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Pete Najarian
On May 11th the Pit Boss was led astray by options action in Applied Materials [AMAT
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]. At the time he said, “there’s a lot of put buying that’s been going on -- probably not as speculation but protection. There could be more upside.
Turns out, Najarian got his signals crossed. Since he forecast upside the stock slid 9% lower. What does Najarian have to say for himself?
"I was wrong," he sobs.
Joe Terranova
Ahead of earnings, the Liquidator suggested building a position in a home builder. At the time he said, “I see a $30 price target. Home Depot [HD
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] is a buy.
Turns out Terranova’s trade didn’t have a great foundation. Shares of Home Depot have crumbled about 10% since earnings. What does Terranova have to say for himself?
"I was also wrong, I'm sorry," he says.
Tim Seymour
Earlier this month the Ambassador suggested going overseas for an auto play. At the time he said, “Toyota [TM
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] looks like it could run.
But if you took a long position on May 7th then this trade was plain out of gas. Since that time, shares of Toyota have tumbled about 9%. What does Seymour have to say for himself?
"It's an export story. If the yen continues to strengthen it's going to be a problem for Toyota," he explains. "However if the yen gets weaker I like the stock."
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Trader disclosure: On May 22nd, 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 (AAPL), (BBT), (EEM), (FLR), (TTM), (INFY); Seymour is Short (FCX); Terranova Owns (ABI), (JOYG), (XBI), (TER); Terranova Owns (DIS) Call Spreads; Terranova Owns Oil Futures; Terranova Owns Nat Gas Futures; Terranova Owns (DIS) Calls; Terranova Owns June Gold Futures; Grasso Owns (AMZN), (RIMM), (V); Grasso's Clients Own (AMZN), (PG), (X), (MA), (VA), (ALL), (AMP), (JPM), (WFC), (SUN), (PBR), (POT), (MOS), (MSFT), (IBM), (XLE); Najarian Owns (ISIS), (BCSI); Najarian Owns (APC) Call Spread; Najarian Owns (AMD) Calls; Najarian Owns (BX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (MOS) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Call Spread
Data is a real-time snapshot *Data is delayed at least 15 minutes