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Fast Money

Fast Messages: Answering Your Questions

Guy:The steel sector was screaming today after falling off a cliff due to low ’08 consumption projections the past week. Does the Fed rate change affect these projections enough to be long steel vs. selling today’s rip? –Dan, AZ

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Fast Messages

Guy says: “Falling off a cliff” is a bit of an exaggeration, but the steel story is real and the steel stocks having pricing power and are cheap on a valuation basis. They should still go higher.

Pete: With the massive options action today in Deere calls, is this somewhere you would put your money? –BJ, IN

Pete says: Yes. Deere is a good trade with nice upside potential.

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Trader disclosure: On Mar. 18, 2008, 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 (INTC), (YHOO), (EMC); Najarian owns (AAPL), (AMR), (BBBY) Puts, (C), (COP) Calls, (CSCO), (JEF) Calls, A Neutral Put Spread In (LEH), (MS), (MSFT), (TSO), (USB) Puts, (YHOO), (XLF); Seymour Owns (AAPL), (BX), (CSCO), (F), (INTC), (MBI), (MER), (MSFT), (SBUX), (TMA), (TSO)

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