Get a leg up on the action. Check out how to trade RIM, networking names and learn what’s on Dennis Gartman’s radar.
PREVIEW OF GARTMAN'S LETTER
Here’s a sneak peak at what will be front and center in Friday’s Gartman Letter.
I’ll be looking at the barbell in retail, says strategic investor Dennis Gartman on Fast Money. I suggest selling the middle end such as Abercrombie & Fitch and I’d get long the selectively on the high end or low end; names such as Family Dollar and Dollar Tree .
In the cell phone wars, it really comes down to two competitors: Apple and RIM And the iPhone threw a right hook Thursday, with Apple saying it was opening retail stores in China.
Is there any reason to bet against the iPhone in a market with a billion customers?
I like RIM better, says Jared Levy. RIM already is in 170,000 organizations around the world. They've got 475 carriers in 160 countries. I just don't think Apple can pry that business away from RIM. I think the pure play on smartphones is long RIM.
I don't think you can compare RIM to Apple, counters Guy Adami. The balance sheets alone are apples and oranges ... or should we say Apple and RIM.
OPTIONS ACTION: NETWORKING NAMES
Pete Najarian has spotted unusual options action in Brocade and Netapp. What should you make of it?
A large volume of Brocade April 6 calls and April 7 calls as well as a large volume of NTAP March 31 calls leads Najarian to speculate these stocks could make a sharp move to the upside.
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Trader disclosure: On February 25, 2010, 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 (GS), (AGU), (C), (INTC), (MSFT), (NUE), (BTU); Kaminsky Owns (EPV); Cortes Is Long Canadian Dollar And Short Treasuries Through Put Options Spread; Najarian Owns (BRCD) Calls; Najarian Owns (KO) Call Spread; Najarian Owns (MYL), (MYL) Puts; Najarian Owns (NTAP) Calls; Levy Is Short (AAPL) Call Spread; Jon Najarian Owns (AAPL), Is Short (AAPL) Calls; Jon Najarian Owns (BAC), Is Short (BAC) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (JPM), Is Short (JPM) Calls; Jon Najarian Owns (PALM), Is Short (PALM) Calls; Jon Najarian Owns (RIMM), Is Short (RIMM) Calls; Jon Najarian Owns (TJX), Is Short (TJX) Calls; Jon Najarian Owns (WFC), Is Short (WFC) Calls; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Is Long (AMSC) Through Options; Jon Najarian Is Long (SII) Through Options; Jon Najarian Is Long (MIL) Through Options; Jon Najarian Is Long (CROX) Through Options; Jon Najarian Is Long (CMC) Through Options; Jon Najarian Is Short (DLTR) Through Options; Jon Najarian Is Short (NFLX) Through Options
For Dennis Gartman
Funds Managed By Gartman Are Long Gold
Funds Managed By Gartman Are Short Euros, British Pound Sterling, Yen
Funds Managed By Gartman Own (GLD)
For Brad Hintz
Hintz Owns Morgan Stanley And Discover
Hintz Owns (CME)
Accounts Over Which Bernstein And/Or Affiliates Exercise Investment Discretion Own More Than 1% Of Barclays PLC, Credit Suisse Group, (C), (GS), (JPM), (MS), (BAC)
Barclays PLC, (C), Credit Suisse Group, (GS), (JPM), (MS), (BAC) UBS AG Are Or In Past 12 Months Were Clients Of Bernstein (Non-Investment Banking-Securities Related Services), Bernstein Received Compensation
An Affiliate Of Bernstein Received Compensation From Barclays PLC, (C), Credit Suisse Group, (JPM), (GS), (MS), UBS AG (Non-Investment Banking-Securities-Related Services)
Bernstein Or Affiliate Received Investment Banking Compensation From (C) In Past 12 Months
Bernstein Or Affiliate Expects To Receive/Seek Investment Banking Compensation From Barclays PLC, (C), Credit Suisse Group, (GS), (JPM), (MS), (BAC) UBS AG In Next 3 Months
For Whitney Tilson
Funds Managed By Whitney Tilson Own (BRK.A), (BRK.B)
Funds Managed By Whitney Tilson Own (IRDM)
Tilson Owns (BRK.A), (BRK.B)
Tilson Owns (IRDM)
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