Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our
"Question of the Day" right now.


52 Week High52 Week High TRADER RADAR
Which stock should be on your screen? Follow the clues to solve this puzzle.



Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.


FAST MONEY EMERGING MONEY
EMERGING MONEY TOP 20
Fast Money's index for the world.




PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.



ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
Font size:
Jun.20
6:36 PM ET
Friday, 20 Jun 2008
The Fast Money Misfires – Friday June 20th

Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.

Pete Najarian

On June 9th the Pit Boss took a shine to a metals play. At the time he said, "There was some unbelievable option activity in Titanium Metals [TIE  Loading...      ()   ]today. This is a stock that has been taken out to the woodshed, but I think its probably at the level where you can buy it and be very comfortable.

Unfortunately not all the glitters is good. Since his buy recommendation shares of TIE have dropped 13%

I think it’s time to pull the plug on this one, Najarian says now.

Guy Adami

On June 16th the Negotiator suggested putting money in the bank. At the time he said, “I think for a trade you can own Morgan Stanley [MS  Loading...      ()   ] around the $42 level with a stop out below $40, I think it has some giddy-up back up to $50.”

Hope you stopped out. Since he recommended this trade shares of Morgan Stanley have slipped 8%.

Fonzi couldn’t say I’m sorry but I can. I was wrong and I’m sorry, admits Adami.

Jeff Macke

On June 4th the Lone Wolf recommended betting on the Mouse House. At the time he said, I like Disney [DIS  Loading...      ()   ] for the upfront ad sales (on ESPN) for the NBA finals, you've got some bets on that."

Looks like the trade turned goofy. Since his buy recommendation Disney dropped 5%.

I’m not selling my stake, Jeff Macke now says. At least not yet.

QuInt Tatro

On May 19th Tatro charted a new course for Corning [GLW  Loading...      ()   ]. At the time he said, "It just broke out of it's trend line after an excellent earnings report, traders can still buy this stock, raising their stop to $22."

Unfortunately the glass maker led to a broken trade. Shares are down 9%.

It’s a great company and I’m still long, says Tatro. However, I’ve raised my stop top $24.50.















______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .

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

Macke Owned (DIS) On 6/4/08, 6/10/08; Tatro Owned (GLW) On 5/19/08

© 2008 CNBC.com

Permalink: /id/25290614

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis