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Fast Money’s Lottery Ticket Trades

With mega-millions fever sweeping the nation, we thought it seemed appropriate to look at something we call Lottery Ticket trades – stock plays that involve higher risk but offer higher rewards.

If you can stomach the risk, our gang has some ideas.

GT Advanced Technology

Zach Karabell sees this trade almost as a binary event.

“GT makes silicon wafers for LED and solar,” he explains. “The solar market has been terrible but the LED market should become profound.

"This stock will either go up a whole lot or down a whole lot,” he says, depending on whether the solar weakness or LED strength prevails.

(At the time of writing, this company had a market cap of $992 million.)

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Talbots

“This could go big or not at all,” says Patty Edwards of the beleagured retailer.

Edwards thinks it’s a good sign that private equity has reportedly made bids for Talbots . “This is a company that’s been getting offers and they’re rejecting them all. I take it as a sign that management thinks they can turn the company around," she reveals.

"From what I’m seeing in the stores, maybe they can. But make no mistake, this is a wing and a prayer trade,” she adds.

(At the time of writing, this company had a market cap of $214 million)

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DryShips

"4 years ago this stock was trading $178,” says Dennis Gartman. “Now it’s trading $3. Dryships declined dramatically.”

And Gartman thinks that sharp decline presents opportunity.

“I think there will be a rebound globally in economic circumstances,” he says. Fundamentally that’s good for shipping.

“And we’ve had a lot of ships come on stream in the last 3 years. That’s driven dry bulk rates lower but I think we’ve seen the end of that.

And technically he likes the stock too.

“It’s not making new lows. It’s holding and going higher on better volume.” All told, “that’s a good trade.”

(At the time of writing, this stock had a market cap of $1.4 billion.)

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“I own this one,” says Steve Grasso.

Although he didn’t tell us anymore about the stock we can tell you that ZaZa Energy was formerly Toreador Resources Corporation, and is engaged in the development of two resource basins located in Texas, United States and Paris, France. The Company’s portfolio consisting of three areas: the Eagle Ford core and the Eagle Ford/Woodbine resource plays in Texas, and the Paris Basin in France, with a total of approximately 435,000 net acres.”

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Trader disclosure: On Mar 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Dennis Gartman is long DSX; Dennis Gartman is long LMG; Dennis Gartman is long FRO; Dennis Gartman is long GOLD; Dennis Gartman is short S&P FUTURES; Dennis Gartman is short YEN; Patty Edwards is long for clients TAL; Patty Edwards is long for clients AAPL; Patty Edwards is long for clients GLD; Patty Edwards is long for clients INTC; Patty Edwards is long for clients JOY; Patty Edwards is long for clients SBUX; Patty Edwards is long for clients COP; Patty Edwards is long for clients VLO; Patty Edwards is long for clients AMZN; Patty Edwards is long for clients PEP; Patty Edwards is long for clients PVH; Patty Edwards is long for clients LECO; Patty Edwards is long LECO

For Adreinne Tennant
JMS is a market maker in this security, and may at any time hold a long or short position in GAP
JMS or an affiliate managed or co-managed a public offering in the past 12 months of GAP
JMS or an affiliate received compensation for investment banking services in the past 12 months from GAP
JMS or an affiliate received compensation for products or services other than investment banking services in the past 12 months from GAP
JMS may seek compensation for investment banking services in the next 3 months from GAP
The research analyst is compensated based on, in part, JMS.s profitability, which includes its investment banking revenues.
JMS or an affiliate beneficially owns 1% or more of any class of common equity securities of GAP
An Employee or Director of JMS is an officer or Director of GAP
The research analyst primarily responsible for preparing this research report or a member of the research analyst.s household has a financial interest in the securities in the form of options (O), warrants (W), futures (F), and/or a short position (S) in GAP
The research analyst primarily responsible for preparing this research report or a member of the research analyst.s household has a financial interest in the securities of the company in the form of a long position in GAP

For Ian Hague
Nothing to Disclose

For Brian Modoff
Nothing to disclose

For Vishnu Lekraj
Nothing to disclose

CNBC.com with wires.

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