GO
Loading...

Your First Move For Friday March 12th

Thursday, 11 Mar 2010 | 6:47 PM ET

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Brian Kelly suggests selling Alcoashort.

Joe Terranova recommends longBest Buy .

Steve Grasso likes longUS Steel.

Karen Finerman prefers long XBI for consolidation in biotech.

Pete Najarian thinks Caterpillar is a buy. Giddyup!

-------

FAST FLASH: AIG BIG BEARISH REVERSAL

Shares of AIG turned lower on Thursday leading some traders to speculate that the 'dash for trash' had reached the finish line.

What must you know?

I think the short squeeze is over, says Steve Grasso. That combined with light volume caused the stock to reverse.

And let’s be honest, AIG has little value, adds Pete Najarian. That’s why there’s so much short interest to begin with.

Fast Money Final Trades
The Fast Money traders share their final trades of the day.

Click here to see other Final Trade posts.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On March 11th, 2010, 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 (INTC), (GS), (AGU), (BTU), (MSFT), (C), (NUE); Grasso Owns (TSO), (AAPL), (ABK), (ASTM), (BA), (BAC), (BGP), (C), (COST), (CSCO), (PFE), (PRST), (V), (WMT), (FAZ); Terranova Owns (GOOG), (AAPL), (EMC), (MSFT), (DELL), (XLE); Terranova Owns (CAL) April Puts; Terranova Is Short (XLY); Terranova Works For (VRTS); Najarian Owns (AES) Calls; Najarian Owns (BAC) Call Spread; Najarian Owns (BP); Najarian Owns (C) Calls; Najarian Owns (HOLX) Calls; Najarian Owns (MCD) Call Spread; Najarian Owns (RSH) Call Spread; Najarian Owns (YHOO) Calls; Najarian Owns (CAT) Call Spread; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (USO); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finemran's Firm Owns (BAC), (BAC) Leap; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (GOOG), (GGP), (JPM), (WFC); Finerman's Firm Owns (MCD), (OSIP), (XBI); Kellly Owns (ELC) Call; Kelly Owns (GMT) Calls; Kelly Owns (AMZN) Calls; Jon Najarian Owns (AIG), Is Short (AIG) Calls; Jon Najarian Owns (BAC), Is Short (BAC) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Jon Najarian Owns (GME), Is Short (GME) Calls; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (JPM), Is Short (JPM) Calls; Jon Najarian Owns (MS), Is Short (MS) Calls; Jon Najarian Owns (WFC), Is Short (WFC) Calls; Jon Najarian Owns Seats On CBOE, CME, NYSE; Edwards Owns (ARO); Edwards Owns (BAC) For Clients; Edwards Owns (GS) For Clients; Edwards Owns (BKE) For Clients; Edwards Owns (JPM) For Clients; Edwards Owns (WFC) For Clients; Karabell Owns (C), (FXI), (JPM), (UYG); Funds Managed By Dennis Gartman Own (F), (CMG), (CGM), (DRI), (PNRA), (AGU), (PNR), (JOYG), (GOOG), (GMCR), (EWZ), (FAX), (PGH); Funds Managed By Dennis Gartman Are Short S&P Futures, (BBD), (AMX), (SPLS), (TM); Funds Managed By Dennis Gartman Are Long Canadian Dollar, Australian Dollar, Gold Futures; Funds Managed By Dennis Gartman Are Short EUR, CHF, British Pound Sterling, Yen

For Joe Terranova
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLI)

For Steve Grasso
Stuart Frankel & Co. Inc. And Its Partners Own (ABK)
Stuart Frankel & Co. Inc. And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc. And Its Partners Own (GERN)
Stuart Frankel & Co. Inc. And Its Partners Own (GLG)
Stuart Frankel & Co. Inc. And Its Partners Own (HSPO)
Stuart Frankel & Co. Inc. And Its Partners Own (NWS.A)
Stuart Frankel & Co. Inc. And Its Partners Own (NXST)
Stuart Frankel & Co. Inc. And Its Partners Own (NYX)
Stuart Frankel & Co. Inc. And Its Partners Own (PDE)
Stuart Frankel & Co. Inc. And Its Partners Own (PRST)
Stuart Frankel & Co. Inc. And Its Partners Own (RDC)
Stuart Frankel & Co. Inc. And Its Partners Own (TLM)
Stuart Frankel & Co. Inc. And Its Partners Own (TOL)
Stuart Frankel & Co. Inc. And Its Partners Own (XRX)
Stuart Frankel & Co. Inc. And Its Partners Own (SDS)
Stuart Frankel & Co. Inc. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc. And Its Partners Are Short (CL)

For Brian Kelly
Kanundrum Capital Owns (C)
Kanundrum Capital Owns (JPM)
Kanundrum Capital Owns (GE)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (FCX)
Kanundrum Capital Is Short Copper
Kanundrum Capital Is Short Treasuries
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short (KRE)
Kanundrum Capital Is Short (RKH)
Kanundrum Capital Is Short (SLX)
Kanundrum Capital Is Short (X)
Kanundrum Capital Is Short (AA)
Kanundrum Capital Is Short (ACH)
Kanundrum Capital Is Short (EWH)
Kanundrum Capital Is Short (EWY)
Kanundrum Capital Is Short (AA)

For Brian Stutland
Stutland Equities Is A Market Maker In VIX Futures And Options
Stutland Equities Is A Market Maker In SPX Options

For Gerard Cassidy
RBC Capital Markets Is Providing Fulton Financial Corp. With Non-Investment Banking Securities-Related Services
RBC Capital Markets Has Provided Fulton Financial Corp. With Non-Investment Banking Securities-Related Services In The Past 12 Months
RBC Capital Markets Has Provided KeyCorp With Non-Securities Services In The Past 12 Months
RBC Capital Markets Has Provided Webster Financial Corp. With Non-Securities Services In The Past 12 Months
Royal Bank of Canada And Affiliates Owns 1% Or More Of Regions Financial Corp.
RBC Capital Markets Has Provided Huntington Bancshares With Non-Securities Services In Past 12 Months

  Price   Change %Change
AA
---
AFF
---
BBBY
---
CAT
---
X
---
SPDR SPBIO
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report