As the Fast Money traders have been telling you, when you’re gaming a bear market you probably don’t want to buy and hold. Instead you’ve got to be nimble.
Following are a few quick moves that could make you some fast money.
The Wolf thinks you can trade McDonald’s because, as you can see from the chart below, lately it's been stuck in a range. He likes it when it drifts into the mid-50’s and when it touches $60 he takes profits, quickly. That’s because it’s a strong company but “it’s not going to $70 in a straight line.”
With the reflation trade back on the Ambassador recommends looking at commodities firms. He says, “Vale and Rio Tino are both on his radar as plays on the slow demand pull back in iron ore and coal.”
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Trader disclosure: On Jan. 26th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI), (PBR); Seymour Owns A Short Position In (SNE); Seymour's Firm Owns (BIDU); Macke Owns (MS), (BAC), (SDS), (MCD); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Najarian Owns (EEM) Call Spread; Najarian Owns (FCX) & (FCX) Short Calls; Najarian Owns (GE) Put Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls/Put Spread; Najarian Owns (PALM) Calls