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Gamble on Harrah’s IPO

With the sweeping success of GM igniting IPO fever on Wall Street, should you place bets on the Harrah's IPO?

Anthony Scaramucci of Skybridge doesn’t think so.

First he doesn't like the balance sheet.

”It has $23 billion in debt," he explains.

But moreover, here's hearing chatter that the hedge fund community is going to bet against this one in a big way.

"I’m hearing hedge fund guys are going to short this stock once it becomes public and be long the debt in what’s known as a capital structure arbitrage."

"Plus Harrah's will have a 95% debt to capital ratio. I just really want to caution investors about this stock."

If you want to play the space Scaramucci suggests "going with Wynn or LVS."

Find out what Jon Najarian has to say about this IPO. Watch the video above!

What do you think? We want to know!

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Trader disclosure: On November 18, 2010, the day this video was recorded, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (UPL), (C), (PEP), (VRTS), (OXY), (GS), (POT), (AAPL), (ORCL), (MCD), (NKE), (IBM); Finerman owns (AAPL); Finerman’s firm owns (GM); Finerman owns (DYN); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Long (GM); Finerman's Firm Is Long (GOOG); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long (JPM) ; Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts ; Finerman's Firm Is Long (PDE) Call Spreads; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Jon Najarian is Long (BKE); Jon Najarian owns (COP) short calls; Jon Najarian owns (CRM) short calls; Jon Najarian owns (DRYS) short calls; Jon Najarian owns (F) short calls; Jon Najarian owns (FIRE) short calls; Jon Najarian owns (FFIV) short calls; Jon Najarian owns (FSLR) short calls; Jon Najarian owns (DLTR) short calls; Jon Najarian owns (DG) short calls; Jon Najarian owns (WMT) short calls; Jon Najarian owns (FCX) short calls; Jon Najarian owns (FCX) call spreads; Jon Najarian owns (GOOG) call spreads; Jon Najarian owns (LTD) call spreads; Jon Najarian owns (FIRE) call spreads; Jon Najarian owns (GT) call spreads; Jon Najarian owns (GM) converts

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 (CMS)
Virtus Investment Partners own more than 1% of (CSC)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (FCFS)
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 (SOA)
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 (WMB)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Anthony Scaramucci
Scaramucci and SkyBridge Captial own (F)
Scaramucci and SkyBridge Capital own (LVS)

For Barry Ritholtz
Funds managed by Ritholtz own (C)

For David Riedel
***No Disclosures***

For Dan Nathan
***No Disclosures***

CNBC.com with wires.

Symbol
Price
 
Change
%Change
LVS
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WYNN
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