Monster Takes Money Pros on Roller Coaster Ride

Investors who gobbled up shares of Monster Beverage on Monday found themselves struggling to get the bad taste out of their mouths.

By the end of the session, Monster had given up 28% gains and then some after Coca-Cola refuted a report in the Wall Street Journal, and said it is not in talks to acquire the energy drink maker.

Speculation certainly seemed to make sense; according to Street chatter Coke and Monster had held talks last year that did not result in a transaction.

A deal would have “given Coke a new avenue when sales of traditional soft drinks have stagnated,” the Journal said.

But officially Coke said no deal, “At this time, we are not in discussions to acquire the Monster Beverage Corp.”

Always on the prowl for a fast money trade, Jon Najarian regrets not trading skeptically. “I wish I had the good sense to get short,” Najarian says. “The news seemed to be compelling and made sense.”

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Trader disclosure: On Apr 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; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long FCX; Tim Seymour is long AAPL; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami is long AGU; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM; Karen Finerman is long HPQ; Karen Finerman is long MSFT; Karen Finerman is short MDY; Karen Finerman is short IWM; Karen Finerman is short SPY; Jon Najarian is long GS; Jon Najarian is long INTC; Jon Najarian is long MDRX; Jon Najarian is long LQMT; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long DDMG; Jon Najarian is short PCLN STRADDLES; Josh Brown is long COP; Josh Brown is long XBI

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