Are You Trading These 6 Stocks Like Regis Philbin?
Move over Kelly and Kathie Lee. We’re scooting into that seat next to Regis.
Oh, we know we can’t hit the high notes like Kathie Lee Gifford can.
And we don’t have the acting chops that Kelly Ripa has.
But our traders do have big talent all their own - a knack for trading the market.
And on Monday, Melissa along with the entire Fast Money gang all took turns in the hot seat, as they played co-host to Regis Philbin’s attempt to bolster his portfolio.
Check out what the gang says when Regis puts them to the test on the following stocks.
Are you trading these 6 stocks like Regis Philbin?
Regis: I should have sold it when it jumped but I waited. There’s nothing worse then watching a stock climb when you’ve sold it.
Adami: You should know you’re never going to sell the highs or buy the lows. The stock trades between $9-$12. Take money off the table when it’s near $12. At these levels I'd think about adding.
Regis: I love to play with this stock. When it goes down to $330 I buy it and wait. Sooner or later it goes to $350.
Terranova: That’s the strategy absolutely.
Regis: It’s getting down into a buying zone, isn’t it?
Finerman: I think it’s near 1 times book value. At these levels, it’s good to own but the Street has some regulatory fears.
Regis: Now what about EMC at $27?
Terranova: That’s a great cloud play. Stick with it. If it rallies maybe sell half.