Your First Move For Friday Nov. 2nd


Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

Jeff Macke recommends buying Electronic Arts (ERTS).

Guy Adami likes Intel (INTC).

Karen Finerman prefers Flowserve (FLS).

Pete Najarian says Cypress (CY) is a buy.

Also, Thomas Herzfeld of Thomas J. Herzfeld Advisors joins the panel. He’s a trader whose firm manages about $100 million, primarily in closed-end funds.

He says due to a slew of issuance and end of the year tax selling, there are many closed end funds that are trading at a severe discount to their net asset value or NAV.

Case in point: Clough Global Opportunities (GLO) & DWS Dreman Value Income Edge Fund (DHG).

GLO has gone from trading at 7% discount to its NAV at the beginning of the year to a 16% discount.

More significant: DHG has gone from trading at 10% premium to its NAV to a 15% discount.

Both are very cheap, he says.


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Trader disclosure: On Nov. 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; Macke Owns (ATVI), (YHOO), (INTC); Najarian Owns (BHI) Options, (C) Options, (GOOG) Options, (GS) Options, (HAL) Options, (YHOO) Options, (BHP) Options; Finerman's Firm Owns (TSO),(WMT), (YHOO), (NMX), (BEAS), (GS), (NVT); Finerman's Firm And Finerman Own (KFT), (FLS); Finerman's Firm Owns (C) Options, (MSFT) Options, (NVT) Options, (CROX) Options; Finerman's Firm Is Short (IWM), (SPY), (MDY), (BIG); Finerman's Firm Is Short (MER) And Own (MER) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts