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Your First Move For Friday February 11th

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Brian Kelly thinks events in Egypt will be bullish for gold and suggests playing it with a long position in the IAU .

Dennis Gartman says, "I’m a buyer of gold, Canada and the Aussie and I’m a seller of yen in equal dollar amounts against the whole trade."

Guy Adami recommends long American Eagle.

Karen Finerman suggests long BP .

Joe Terranova says if you want to avoid Egypt all together, look at XBI. “It keeps working.”

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APPLE TO MAKE CHEAPER IPHONES?

The Fast Money traders are also keeping a close eye on the action in Apple which closed lower despite published reports suggesting Apple was working on a smaller and cheaper iPhone.

According to Bloomberg, Apple has considered selling the new iPhone for about $200, without obligating users to sign a two-year service contract. They also say the prototype is about one-third smaller than the iPhone 4.

What’s the trade?

Fundamentally the story remains the same but the momentum may be turning, says Joe Terranova. That’s something to watch.


Click here to see other Final Trade posts.

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Trader disclosure: On Feb 10, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (VRTS); Terranova owns (C); Terranova owns (UPL); Terranova owns (GM); Terranova owns (PEP); Terranova owns (APA); Terranova owns (CVI); Terranova owns (SU); Terranova owns (CNQ); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BAC) leaps; Finerman's firm owns (BBY); Finerman owns (C); Finerman's firm owns (GLW); Finerman owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM); Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (MCD); Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Finerman's firm owns (WMT); Finerman and Finerman's Firm Own (BP)

Comcast is the parent company of CNBC
Comcast is the parent company of NBCUniversal
GE owns 49% of NBCUniversal
GE owns 49% of CNBC


For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DPUKF)


For Dennis Gartman
Funds Managed By Dennis Gartman Are Short The Yen
Funds Managed By Dennis Gartman Are Long The Australian Dollar
Funds Managed By Dennis Gartman Are Long The Canadian Dollar
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Are Short The S&P
Funds Managed By Dennis Gartman Are Short The Yen
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Own (F)
Funds Managed By Dennis Gartman Own (MCP)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (BAC)
Accounts Managed By Kanundrum Capital Own (ELX)
Accounts Managed By Kanundrum Capital Own (QLGC)
Accounts Managed By Kanundrum Capital Own (IAU)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (DRYS)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Own US Dollar
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (LYC.AU)
Accounts Managed By Kanundrum Capital Are Short The Australian Dollar
Accounts Managed By Kanundrum Capital Are Short The Yen

For Rich Ilczyszyn|
Ilczyszyn has no disclosures

For Andy Busch
Busch has no disclosures

For John Gabriel
Gabriel has no disclosures

For Brian Stutland
Stutland has no disclosures

Fast Fire 12/17/2010
Terranova had no disclosure in (RIMM) on 12/17/2010

Pete Najarian SOT 2/4/11
Pete Najarian owned (PEP) on 2/4/11

Symbol
Price
 
Change
%Change
AEO
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BP.
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IAU
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SPDR SPBIO
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AAPL
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