A long position in AES Corp looked like a hot trade but all it did was burn Guy Adami. So how is he playing the stock now?
The Negotiator made the fateful call on October 5th citing attractive fundamentals. “The valuation is fair,” he said “ and it’s trading well below the 52 week-high. I think that’s a stock you might want to look at.”
Unfortunately, all he should have done was looked at it – then walked away. Since he suggested a long position shares of AES are down about 7%.
So what does Adami think about this stock now? Find out in this web extra. Watch the video now!
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