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Obamacare Decision - Nimble Traders Should Do This: Josh Brown

In the wake of the Supreme Court decision to uphold Obamacare the Fast Money traders had a slew of trading ideas.

(For more details on the decision, click here to go to Obamacare Moves Forward: So What Happens Now?)
Following you’ll find insights from trader Josh Brown, author of The Reformed Broker blog.

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Click below for insights from other Fast Money traders:
> Stephen Weiss, managing partner at Short Hills Capital> Stephanie Link, director of research at TheStreet> Steve Grasso, director of institutional sales trading at Stuart Frankel

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Brown says if you’re a nimble trader there are moves to make – but you'll need to be quick. “I’d fade all this stuff,” he says. “If you have profits, I’d take profits.” That’s because Brown thinks after the dust settles the moves won’t be sustained.

“I don’t think any of the moves last,” he adds. And on the other side of the coin he thinks you can buy weakness, for a pop.

“I like biotechs on the weakness,” he adds. Play it long XBI.”

What do you think? We want to know!

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Posted by CNBC's Lee Brodie

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Trader disclosure: On June 28, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long VLO; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Stephanie Link is long AAPL; Stephanie Link is long JPM; Steve Weiss is long QCOM; Steve Weiss is long VZ; Steve Weiss is long T; Steve Weiss is long VOD; Steve Weiss is long ANF; Steve Weiss is long HK; Steve Weiss is long TOT; Steve Weiss is short JCP; Steve Weiss is short X; Steve Weiss is short JEC; Josh Brown is long WMT; Josh Brown is long JPM; Josh Brown is long XBI

For Kris Jenner
Kris Jenner is long UNH
Kris Jenner is long AGP
Kris Jenner is long ALXN


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