Your Wednesday Afternoon Trades -- Ahead Of The Close
How are the Fast Money traders gaming potential movers -- into Wednesday's close?
BUY BAC? Bank of America traded to the upside after announcing it had raised almost $26 billion in capital; do you buy on strength?
The stock looks a tad ahead of itself, counsels Fast Money trader Guy Adami. If you’re long, take profits.
BUY TREASURIES? The government holds its 5-Year auction Wednesday; should you buy Treasuries today?
Yes, I think you do buy Treasuries, counsels John Kosar of Asbury Research. But keep an eye on open interest.
TIVO EARNINGS AFTER BELL:Tivo reports earnings after the bell; should you get before the results?
No, says Jeff Tomasulo of SMB Capital. Instead I think the play is long Netflix on a pullback to $36.
BUY MONSANTO ON DIP? Monsanto traded lower after slashing its guidance for Q3; should you buy on the weakness?
I think long Monsanto is a good long-term ag play, counsels Dennis Gartman, author of the Gartman Letter.
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Trader disclosure: On May 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;
Gartman Owns (PBR)
Gartman Owns (SU)
Gartman Owns (GS)
Gartman Owns (LOW)
Gartman Is Short (GLD)
Gartman Is Short (XOM)
Tomasulo Owns (RIMM)
Tomasulo Owns (APPL)
Tomasulo Owns (SPY)
Adami Owns (GS)
Adami Owns (MSFT)
Adami Owns (INTC)
Adami Owns (C)