A long position in Regions looked like a hot trade but all it did was burn Guy Adami. So what does he think of this stock now?
The Negotiator made the fateful call on March 8th as a bet that the stock was a bargain.
“Take a look at Regions Financials,” he said at the time. “It’s still significantly off that April high at $9.33. It trades around same valuations as Bank of America. Take a look. I think you might like what you see.”
As it turned out, there was nothing to see. Since he suggested a long position shares are down well over 5%.
So what does he have to say about Regions now? Find out in this web extra. Watch the video now!
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Trader disclosure: On April 6, 2011, 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 (AAPL); Seymour owns (F); Seymour owns (GM); Seymour owns (MOS); Seymour owns (TM); Karabell owns (BHP); Karabell owns (GOOG), (RIMM), (MRVL);
Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUC); Adami owns (BTU); Adami owns (BTU); Finerman and Finerman's Firm own (AAPL); Finerman and Finerman's Firm own (CVS); Finerman's firm is long GM leaps; Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (USO); Finerman is short (IWM); Finerman is short (SPY); Finerman is short (MDY); Finerman's firm is long s&p 500 puts; Finerman's firm is long russell 2000 puts; Terranova owns (C); Terranova owns (JAM); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PBR); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Terranova owns (CVI); Terranova owns (CNQ); Terranova is long (POT) puts; Terranova is long (NFLX) puts; Terranova is long (CAT) puts; Terranova is long (VLO) puts; Terranova is long (F) puts; Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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Comcast Is The Parent Company Of CNBC
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GE Owns 49% Of CNBC
