Time to reach into the Fast Money mailbag and answer a few more questions. Bob writes, “We have seen a big run in Las Vegas Sands (LVS) and Melco Entertainment (MPEL). What can we anticipate now and in the future?
Bob from New York
Bob writes, “We have seen a big run in Las Vegas Sands (LVS) and Melco Entertainment (MPEL). What can we anticipate now and in the future? Will Macau continue to expand or get oversaturated?
Pete Najarian prefers Wynn Resorts (WYNN) and tells Bob he believes WYNN has greater upside than LVS.
Dean from New York
Dean writes, “I love your show. I feel you haven't focused enough on contrarian opportunities though. There are plenty of fantastic real estate companies and trusts that have unfairly been beaten down since August and, while the rest of the market has recovered, they have lagged. One such company is CB Richard Ellis (CBG) which has fallen from $42 and is now trading at $28. Don't you think that as diversified and as global a business should continue to grow at a healthy pace?
Guy Adami tells Dean it’s okay to own CBG as a trade with a stop below $24. (It’s worth noting that CBG closed at $27.97 on Tuesday October 2nd.)
Shibu from New Jersey
Shibu writes, “I've made some serious fast money on some trades but haven't pulled the trigger on some others. For example: Research In Motion (RIMM), NVIDIA (NVDA), EMC Corp (EMC), Blue Nile (NILE), & Apple (APPL). Do I sell this tech-heavy basket now or wait until just before their individual earnings?
Jeff Macke tells Shibu to take some of the gains off the table.
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Trader disclosure: On Oct 2, 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), (EMC); Najarian Owns (BIDU), (UA), (PDLI); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm Owns (DAI), (LEN), (NVT), (NMX), (NYX), (KSS); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts;