ValueClick (VCLK) popped 10%. The online ad firm popped after CNBC's own Jim Cramer speculated the company might be taken over by Microsoft. Our buddy Jim said the company could go for a 100% premium, and it's also a name Pete has liked.
Miramar Mining (MNG) popped 24%. Another gold merger went down in the books with Newmont Mining buying Miramar for $1.5 Billion. – Carter Worth says the pop speaks to the strength of the group.
Altair Nanotechnologies (ALTI) popped 31%. This nanotech exploded after the first successful demonstration of its "NanoSafe" battery pack in an electric car. – Pete Najarian calls the pop, “huge.”
ICICI Bank (IBN) popped 4%. The whole Indian market is starting to show life. – Pete Najarian says the stock popped because they received entrance into the US market.
Mechel (MTL) popped 12%.Tim Seymour explains MTL just bought the world’s largest coal deposit.
California Pizza Kitchen (CPKI) popped 5%. Carter Worth says the company’s chart is bearish. Stay away he adds.
China Sunergy (CSUN) popped 21%. The company singed a fixed price polysilicon supply agreement. – Tim Seymour thinks this company is a buy.
DROPS: (stocks that slid lower)
Coach (COH) dropped 3%. The luxury handbag maker was out of style after Bloomberg reported that the once fast-growing handbag market may be showing signs of slowing. – Carter Worth anticipates more downside in this stock.
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Trader disclosure: On Oct 8, 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 (EMC), (INTC), (SWY), (ATVI), (JWN): Najarian Owns (MON), (NAT), (VCLK): Seygem Asset Management Owns (AA), (AAPL), (ABV), (ITU), (MSFT), (TWX), (GLD), (SBUX), Seygem Asset Management Owns FEMSA: Oppenheimer & Co. Is A Market Maker In (DRYS), (ESEA), (TIVO), (VCLK), (ATVI), (ERTS), (CPKI), (RIMM)
Oppemheimer & Co. Has Received Compensation For Investment Banking Services From (ESEA) Within The Past Year, Oppenheimer & Co. Will Receive Investment Banking Compensation From (ESEA) For Services Performed Within The Past Year, Oppenheimer & Co. Intends To Seek And Expects To Receive Compensation For Investment Banking Services From (ESEA) Within The Next Three Months
Oppenheimer & Co. Is A Market Maker In (CMCSA), Oppenheimer & Co. Has Received Compensation For Investment Banking Services From Comcast Corp. Within The Past Year
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