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Burned By AES Corp.

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!

This content is only available online - you won't find these trades on TV.




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Trader disclosure: On November 30, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (TEF); Seymour owns (AAPL); Seymour owns (BAC); Adami owns (AGU); Adami owns (BTU); Adami owns (NUE); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami’s wife works at Merck; Grasso owns (ASTM); Grasso owns (BA); Grasso owns (BAC); Grasso owns (BWC); Grasso owns (C); Grasso owns (CSCO); Grasso owns (JPM); Grasso owns (LPX); Grasso owns (MOT); Grasso owns (MHY); Grasso owns (NDAQ); Grasso owns (PFE); Grasso owns (PRST); Grasso owns (X); Terranova Owns (UPL); Terranova Owns (C); Terranova Owns (PEP); Terranova Owns (VRTS); Terranova Owns (GS); Terranova Owns (OXY); Terranova Owns (OIH); Terranova Owns (AXP); Terranova Owns (FCX); Terranova Owns (AAPL); Terranova Owns (POT); Terranova Owns (NKE)

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Terranova is chief market strategist of Virtus Investment Partners, LTD.
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For Barry Ritholtz
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For Alan Zafran
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AES
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