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Will Apple iPhone 5 Live Up to Hype?: Pros

The highly anticipated AppleiPhone 5 went on sale Friday, but is there still time to buy stock? The “Fast Money” pros weigh in.

Jon Najarian of OptionMonster.com saw continued upside in the stock, pointing out lines across the country and internationally.

“I’m long gold in Apple terms today,” he joked, adding that excitement could last into next week when sales data is released.

Najarian noted that estimates put sales of the new smartphone around 8 million units (from Piper Jaffray’s Gene Munster).

“I think you buy it Tuesday next week instead of today,” he said. “This is going to be huge.”

Stephen Weiss of Short Hills Capital was less sanguine, though he also saw growth potential.

But the question lingered: “What’s the next product?” he said. “Where’s the next growth?”

Stuart Frankel’s Steve Grasso disagreed.

“I don’t think they’re really looking for a product launch so quickly,” he said, adding that focus on the iPhone 5 was plenty to keep the company’s stock hot. “I think that’s all they need right now.”

Joe Terranova of Virtus held up a brand-new iPhone 5 and dismissed talk of issues with its mapping software, which had appeared to exhibit glitches in reports this week.

“It’s totally fine,” he said. “It is incredibly faster that what you’re going to experience with the Apple iPhone 4S.”

Cutting through the hype, Jon Najarian suggested pausing before jumping into the stock.

“I think you buy it Tuesday next week,” he said, arguing that stockholders would likely be looking to sell. “Monday could be a soft day for it.”

But, he added, don’t wait too long — action in the options market are already poised to send the stock higher.

Trader disclosure: On Sept. 21, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long WFM; Joe Terranova is long SWN; Joe Terranova is long AAPL; Joe Terranova is long TRV; Joe Terranova is long VZ; Joe Terranova is long VLO; Joe Terranova is long CSTR; Joe Terranova is long CHKP; Joe Terranova is long GLW; Joe Terranova is long EMC; Joe Terranova is long NXPIP; Joe Terranova is long AAPL SEPT 655 PUTS; Joe Terranova is short AAPL 640 PUTS; Joe Terranova is short EURO DECEMBER FUTURES; Steve Weiss is long T; Steve Weiss is long VZ; Steve Weiss is long VOD; Steve Weiss is long AAPL; Steve Weiss is long TOT; Steve Weiss is long HK; Steve Weiss is long AIG; Steve Weiss is long BAC; Steve Weiss is long BBT; Steve Weiss is long QCOM; Steve Weiss is long MTGE; Steve Weiss is long CINY; Steve Weiss is long AMTG; Steve Weiss is long M; Steve Weiss is long EUO; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long S; Steve Grasso is long NVIV; Steve Grasso is long PFE; Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in NFLX; Jon Najarian is long call spreads in GLD SHORT STRANGLES; Jon Najarian is long GLUU; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long STSI; Jon Najarian is long ATVI;

For Colin Sebastian
Robert W. Baird & Co. Incorporated makes a market in the securities of FB.
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