What does it mean to be quicker than the ticker? It means our guys are good! Click here to read about their latest picks that paid.
Pete Najarian (aka The Pit Boss)
On August 14th Pete Najarian recommended shorting E*Trade Financial (ETFC). At the time he said, "I’m seeing heavy, heavy put buying again today in E*Trade. They were even buying the August with three days to trade."
The Pit Boss, saw options turmoil in E*Trade and shares of the online broker went offline. In fact, they're down as much as 30% only two days after Najarian’s call on concerns over the company’s mortgage exposure.
Jeff Macke (The Lone Wolf)
On August 10th Jeff Macke recommended shorting Wal-Mart (WMT). At the time he said "Wal-Mart has a time honored tradition of stinking and blaming everything except Wal-Mart. They're gonna do both of these things this week."
The Lone Wolf, spotted a wall of worry at Wal-Mart after the mega-retailer’s CEO admitted their earnings were not up to snuff. Consequently, shares tumbled, down 6%. That translated into fast money for those who got short on Macke’s advice.
Karen Finerman (The Chairwoman)
On August 3rd Karen Finerman recommended buying Kaiser Aluminum (KALU). At the time she said, "I think you're going to see years of good steady even Dow growth. I still like it. I'm buying it.”
The chairwoman, stuck to her guns on Kaiser Aluminum and her determination paid off. Shares of the metal maker jumped up a hot 7% this week after a shiny profit report.
Guy Adami (The Negotiator)
On July 31st Guy Adami predicted a precipitous drop in The Dow. At the time he said, “12,700 in The Dow young man. We'll be there by Labor Day."
The Negotiator saw the impending sell off in the markets and lo and behold, within two weeks The Big Board at the New York Stock Exchange read 12,700. Had you listened to The Negotiator, you could’ve turned a sea of red into cold hard green!
Now that’s “Fast Money.”
Quicker Than The Ticker
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Trader disclosure: On Aug 17 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Macke Owns (EMC); Pete Najarian Owns S&P Puts; Pete Najarian Is Short (GS), Finerman's Firm Owns (AA), (DAI), (WMT), (COP), (GS); Finerman's Firm Owns S&P Puts; Finerman's Firm And Finerman Owned (KALU) On 8/3/07