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Your First Move For Tuesday August 24th

Monday, 23 Aug 2010 | 7:00 PM ET

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

Brian Kelly recommends long the Gold ETF on concerns about inflation.

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

Tim Seymour suggests following CEO Brian Moynihan into Bank of America shares. (Scroll down for more on this trade.)

Steve Cortes prefers longBHP Billiton.

Karen Finerman likes longCompass Minerals .

Joe Terranova thinks Occidental is a buy despite declining energy prices.

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FOLLOW CEO INTO BOFA

After the close Monday, published reports said that BofA CEO Brian Moynihan snapped up 30,000 shares of his company for about $13 each.

Although the reports didn't say why Moynihan chose to purchase BofA shares now the Fast Money traders were hard pressed not to notice that shares are trading around a 52-week low. The move may be intended to show Moynihan’s confidence in the company's long-term prospects.

Should you follow?

It’s not a huge purchase for him but better to see him buy then sell, says Karen Finerman.

I see it as a vote of confidence and with shares near a 52-week low I’d follow him in, adds Joe Terranova

I’m on the other side of this trade, says Steve Cortes. I’m short and looking to sell more. I think the overhang of housing is just too problematic for BofA.

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THE PITCH: ANDERSONS

Brian Kelly is bullish The Andersons and in Monday’s Pitch makes his case.

You already know that the Andersons is long wheat and owns a bunch of silos in the mid-west, he says. But what you might not know is that the CME changed the rules on what they can get paid as a storage facility. And as long as the spread stays wide that rate should go up.

The Pitch
Pitching stocks to the floor, with Brian Kelly.




Click here to see other Final Trade posts.

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Trader disclosure: On Aug 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), (BX), (GOOG), (POT); Cortes owns (FCX), (SFD); Cortes owns (BHP); Cortes owns Crude Oil; Cortes is short (SPY); Cortes is short (XLF); Cortes is short Japanese Yen; Cortes is short U.S. Treasuries; Finerman owns (GOOG); Finerman’s Firm owns (HPQ); Finerman’s Firm owns (POT) calls; Finerman’s firm owns (WMT); Finerman owns (MOS); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Terranova owns (AXP), (C), (BMO), (V), (POT), (OXY), (GLD), (FCX), (APA), (SU), (XBI)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (DRYS)
Virtus Investment Partners own more than 1% of (EXR)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (XLK)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)

For Brian Kelly
Accounts managed by Kanundrum Capital own U.S. Dollars
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (TBT)
Accounts managed by Kanundrum Capital are short the U.K. Pound
Accounts managed by Kanundrum Capital are short the Peso
Accounts managed by Kanundrum Capital are short (XLF)
Accounts managed by Kanundrum Capital are short (AFL)
Accounts managed by Kanundrum Capital are short (MCO)
Accounts managed by Kanundrum Capital are short (IAI)

Anthony Scaramucci
SkyBridge Capital and Scaramucci own (GD)

Mike Khouw
***No Disclosures***

Jason Trennert
***No Disclosures***

Nishu Sood
Deutsche Bank owns 1% of more than any class of common equity of (TOL)
(TOL) is an investment banking client of Deutsche Bank

Dan Eggers
Credit Suisse provided investment banking services to the subject company (CMS) within the past 12 months.

Credit Suisse has received investment banking related compensation from the subject company (CMS) within the past 12 months.

Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (CMS) within the next 3 months.

Credit Suisse provided investment banking services to the subject company (PCG) within the past 12 months.

Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (PCG) within the next 3 months.

Credit Suisse provided investment banking services to the subject company (SO) within the past 12 months.

Credit Suisse provided non-investment banking services, which may include sales and trading, to the subject company (SO) within the past 12 months.

Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (SO) within the next 3 months.

Credit Suisse has received compensation for products and services other than investment banking services from the subject company (SO) within the past 12 months.

Credit Suisse provided investment banking services to the subject company (PGN) within the past 12 months.

Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (PGN) within the next 3 months.

  Price   Change %Change
ANDE
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BAC
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BHP
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CMP
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GLD
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OXY
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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