They looked like hot stocks. So how are the traders playing Radio Shack, Research In Motion and more now that they’ve been burned?
Guy Adami
On July 1st the Negotiator did not think a company ranked among the top brass despite being awarded a big army contract. At the time he said, “Oshkosh was a $4 stock in March and its $18 now. I would be taking quick profits in this. Quickly!”
Unfortunately Adami got out just when he should have been getting in. Since he said to sell, shares have soared an additional 15%. So, what does he have to say for himself?
It's hard for me to embrace this stock, Adami says. I just can't chase it but clearly I got out way too early.
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Joe Terranova
On June 16th the Liquidator made an important call about a smartpohone maker. At the time he said, “I like RIMM . If it goes down to about $75. $76 - I think that's where you step in, you've got to buy it.”
Unfortunately this is one call that was better left unanswered. Since he said to get long shares are down around 20%. So what does he have to say for himself now?
The pullback caught me off guard, admits Terranova. But I'm still a buyer.
Karen Finerman
On June 4th the Chairwoman thought Radio Shack contained the right components to build a strong trade. At the time she said, “The balance sheet is in good shape and with the introduction of the new Pre phone, they have a good relationship with Sprint, and this could be a good catalyst for Radioshack.”
Unfortunately what Karen Finerman assembled didn’t work at all. Since she said to get long, shares have slipped around 12%. So what does she have to say for herself, now?
I thought it was a less risky way to play the Palm Pre, explains Karen Finerman. But I was wrong.
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Tim Seymour
On July 1st the Ambassador suggested a long position in General Electric, the parent company of CNBC. At the time he said, “GE's is as well positioned as anybody. I think it looks attractive here, and I think it has underperformed.”
Unfortunately for Seymour since he said to establish a long position, shares pulled back an addition 8%. So what does he have to say for himself, now?
I'm still a big believer in infrastructure, says Seymour.
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Trader disclosure: On July 10th, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT), (PBR); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (SPY), (USO), (BWA), (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm And Finerman Own (FLS); Seymour Owns (TSO); Terranova Owns (TER), (FTO), (SUN), (RIMM), (MSFT); GE Is The Parent Company Of CNBC
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), (CBL), (CAL), (CLB), (DLR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (TNB), (UA), (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
Terranova Owned (RIMM) On 6/16/09
Finerman's Firm Owned (YUM) On 6/16/09