How can something that feels so right, go so wrong. Following are the guys‘ stock picks that didn’t pan out.
On March 19th Guy Adami said “Stay away from Cemex (CX).” Today, Dylan Ratigan says the stock is up 5% since that call. Guy Adami says he still recommends staying away from CX until the end of the month when an acquisition will play out. Long term, however, he likes the stock
THE RISK DOCTOR
On March 13th Tim Strazzini recommended Broadcom (BRCM). He said “HDTV, WiFi, new standards in wireless communications, all of this speaks to Broadcom continuing to benefit from the next leg up, the next cycle."
Dylan Ratigan says the Motorola (MOT) news whacked this stock. Tim Strazzini adds although the stock is down about 3% since March 13th it’s going to do just fine long term, and he recommends investors own BDCM.
THE LONE WOLF
On March 12th Jeff Macke said to buy Blockbuster (BBI). He said the stock was moving higher, “because of the way (the Board) are coming down on the CEO.”
Dylan says it’s not a good time for Blockbuster investors. Blockbuster announced Tuesday that Chief Executive John Antioco would leave the company after an unusually public dispute with company directors over his bonus. Jeff says get out of the stock.
On January 24th Eric Bolling said he liked Melco PBL Entertainment (MPEL) which is focused on Macau. “Everything they’ve done in Macau turns to gold.”
Today, Dylan Ratigan says shares of Melco are down 23% since Eric’s call because of cost overruns. Eric says MPEL is one of his biggest positions of anything he owns. He still likes it and he’s staying with it.