The stock is probably ahead of itself according to Adami, but he likes it and suggests to wait for a pullback in the price before jumping in.
Got something to to say? Send us an e-mail at firstname.lastname@example.org 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 those e-mails to email@example.com.
On Aug 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; Macke Owns (MSFT) (IMAX) (COST) (WMT), Macke Is Short (TM), Finerman's Firm Is Short (IYR) (IJR) (SPY) (MDY) (IWM),Finerman's Firm Owns (ANF) Call Spread, Finerman's Firm And Finerman Own (C) Leap (FLS), Finerman Owns (GS), Finerman's Firm Owns (MSFT) (SUN) (TSO) (VLO), Finerman's Firm Is Short (XLF) (BBT) (COF), Adami Owns (AGU) (C) (BTU) (GS) (INTC) (MSFT) (NUE), Terranova Owns (YHOO) (CME) (SA) (VLO) (KOL) (RIMM) (IYT) (GOOG) (SU) (FCX) (INTC) (XLF) (BNI), Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd., Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO Phoenix Investment Partners Owns More Than 1% Of (ABD) (ARE) (BRE) (CNTY) (CLB) (OFC) (DLR) (ESS) (EXR) (FL) (IAT) (IGE) (LNET) (MAC) (OIIM) (PSPT) (DBC) (DBV) (SLB) (SKT) (BLV), Phoenix Diversifier PHOLIO Owns (IGE) (DBC) (DBV), WIDGET EXTRA: Terranova's Firm Owns (X), Brad Hintz Owns (MS) (CME) (ETFC) (RJ) (AMTD), Accounts Over Which Bernstein And/Or Affiliates Exercise Investment Discretion Own More Than 1% Of (GS), (LEH), (MER), (MS) (GS), (LEH), (MER), (MS) Are Or In Past 12 Months Were Non-Investment Banking Clients (Securities Related Services) Of Bernstein, Which Received Compensation, An Affiliate Of Bernstein Received Compensation For Non-Investment Banking-Securities Related Services From (GS), (LEH), (MER), (MS)