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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Jan.23
6:32 PM ET
Friday, 23 Jan 2009
The Fast Money Misfires – Friday January 23rd

Sometimes a stock is hot and other times it just burns. Following are trades that didn't end so well...

Guy Adami

On January 2nd the Negotiator made a call that he thought looked stylish and attractive. At the time he suggested long Gap [GPS  Loading...      ()   ] and said, “these guys were forced to be better operators. I like GPS.”

Adami might be a dapper guy but this trade was anything but well tailored for his portfolio. Shares of this stock are down about 14% since his long call.

What now? "I'm sorry, I was wrong, but at these levels Gap still looks interesting to me," he says.

Pete Najarian

On January 6th the Pit Boss recommended a plastics play for away from industrials. At the time he said, “I think Visa [V  Loading...      ()   ] is cheap.”

Visa might be everywhere you want to be but this trade didn’t go anywhere. Shares are down 23% since Najarian’s buy call.

What now? "I still like this stock," he tells us.

Jeff Macke

On January 14th the Wolf exclaimed “Toyota [TM  Loading...      ()   ]! I love what you do for me.” Well, he didn’t use those words exactly but he did say “I'm long Toyota. I l like them.”

Unfortunately Macke isn’t going anywhere with this trade. Shares are trading unchanged although if you took some off the table a few days back, you would have turned a profit.

What now? "I stayed at the party way too long. I should have taken profits," says Macke.

Karen Finerman

On January 9th the Chairwoman took a fancy to a clothing store. At the time she recommend long American Eagle [AEO  Loading...      ()   ], “for its great balance sheet.”

Fashion is fickle and so was this trade. Since her long call American Eagle is down 8%.

What now? "I'm still long this stock," she reveals.

______________________________________________________
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Trader disclosure: On Jan 23, 2009, 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 (MS), (BAC), (C), (TM), (MCD); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Najarian Owns (EEM) Call Spread; Najarian Owns (FCX) & (FCX) Short Calls; Najarian Owns (GLD) Call Spread; Najarian Owns (GE) Put Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls/Put Spread; Najarian Owns (GNW) Long Calls; Finerman's Firm Owns (DNA) & (DNA) Call Spread; Finerman's Firm Owns (MSFT), (TBT), (UNH), (V); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (ANF), (COF), (USO); Finerman's Firm Owns (ROH) Calls

© 2009 CNBC.com

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