How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.
BUY RIM?Research In Motion reports earnings Thursday; should you buy ahead of the release?
I do think you buy ahead of this release, counsels Patty Edwards of Storehouse Partners.
BUY OIL? With oil trading lower after the latest round of inventories, should you buy the dip?
I’m a seller into the close, counsels Jared Levy of Peak 6.
BUY GOLD? Gold traded lower on Wednesday; is this an opportunity?
I think it will pullback further, counsels John Kosar of Asbury Research.
DEFLATION OR INFLATION? Consumer prices showed a drop of 1.3% year over year, the biggest decline since 1950. Should investors focus on inflation or deflation?
I think deflation is still the problem, muses Guy Adami.
TRADE TO GO – CHIPS
I think Intel makes sense for a lot of reasons, counsels Guy Adami. It’s a buy around $15.80 and sell it around $16.50.
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Trader disclosure: On June 17th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), NUE); Najarian Owns (V), (CSCO); Najarian Owns (C) Preferred; Najarian Is Short (POT) Puts; Najarian Is Short (WFC); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (IYT); Terranova Owns (SDS), (XBI), (TER), (BTU), (ABT), MSFT); Terranova Is Short (XOM) Call Spread; Terranova Is Short (GENZ) Call Spread; Terranova Is Short (OIH)& (OIH) Puts; Terranova Is Short (RIG)& (RIG) Puts; Terranova Is Short (FCX)& (FCX) Puts; Terranova Is Short (RIMM)& (RIMM) Puts; Terranova Is Short (GENZ)& (GENZ) Puts; Terranova Is Short (IBM) Calls; Terranova OWns (BRCM) & Is Short (BRCM) Calls; Terranova Owns (POT)& Short (POT) Calls; Terranova Is Short (JPM)& Is Short (JPM) Calls; Terranova Owns (MS) & Short (MS) Calls; Teranova Owns (X) & Is SHort (X) Calls; Terranova OWns July Nat Gas Futures; Terranova Owns (DIS) Octovber Call Spread