Fast Money Misfires


Sometimes a stock is hot and other times it just burns. Following are the Fast Money misfires.

Pete Najarian

On Tuesday, The Pit Boss, took a liking to a chemical stock. He said “I would really focus on Celanese (CE) because they're involved in the petroleum world.”

But shares of Celenese have since fallen 9% after the company withdrew guidance.

Today Pete says the play isn’t working out, yet. However he is staying with this stock.

Tim Seymour

On June 22nd, The Ambassador decided to invest with the proverbial “smartest person in the room” – and he recommended Blackstone (BX) on a dip. He said “its a very impressive story. I think consumers want to own hedge funds.”

Maybe that Schwarzman guy was onto something when he decided to sell his company to the public. Shares of Blackstone are 27% lower since Seymour made his call.

Today Tim says he’s taken half his position off the table and plans to ride out the rest.

Jeff Macke

Last Thursday, The Lone Wolf recommended shorting the king of caffeine. He said, “Starbucks (SBUX) is a short until further notice…”

Starbucks has been perking up lately; it’s 7% higher since the call.

Today Jeff says it’s a hard market to short. But he still doesn’t love the stock


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Trader disclosure: On July 20th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Macke Owns (SWY), (INTC); Jon Najarian Owns (RDC), (AAPL); (AMD); (CHL); (CLX); (CME); (F); (JNPR); (NKE); (SWY) (ZMH), (RDC);Jon Najarian Is Short (BX); Seymour Owns (AAPL); (BP); (GLD); (F); (INTC); (YHOO); Pete Najarian Owns (CLX); Seymour Owns (MSFT), (SWC), (HAL), (SLB), (BX); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones; Red Star Asset Management Is Short (XOM)