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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
Text Size
Aug.28
6:00 PM ET
Friday, 28 Aug 2009
Burned By Advanced Micro Devices, J. Crew….

Fast Fire

They looked like hot stocks. So how are the traders playing Advanced Micro Devices, J. Crew and more now that they’ve been burned?

Guy Adami

On August 21 the Negotiator turned bearish on a retailer due to chart patterns. “You have a real chance for double tops here,” he said. I’d short J. Crew [JCG  Loading...      ()   ] ahead of earnings.”

Looks like investors were more interested in the company’s clothing patterns than its chart patterns. Shares of J. Crew have surged 10% since Adami’s call. So what does he have to say for himself?

I still think you can short this stock, he counsels.

(JCG)
Loading...       (%)

Steve Grasso

On July 22, the Governor followed the crowd – in the wrong direction. “I have not seen one of my clients buying AMD [AMD  Loading...      ()   ] and I'm going to stay away,” he said.

Grasso’s trade was all turned around. As it turns out, shares of AMD have surged 19% higher since he said to move to the sidelines. What does he have to say for himself?

My customers are still not buying, he says, and I would stay away.

(AMD)
Loading...       (%)

Jon Najarian

On July 6 the Monster shunned his own scalp and a vanity trade. “I’m not a member of Hair Club for Men,” he said, and apparently a lot of people have made that decision as well. I'd stay away.”

Najarian should have used his magic mirror on this one. Share of Hair Club for Men owner Regis Corp. [RGS  Loading...      ()   ] have climbed 24% since he became a seller. What does he have to say for himself?

I'd still stay away, Najarian says.

(RGS)
Loading...       (%)

Joe Terranova

On August 21st the Liquidator thought he found an energy trade that was about to take off. “If you think nat gas is going higher, buy coal. That’s my play,” he said. “I bought Peabody Energy [BTU  Loading...      ()   ].”

Turns out Terranova’s energy trade fizzled out. Since he said to get long shares of Peabody have tumbled 6%. So what does he have to say for himself?

I would risk another dollar on the trade, says Joe Terranova, but with a stop.

(BTU)
Loading...       (%)


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Trader disclosure: On Aug 28th, 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); Jon Najarian Owns (AAPL), (BTU), (NVLS); Jon Najarian Owns (C) Calls; Grasso Owns (AAPL), (ABK), (ASTM), (BA), (BAC), (C), (COST), (CSCO), (PRST), (V), (WMT), (FAZ); Terranova Owns (AMZN), (FCX), (BTU), (SU), (WFT), (AAPL); Terranova Is Short (SHLD); Terranova Is Short (ESS); Terranova Owns (CCL) Puts

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC

For Steve Grasso
Stuart Frankel And Grasso's Partners Own (CUBA)
Stuart Frankel And Grasso's Partners Own (DVN)
Stuart Frankel And Grasso's Partners Own (EOG)
Stuart Frankel And Grasso's Partners Own (GERN)
Stuart Frankel And Grasso's Partners Own (HSPO)
Stuart Frankel And Grasso's Partners Own (MSFT)
Stuart Frankel And Grasso's Partners Own (NWS.A)
Stuart Frankel And Grasso's Partners Own (NXST)
Stuart Frankel And Grasso's Partners Own (NYX)
Stuart Frankel And Grasso's Partners Own (PDE)
Stuart Frankel And Grasso's Partners Own (PRST)
Stuart Frankel And Grasso's Partners Own (RDC)
Stuart Frankel And Grasso's Partners Own (ROK)
Stuart Frankel And Grasso's Partners Own (TBT)
Stuart Frankel And Grasso's Partners Own (TLM)
Stuart Frankel And Grasso's Partners Own (XOM)
Stuart Frankel And Grasso's Partners Own (XRX)
Stuart Frankel And Grasso's Partners Own (SDS)
Stuart Frankel And Grasso's Partners Own (STWD)
Stuart Frankel And Grasso's Partners Are Short (QQQQ)
Stuart Frankel And Grasso's Partners Are Short (CL)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.|
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of  (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of  (DLR)
Virtus Investment Partners Owns More Than 1% Of  (EXR)
Virtus Investment Partners Owns More Than 1% Of  (IGE)
Virtus Investment Partners Owns More Than 1% Of  (DBC)
Virtus Investment Partners Owns More Than 1% Of  (DBV)
Virtus Investment Partners Owns More Than 1% Of  (SKT)
Virtus Investment Partners Owns More Than 1% Of  (TNB)
Virtus Investment Partners Owns More Than 1% Of  (UA)
Virtus Investment Partners Owns More Than 1% Of  (CLB)

QUICKER/FAST FIRE
Stuart Frankel Clients Owned (OXY) On 5/27/09
Terranova Owned (BTU) On 8/21/09

© 2009 CNBC.com

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