Your Warren Buffett inquiry? Check. The play on Microsoft before earnings? Answered. No matter what the question, the traders have a solution.
I ran into Guy in line for a breakfast burrito in the San Francisco airport on Saturday. Should have paid for his orange juice. Anyway, Guy mentioned that he liked Microsoft (MSFT) going into Thursday's earnings. My question is: assuming earnings are good, are you looking at this as a quick trade to sell? Or would you hold Microsoft for the long-term? --Scott, Reno, NV
The $32 level was resistance for MSFT but it will become support, Guy (and Jeff Macke) have said. Guy recommended MSFT as a long-term holding.
As we see oil go up and the U.S. dollar fall, doesn't that just mean that it costs us (Americans) more, but the actual price of oil in real terms isn't rising that fast? --Nicholas, Menlo Park, CA
Because oil is denominated in U.S. dollars, it seems more expensive as the dollar falls, Jeff said. On the flip side, if you price the U.S. stock indexes in euros, they will have appreciated much less on the year. It’s all a matter of appearance. The only way it really affects the average American is if they travel abroad, Jeff said.
Berkshire Hathaway (BRK) has recently hit all-time highs. Why isn't it featured on your "Pops and Drops" segment? Talk about a value investment with tremendous return. Karen, you're a value hedge fund manager. Why don't you load up on some Berkshire? --Andy, Phoenix, AZ
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Trader disclosure: On Oct 23, 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 (YHOO), (COH), (DIS), (EMC), Najarian Owns (SII), (C), (GOOG), (YHOO), Najarian Owns (AMZN) Options; Finerman Owns (C ), (GS), (BIIB), (BEAS), (MSFT); Finerman's Firm And Finerman Own (TGT); Finerman's Firm Owns (WMT), Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts