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Web Extra: Burned by J. Crew, Abercrombie & Fitch

Friday, 23 Jul 2010 | 5:56 PM ET

Going long J Crew and short Abercrombie looked like a hot trade but it wasn't. So how's Karen Finerman playing these stocks now that she's been burned?

The Chairwoman made the fateful call on June 21st. "J. Crew really took it on the chin today. I think that's an opportunity, we added more J Crew, short dollar for dollar Abercrombie against it," she said. "It's really a clear pairs trade."

The only thing that was clear is that it was the wrong pairs trade. Since she said to go long JCrew is down over 10% while Abercrombie is up about 4%.

So what does she think of the trade now? Watch the video and find out in this web extra!

Fast Money Web Extra
The Fast Money traders offer special CNBC.com-only advice on your investments.



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Trader disclosure: On July 23, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC), (F), (FCX), (GE); Kelly owns (BP) puts; Kelly is short (GS), ; Grasso Owns (ASTM), (ABK), (BAC), (BA), (BGP), (C), (CSCO), (DYN), (JPM), (LPX), (MO), (NDAQ), (PFE), (PRST_; Terranova owns (AMZN), (EMC), (CREE), (CRCM), (LRCX), (COP), (AXP), (BMO), (CSX), (PEP), (CVS), (GS), (PCP), (C), (GLD), (APA), (FCX), (JOYG), (MMM), (MOS), (GLD), (UAUA), (WYNN), (GOOG), (BBY), (SU), (KOL)

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