Web Extra: Burned by Dell, HP
Steering clear of two tech titans seemed like a safe move, but as they say, no risk no reward. Now Zach Karabell is about 10% the wiser.
Since he said to move to the sidelines in HP and Dell both stocks have surged with Dell’s percentage gains almost hitting double digits.
The Academic made the fateful call on August 26th while the rivals were embroiled in a bidding war for 3PAR.
“Dell and HP seem to be companies struggling for growth,” he said.
”We know the story about HP in the past few weeks. People love to have a good acquisition; it makes them feel like they're moving forward but in this case when you have the bidup it's great for shareholders of 3par. I don't think it says anything good about Dell or HP.”
So what does he have to say about these stocks now? Find out in this web extra! Watch the video now.
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Trader disclosure: On Oct. 4, 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 (AGU), (GS), (INTC), (MSFT), (C), (NUE), (BTU); Adami's Wife Works At Merck ; Karabell Owns (AAPL), (FCX); Jon Najarian Is Selling (Aapl) Puts; Jon Najarian Is Long (Lvs); Jon Najarian Is Short (Lvs) Calls; Jon Najarian Is Long (Mgm); Jon Najarian Is Short (Mgm) Calls; Jon Najarian Is Short (Mos) Calls; Jon Najarian Is Short (Mos) Puts; Jon Najarian Is Long (Wynn); Jon Najarian Is Short (Wynn) Calls; Joe Terranova Is Long (EOG), (APA), (AAPL), (OIH), (VRTS), (XBI), (ARUN), (IBM), (XBI), (C), (ORCL), (PEP), (OXY), (SU), (JOYG), (RIG), (IBM), (HES), (RSH), (UPL); Stephen Weiss Owns (NIHD); Stephen Weiss Owns (SLE
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