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Web Extra: Burned By Deutsche Bank

A long position in Deutsche Bank looked like a hot trade but all it did was burn. So how is Tim Seymour playing this stock, now?

The Ambassador made the fateful call on September 13th. “I draw your attention to Deutsche Bank,” he said at the time. “These guys are strong . These guys are the best of the breed out there.”

They may be strong and best of breed in the long-term but Fast Money is about trades and over the past 3 weeks -- since Seymour made the call -- the stock’s been rather weak.

So how does Seymour suggest playing the stock now? Find out in this web extra. Watch the video now!






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Trader disclosure: On October 5th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Guy Adami owns (AGU), (INTC), (BTU), (NUE), (C), (GS), (MSFT); Tim Seymour is long (AAPL), (YUM); Tim Seymour's firm is short (MT); Karen Finerman's firm is long (BAC), (JPM), (BDX), (YUM), (MCD), (HPQ), (GOOG), (KFT), (FLS), (JCG), (BBY), (TJX); Scott Nations is long (MSFT); Anthony Scaramucci owns (BDX); Jon Najarian is long & has sold calls in (HD); Jon Najarian is long & has sold calls in (COST); Jon Najarian is long & has sold calls in (GS); Jon Najarian is long & has sold calls in (MS); Jon Najarian is long (STEC) calls; Jon Najarian is long (MOS) calls; Jon Najarian is long (ERTS) calls; Jon Najarian is long (COCO) 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)

For Brian Kelly
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (STD)
Accounts managed by Kanundrum Capital own (GS)
Accounts managed by Kanundrum Capital own (JPM)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (VOD)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital are short (SLF)
Accounts managed by Kanundrum Capital are short (HYG)
Accounts managed by Kanundrum Capital are short Mexican Peso
Accounts managed by Kanundrum Capital are short British Pound

For Anthony Scaramucci
Anthony's Scaramucci's firm owns (BDX) for clients

For John Stephenson
No Disclosures

For Colin Gillis
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For Eric Jackson
No Disclosures



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