Time to sort through our in-box and answer more of your questions.

Leslie from New Jersey

Leslie writes, “Will Wednesday’s repeal of the short sale ban cause additional havoc among the beaten financials?

We don’t know they won’t extend it, replies Pete Najarian. But I’d prefer to see the return of the up-tick rule which is “a rule established by the SEC that requires that every short sale transaction be entered at a price that is higher than the price of the previous trade.”

---------------------

Alexander from Missouri

Alexander writes, “I just bought shares of Royal Bank of Scotland

RBS loading...

Quote  |  Chart  |  News  |  Profile

[RBS  Loading...      ()   ]. Good or bad idea? I think it’s a big risk but I’m also thinking a possible big return.

You’re playing for a takeover, replies Joe Terranova. I think it’s the equivalent of buying Washington Mutual in Scotland.

(RBS) Loading...       (%)

FAST MONEY // Latest Rapid Recap

Go to Main Page

Current DateTime: 09:33:06 04 Dec 2008
LinksList Documentid: 26256943

• • Your First Move For Friday December 5th 
  • Web Extra: Fast & Furious Trades For Friday 
  • Bear Market Boot Camp, Pt. 2 
  • Fast Message - We Answer Your About T-Bills, Chesapeake Energy... 
  • Pops & Drops: Credit Suisse, Starbucks... 
  • It’s A Matter Of Trust 
  • When Will Hedge Funds Stop Selling 
  • Which Industries Will Drive Growth? 
  • Market Falls Before Jobs Report 
  • GM Drags Down Dow 

Current DateTime: 09:33:03 04 Dec 2008
LinksList Documentid: 26256941

• Grab The Emerging Money Widget!
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
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 Oct. 7, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (UUP), (DIS), (WMT), (SDS), (MCD), (MSFT); Macke Is Short (TM); Najarian Owns (AAPL) And (AAPL) Puts; Najarian Owns (BIIB) Calls; Najarian Owns (GS) Call Spread; Najarian Owns (MS) And (MS) Puts; Najarian Owns (MTW) Call Spread; Najarian Owns (NCC) Calls; Najarian Owns (NOK) And (NOK) Calls; Najarian Owns (RF), Owns (RF) Put Spread, Is Short (RF) Calls; Najarian Owns (XLF) Call Spread

Terranova Owns (AAPL), (EOG), (EXM), (FCX), (FTO), (GS), (MA), (NOV), (POT), (X), (VLO); Terranova Owns (AIG) And (AIG) Puts; Terranova Owns (MS) And Is Short (MS) Call; Terranova Is Short Crude Oil Straddle

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.: Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CNW), (OFC), (DLM), (DRH), (DLR), (EPR), (EXR), (FL), (SLB), (LNET), (MAC)
, Shares Of Incitec Pivot Ltd., (DBC), (DBV), (SKT), (UA), (BLV), (VV), (CLB), (GWX), (IGE), (FSMXX); Virtus Investment Partners Owns Seagate Tax Refund Rights; Virtus Investment Partners Owns Seagate Technology Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Incitec Pivot Ltd.; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Tools:

PrintEmail Del.icio.us Digg It

Next Post

Previous PostBack to Main Page