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Trade Update: Admiring Adami's Assets


In this feature the guys revisit recent trades. Here's what Guy Adami is saying today about one of his past picks in asset management - Affiliated Managers Group (AMG).

The Negotiator first made the call about a month ago. Here's what he said at the time: "I'm going to buy ... some Affiliated Managers Group (AMG). They took a 25% stake in AQR. Now there is talk that AQR might IPO. (If that happens) it could add $20 dollars to AMG's stock price."

Goldman Sachs added the company to its "conviction buy" list Friday, sending shares up 3%.

Guy still likes this stock. He thinks it will go to around $150.

Admiring Adami's Assets

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Trader disclosure: On May 25, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Pete Najarian Owns (BIIB), (ELN), (OXPS); Jon Najarian Owns (AAPL), (BIIB), (BOT), (CLF), (ELN), (INTC), (MSFT), (OXPS), (TRA), (TXN).
For the record: Pete Najarian Owned (OXPS) On 5/21/07; Jeff Macke Owned (JWN) On 5/17/07; Jon Najarian Owned (TRA) On 4/13/07