The Latest Picks That Paid - Friday March 20th

Friday, 20 Mar 2009 | 6:38 PM ET
Quicker Ticker
Quicker Ticker

Our traders are good - but you knew that! Check out their latest picks that paid.

Jeff Macke

On March 2nd the Wolf saw dollars in a financials play. At the time he said, “I stepped up and bought myself a little Morgan Stanley today for a trade, I'm not going to keep it forever but I thought it was a nice opportunity.”

Looks like Macke is laughing all the way to the bank. Since his long call, shares of this stock have soared as much as 37%.

Joe Terranova

On March 2nd the Liquidator searched for a hot stock on his computer, literally! At the time he said, “I bought Dell at $4. This looks like a classic stock to have a short squeeze.”

Terranova’s keyboard must have a ‘returns’ key because since his trade the computer maker is up 20%.

Tim Seymour

On March 9th the Ambassador hoped to hit pay-dirt with an oil services trade. At the time he said, “R-I-G and other drillers look very good.”

Seymour spelled out the ticker for Transocean and in the process spelled out how to turn profits. Shares of Transocean have climbed 23% since his long call.

Pete Najarian

On March 11th the Pit Boss noticed unusual options volume in homebuilders and suggested the action provided a good foundation for a trade. At the time he said, “I like the Homebuilders ETF . These stocks just keep getting more and more activity everyday.”

Najarian built profits into his portfolio with this trade. The ETF that tracks the sector has recorded 15% gains since he said to go long.

Now that’s Fast Money.

Fast Money Misfires
The Fast Money traders own up to their bad calls.

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Trader disclosure: On Mar. 20th, 2009, 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 (AA), (AAPL), (BAC), (EEM), (FXI), (TCK); Seymour's Firm Owns (PBR); Terranova Owns (KCE), (FXC), (XBI), (BRCM), (WYNN), (INTC), (JOYG), (DELL), (XOM), (IBM), (POT), (X), (JPM): Terranova Owns (COP) Calls; Terranova Owns (HESS) & (HESS) Calls; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (AMGN) & (AMGN) Calls; Macke Owns (GE), (SDS), (POT); Macke Is Short (BRK.b); Najarian Owns (C) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (GD) Call Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (POT) Call Spread; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (TGT) Call Spread; Najarian Owns (XHB) Call Spread

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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