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Your Questions About Nat Gas and Best Buy

The Fast Money traders always enjoy hearing from you. Following are your questions about nat gas and Best Buy.

Find out what they had to say:

@HPCOUNTRY
Q: Has UNG bottomed out?

A: “Nat gas has been a falling knife,” replies technical trader Abigail Doolittle. “Don’t try to catch it. Until you see the UNG go above the 50-day, you’re playing with fire. I wouldn’t go near it.”

“I'd watch for production shut ins,” adds trader Josh Brown. In other words, supply must come out of the market. “That alone will determine the bottom.”

@Novemberfest
Q:
Any serious takeovers ideas for $BBY? If not, how soon before they file?

A: There are no indications that Best Buy will file for anything,” replies trader Jon Najarian. "However if you’re looking for a trade, watch the 52-week low around $21.21. If it holds– then I’d take a look, but again as a trade.”





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Trader disclosure: On Apr 11, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long AAPL; Jon Najarian is long GS; Jon Najarian is long INTC; Jon Najarian is long IBM; Jon Najarian is long HFC; Jon Najarian is long WNR; Jon Najarian is long RIMM; Jon Najarian is long SBUX; Jon Najarian is long RIG; Jon Najarian is long FSLR; Jon Najarian is long TSL ; Jon Najarian is long THOR; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Josh Brown is long AAPL; Josh Brown is long JPM; Josh Brown is long WFC; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long COP; Steven Weiss is long JPM; Steven Weiss is long CSC; Steven Weiss is long BRCM; Steven Weiss is long JPM; Steven Weiss is long BAC; Steven Weiss is short AAPL SHORT PUTS

For Abigail Doolittle
Nothing to disclose

For Jason Helfstein
Oppenheimer & Co. Inc. makes a market in the securities of YELP
Oppenheimer & Co. Inc. expects to receive or intends to seek compensation for investment banking services in the next 3 months from YELP and YELP1
In the past 12 months Oppenheimer & Co. Inc. has received compensation for investment banking services from YELP and YELP1
In the past 12 months Oppenheimer & Co. Inc. has managed or co-managed a public offering of securities for YELP and YELP1
In the past 12 months Oppenheimer & Co. Inc. has provided investment banking services for YELP and YELP1

For Daniel Ives
Nothing to disclose

CNBC.com with wires.

Symbol
Price
 
Change
%Change
BBBY
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UNG
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