatro brought profits into port. Shares of DryShips climbed 31% in the month following Quint’s call.
Now that’s “Fast Money.”
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Trader disclosure: On June 20, 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); Macke Owns (INTC), (MSFT), (WMT), (DIS); Najarian Owns (AAPL), (BHI), (CHK), (ENER), (NOK), (TSO), (XLF), (HPQ); Najarian Owns (MER) Puts; Najarian Owns (MYGN) Calls, (SD) Calls; Najarian Owns (HRB) Puts; Quint Tatro Is The Principal Of Tatro Capital; Tatro Owns (C), (DV), (PETS), (STRA), (ESLR), (GLD), (GLW), (GS), (QQQQ), (RIMM), (SDS); Tatro Capital Owns (SLV), (ASTI); Tatro Capital Owns (USO) Puts
Pete Najarian Owned (EXM) On 6/5/08, Pete Najarian Owned (EXM) And (EXM) Puts On 6/13/08; Tatro Owned (DRYS) On 4/21/08