Fast Money: Rapid Recap - The first and only official show synopsis
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Time to sort through the Fast Money in-box and answer more of your questions.
Kim from New York
Kim writes, "Hey Karen, nice call to take profits in RIG [RIG
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], do you think now is the time to get back in?"
I do think this is a good time to get back in, counsels Karen Finerman. In fact I just bought some myself.
Pete from Florida
Pete writes, "I saw today that Alan Fournier is investing in Well Point [WLP
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] and PPH [PPH
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]. Would any of the traders follow suit and buy pharma here?"
I wouldn't chase it but WellPoint makes sense to me, replies Guy Adami.
Don from New York
Dan writes, "With today's sharp decline in ICE [ICE
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]-is this a signal to buy or to stay away?"
I'd wait a little bit, counsels Joe Terranova. It seems to me exchanges will move lower in the near term.
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Trader disclosure: On July 7th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Terranova Owns (MSFT), (XBI), (ABT); Terranova Owns (UNG) Puts; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman Owns (TBT), (RIG); Finerman's Firm Owns (FCN), (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT), (FLS); Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (BAC), (IYR), (IJR), (MDY), (SPY), (USO); Seymour Owns (AA), (AAPL), (BAC), (BX), (DRY), (EEM), (FXI), (INFY), (SBUX); Seymour's Firm Is Short (PBR); Seymour's Firm Owns (FCX), (NOK)
Data is a real-time snapshot *Data is delayed at least 15 minutes