They looked like hot stocks; so how are the Fast Money traders playing the Nasdaq, the auto space and elsewhere, now that they've been burned.
On April 6th the Liquidator didn’t take a shine to gold. He said, “the safe haven trade just doesn’t work.”
Looks like Terranova didn’t come up with a shiny winner. Since that time the SPDR Gold Trust which tracks the spot price of gold is over 10% higher. What does Terranova have to say for himself?
As long as the dollar continues to depreciate, especially at the rate it's depreciating, then gold goes higher -- possibly to $1000, says Terranova.
On May 19th the Chairwoman suggested steering clear of an auto parts play. At the time she said, “Borg Warner , I wouldn’t go that way. That’s way ahead of itself.
Turns out Finerman took a wrong turn. Shares of Borg Warner are 5% higher since she said to look elsewhere. What does Finerman have to say for herself?
I still believe that the auto sector isn't the place to play, says Finerman. But I'm limiting my losses by owning puts.
On May 6th the Pit Boss was bullish on the Nasdaq. At the time he said, You've got to love them as a barometer of the market itself.”
Najarian probably wishes he could exchange this exchange play. It’s down 6% since he made a bullish bet. What does Najarian have to say for himself?
Long term I still believe in this trade, says Najarian. Volumes should be increasing.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On May 29th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso Owns (AMZN), (CSCO), (RIMM), (V), (KLF); Stuart Frankel Clients Own (SUN), (YHOO), (AAPL), (AMD) ,(BAC) ,(BHI) ,(BP), (C), (COP) ,(CVX) ,(F) ,(GS) ,(HAL) ,(PFE) ,(SLB) ,(SUN) ,(USO) ,(VLO) ,(WFC) ,(USB) ,(PBR), (JPM), (LMT), (GD), (AET), (GM); Finerman's Firm Owns (MRO); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Finerman's Firm And Finerman Own (BAC) Preferred Shares And Are Short (BAC); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Najarian Owns (PFE); Najarian Owns (BP) Call Spread; Najarian Owns (CLF) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (HIG) Put Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (PCU) Calls; Finerman's Firm Owns (IBB), (XBI), (CSCO), Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (BWA) Puts
Terranova Owns (XBI), (ABT), (RIMM), (HES), (TER), (BTU), (MS), (JPM), (MS), (HES); Terranova Is Short (XOM) Call Spreads; Terranova Owns (DIS) Call Spreads: Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of (ABD),(ARE),(CAL),(DLR),(EPR),(EXR),(IGE),(MEE),(DBC),(DBV),(DBA),(SKT),(UA),(CLB), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights