The digital revolution has been one of the most important themes on “Fast Money” and now we bring you the next chapter: data storage drives. From your iTunes files to your favorite movies, they hold your most prized digital possessions. Where’s the next hot trade?
Pete Najarian says he's seeing high volumes of options trading in Seagate Technology (STX) which he says is a bullish sign. Pete explains that STX makes hard drives and provides memory components for a wide range of customers including the iPhone.
Guy Adami prefers Western Digital (WDC) in the space .
Eric Bolling believes flash memory is the way of the future however he’s not sure if there’s a trade because the space is so crowded with competition.
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Trader disclosure: On June 12 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (ATVI), Najarian Owns (NITE), (GS), (STX), (AAPL); Bolling Owns (ICE), (T), (DIS)(NMX); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures