Eric Bolling says this will be a once-in-a-lifetime product that will truly change the industry and he still recommends buying Apple. He adds the iPhone does not compete with the BlackBerry(RIMM) and he says sell Palm (PALM).
Pete Najarian says he loves the iPhone and thinks everyone will want to have it. And he, too, thinks Apple is a buy.
Guy Adami says the day AAPL trades 150 million shares over a 2 day period will be the day to get out. Unitl then stay long, he says.
Jeff Macke thinks there’s downside in AAPL because the iPhone is over-hyped and Jeff doesn’t think there will be enough units in stock to meet demand.
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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 (AAPL), (DNDN), (HOT), (MAR), (ONXX); Bolling Owns (ICE), (DIS), (T), (NMX), Sugar, Natural Gas Futures, Bolling Has Closed Out Of His Coffee Trade: CNBC Is A Service Of NBC Universal And Dow Jones