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Web Extra: Burned By RIM

A long position in RIM looked like a hot trade but all it did was burn. How is Karen Finerman playing this stocks, now?

The Chairwoman made the fateful call on August 9th. "For me it is about valuation and I still feel the valuation here is very compelling," she said.

Had Finerman waited about 6 weeks the valuation would have become even more compelling. Since she suggested a long position shares are down over 10%.

What does she have to say about this stock now? Watch the web extra and find out now!

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Trader disclosure: On Oct. 1, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman and Finerman’s Firm owns (BAC); Finerman and Finerman’s Firm owns (BP); Finerman’s Firm owns (DAN); Finerman’s Firm owns (HPQ); Finerman’s Firm owns (LEA); Finerman and Finerman’s Firm owns (JPM); Finerman and Finerman’s Firm owns (RIG); Finerman’s Firm owns (CVS); Finerman’s Firm owns (GYMB); 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; Karabell owns (AAPL), (BP), (C), (GS), (MON), (RIMM); Terranova Owns (AAPL), (APA), (ARUN), (C), (EOG), (FTO), (HES), (IBM), (JOYG), (NBR), (OIH), (ORCL), (OXY), (PEP), (POT), (RIG), (RIMM), (RSH), (SU), (UPL), (VRTS), (XBI); Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST)

For Zach Karabell
River Twice Captial own (MON)
River Twice Captial own (GS)
River Twice Captial is short (SPX)
River Twice Captial is short (QQQQ)

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 (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 (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 (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Patty Edwards
Edwards owns (HPQ) for clients
Edwards owns (AAPL) for clients
Edwards owns (ORCL) for clients
Edwards owns (JPM) for clients
Edwards owns (GLD) for clients
Edwards owns (SLV) for clients
Edwards owns (FCX) for clients
Edwards owns (PGM) for clients

For Brian Kelly
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 (GPRE)
Accounts managed by Kanundrum Capital own (JPM)
Accounts managed by Kanundrum Capital own (PCL)
Accounts managed by Kanundrum Capital own (LPX)
Accounts managed by Kanundrum Capital owns U.S. Dollars
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital are short (XLF)
Accounts managed by Kanundrum Capital are short (BCS)
Accounts managed by Kanundrum Capital are short (HYG)
Accounts managed by Kanundrum Capital are short (SLF)
Accounts managed by Kanundrum Capital are short the Mexican Peso
Accounts managed by Kanundrum Capital are short the U.K. Pound

For Steve Grasso
Stuart Frankel & Co and it’s partners own (AMGN)
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)

Pablo Perez-Fernandez
***No Disclosures***

Ed Mills
***No Disclosures***


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