Sometimes The Guys Get Burned


Of course, nobody’s perfect! Hare are some recent picks in technology, home building and more that didn’t quite pan out.

Pete Najarian

On May 21st, The Pit Boss had visions of a BlackBerry bust and recommended selling Research In Motion. (RIMM). He said “If I were to pick which one would have the greatest potential to drop, (I’d chose) RIMM (because) the PE levels are just at ridiculous highs"

Pete's prediction hasn't panned out. Shares of the BlackBerry maker hit a 52-week high last week after a rosy Merrill Lynch note. And RIMM is up an impressive 9% since the call.

Today, Pete says the quote comes from a conversation about whether he liked Apple (AAPL) or RIMM more, and AAPL outperformed RIMM during the time frame.

Guy Adami

On May 22nd, The Negotiator was enthusiastic about a high-end homebuilder and recommended buying Toll Brothers (TOL). He said "For a trade I still love this name….I think they have tailwinds."

Unfortunately, headwinds are more like it. Shares of TOL are down 5% since the call on poor earnings.

Today Guy says he’s out of Toll Brothers at $27.50. Until then he’s sticking with it. (On Friday June 1st TOL closed at $28.76)

Jeff Macke

On May 11th The Lone Wolf was howling over a high-end retailer and recommended buying Saks (SKS). He said “A lot of downgrades over the last few weeks… (However,) they are going to rue the day…because Saks is buy”

Jeff might be ruing the day he made this call. Shares of Sakes are off 11% since Macke’s call.

Today Jeff says Saks will be back. Buy the dip.

Karen Finerman

On May 1st, The Chairwoman recommended a metal play; selling RTI International Metals (RTI). She said "If you look at the earnings, they aren't that bad, and the stock gets absolutely annihilated….I think you gotta get out."

But since Karen’s call shares have rallied 8%.

Today Karen says when a stock is up that much, take the money off the table.


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Trader disclosure: On June 1, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (MU), (BTU), (AAPL),(KR), (SWY) Macke Owns (SWY) Finerman Owns (AAPL), (CAT), (HOV) Finerman's Firm Owns (DJ), (TOL), (USG), (WMT), (BJ); S&P Puts, Finerman's Firm & Finerman Own (TYC), (HD), (FLS); CNBC Is A Service Of NBC Universal And Dow Jones
Najarian Owned (AAPL) On 5/21/07