Web Extra: Burned By Microsoft

It looked like a hot trade. So how is Tim Seymour playing Microsoft now that he’s been burned.

The Ambassador made the fateful call on April 8^th.

At the time he said, “This is a stock that’s been unloved. I think we see a rotation into quality. I think its going higher."

Unfortunately this stock was unloved because it’s a heart breaker. Since he said to get long shares have moved sharply lower.

So, what does he have to say about Microsoft now?

The charts has leveled off and it's not a terribly expensive stock, he says. I'm in it.

	Price		Change	%Change
MSFT		---

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TRADER DISCLOSURE: ON MAY 28, 2010, THE FOLLOWING STOCKS AND COMMODITIES MENTIONED OR INTENDED TO BE MENTIONED ON CNBC’S FAST MONEY WERE OWNED BY THE FAST MONEY TRADERS; IUORIO OWNS (GE), (C), (FXC), (FXA),; IUORIO IS LONG VOLATILITY IN S&P FUTURES; TERRANOVA OWNS (FTO), (IPSU), (RSX), (PFE), (STLD), (TER), (APA), (YHOO), (AXP), (BMO), (BBY), (DIS), (XCO), (BTU), (SWN), (GLD); GRASSO OWNS (DCPA), (ASTM), (ABK), (BP), (BAC), (BGP), (C), (DYN), (JPM), (LPX), (NDAQ), (PRST), (CGP), (JPM); KARABELL OWNS (CSCO), (AAPL), (SLB), (GOOG), (BRCM), (C), (GS); ADAMI OWNS (AGN), (C), (GS), (INTC), (MSFT), (NUE), (BTU); SCARAMUCCI OWNS (GOOG); (GS), (KFT), (PFE); TERRANOVA OWNS (FTO), (IPSU), (RSX), (PFE), (STLD), (TER), (APA), (YHOO), (AXP), (BMO), (BBY), (DIS), (XCO), (BTU), (CVS), (IPI), (TEVA), (FXB), (GLD); KELLY OWNS (FXE) CALLS; KELLY OWNS (IBM) CALLS; KELLY OWNS (STD) CALLS

FOR STEVE GRASSO:
STUART FRANKEL AND ITS PARTNERS OWN (AMR)
STUART FRANKEL AND ITS PARTNERS OWN (BAX)
STUART FRANKEL AND ITS PARTNERS OWN (CUBA)
STUART FRANKEL AND ITS PARTNERS OWN (DHR)
STUART FRANKEL AND ITS PARTNERS OWN (DYN)
STUART FRANKEL AND ITS PARTNERS OWN (GERN)
STUART FRANKEL AND ITS PARTNERS OWN (GS)
STUART FRANKEL AND ITS PARTNERS OWN (HSPO)
STUART FRANKEL AND ITS PARTNERS OWN (MERC)
STUART FRANKEL AND ITS PARTNERS OWN (NWS.A)
STUART FRANKEL AND ITS PARTNERS OWN (NYX)
STUART FRANKEL AND ITS PARTNERS OWN (PDE)
STUART FRANKEL AND ITS PARTNERS OWN (PFE)
STUART FRANKEL AND ITS PARTNERS OWN (PRST)
STUART FRANKEL AND ITS PARTNERS OWN (RDC)
STUART FRANKEL AND ITS PARTNERS OWN (SYMC)
STUART FRANKEL AND ITS PARTNERS OWN (TLM)
STUART FRANKEL AND ITS PARTNERS OWN (TRV)
STUART FRANKEL AND ITS PARTNERS OWN (XRX)
STUART FRANKEL AND ITS PARTNERS OWN (SDS)
STUART FRANKEL AND ITS PARTNERS OWN (TBT)
STUART FRANKEL AND ITS PARTNERS ARE SHORT (QQQQ)

FOR ANTHONY SCARAMUCCI
SKYBRIDGE OWNS (GS)
SKYBRIDGE OWNS (GOOG)
SKYBRIDGE OWNS (KFT)
SKYBRIDGE OWNS (PFE)
SKYBRIDGE IS SHORT (WMT)

FOR JOE TERRANOVA
TERRANOVA WORKS FOR (VRTS)
TERRANOVA IS CHIEF MARKET STRATEGIST OF VIRTUS INVESTMENT PARTNERS, LTD.
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (AMKR)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (IGE)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (DBV)
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 (XLP)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLY)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLI)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLU)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (DRYS)


PATTY EDWARDS

EDWARDS OWNS (BP) FOR CLIENTS
EDWARDS OWNS (RIG) FOR CLIENTS
EDWARDS OWNS (MS) FOR CLIENTS
EDWARDS OWNS (JCG) FOR CLIENTS
EDWARDS OWNS (BKE) FOR CLIENTS
EDWARDS OWNS (COH) FOR CLIENTS
EDWARDS OWNS (COST) FOR CLIENTS
EDWARDS OWNS (WMT) FOR CLIENTS
EDWARDS OWNS (AZO) FOR CLIENTS
EDWARDS OWNS (HD) FOR CLIENTS
EDWARDS OWNS (WMFI) FOR CLIENTS
EDWARDS OWNS (V) FOR CLIENTS
EDWARDS OWNS (GOOG) FOR CLIENTS
EDWARDS OWNS (WFMI) FOR CLIENTS
EDWARDS OWNS (VXX) FOR CLIENTS
EDWARDS OWNS (GLD) FOR CLIENTS
EDWARDS OWNS (PGM) FOR CLIENTS


FOR BRIAN KELLY
KANUNDRUM CAPITAL OWNS (STD)
KANUNDRUM CAPITAL OWNS (IBM)
KANUNDRUM CAPITAL IS SHORT THE EURO
KANUNDRUM CAPITAL IS SHORT THE YEN
KANUNDRUM CAPITAL IS SHORT THE SWISS FRANC
KANUNDRUM CAPITAL IS SHORT THE BRITISH POUND

FOR RICHARD KANG
EMERGING GLOBAL ADVISORS OWNS (PTR) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (PBR) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (LFC) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (BBD) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (IBN) IN ITS FUNDS




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