They looked like hot stocks. So how are the Fast Money traders playing Wynn, Teradyne and other stocks now that they’ve been burned?
On June 8th the Negotiator thought a casino stock looked like a sure bet. At the time he said, I think around $37.50 you might want to buy Wynn .It actually got upgraded at Keybank last Friday.
Unfortunately, Adami’s dice roll came up snake eyes. Since he said long, Wynn Resorts is off about 8%. So, what does he have to say for himself, now?
I still think Wynn is okay unless the tape rolls over, he says.
On June 4th the Liquidator thought he’d score high marks for this play. At the time he said, “I like Teradyne. This stock has been on Goldman Sachs conviction buy list. I recommend the stock.”
Sadly, Terranova flunked this one. Since he said to go long shares have slipped 11%. So, what does he have to say for himself, now?
Listen I still love this stock for demand out of Asia. I'd stay with it, he says.
On June 5th the Ambassador suggested an oil company would gush profits. At the time he said, “I’d take a shot with Hess which sold down 20% over two sessions. I think you can probably buy the stock and get the rally back.”
But this oil play came up dry. Since Seymour became a buyer, shares of Hess have dropped 8%. So what does he have to say for himself now?
I was early, he admits, but Hess at $50 looks attractive and I would be a buyer.
On June 1st the Statistician suggested an automaker could take you down the road to profits. At the time he said, I would definitely be looking at Ford here, I mean Ford is really cheap.”
Unfortunately, this auto trade never got the gas. Since Levy went long, shares of Ford went down 8%. So what does he have to say for himself, now?
If you're a long-term trader I'd stay long, he says.
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Trader disclosure: On June 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (F), (NOK); Terranova Owns (SDS), (TER), (XBI), (BTU), (ABT), (MSFT), (HES), (BTU); Terranova Is Short (XOM) Call Spreads; Terranova Is Short (OIH) And (OIH) Puts; Terranova Is Short (RIG) And (RIG) Puts; Terranova Is Short (FCX) And Is Short (FCX) Puts; Terranova Is Short (GENZ) Call Spreads; Terranova Owns (GENZ) And Is Short (GENZ) Calls; Terranova Owns (X) And Is Short (X) Calls; Terranova Owns (MS) And Is Short (MS) Calls; Terranova Owns (DIS) Call Spreads; Terranova Owns (BRCM) And Is Short (BRCM) Calls; Terranova Is Short (IBM) Calls; Terranova Owns (RIMM) And Is Short (RIMM) Calls;
Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of (ABD), (CAL), (CLB), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co,;Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights