On May 21st The Pit Boss recommended buying optionsXpress (OXPS). He said "optionsXpress is being rumored as a takeout candidate…the June options were on fire today."
Surprise! This company hasn't been taken out yet. But shares did fall after yesterday's shareholder meeting and are now down 3% since Pete Najarian's call.
Today Pete tells Dylan he was talking about the options trade. He adds the options went from .80 to $2. Now they’re back to .90 – so investors are still up. Pete still likes the trade and says stay with it.
On May 17th, The Lone Wolf recommended buying Nordstrom (JWN). He said "I'm going to talk my book, a little Nordy's. I thought the quarter was great."
Well he may have been right on the earnings, but it seems Nordstrom has been out of fashion with investors since Macke's call, selling off about 1%.
Today Jeff says JWN is a long term hold in his book. He recommends riding it out, because the fundamentals of this company are strong.
On April 13th, The Monster recommended buying Terra (TRA). He said "Dont unload those fertilizer stocks; They’re going a lot higher…I would hold on to those stocks”
So far this fertilizer play has been kind of, well, stinky! A Citigroup downgrade of agricultural chemical stocks sent the company down 2%.