Our traders are good - but you knew that! Check out their latest picks that paid.
On October 17th The Negotiator recommended buying Mastercard (MA). At the time he said, "People are spending more with their credit cards. It doesn't mean they're spending more, but what they're spending now they're spending with plastic. 60% by 2009 of all transactions will be with credit cards. I still love MA .”
The Negotiator saw how Mastercard was poised - to “charge” up the charts! Shares of the credit card company maxed out gains, and climbed 17% after booming international growth led to plastic profits.
On October 31st The Lone Wolf recommended shorting financials and Citigroup (C). At the time he said, "I’m bearish on financials… I see no compelling reason to buy Citigroup."
Although the market rallied on Wednesday’s Fed rate cut, Macke sensed another shoe was yet to drop. The very next day bank stocks were thrashed on Wall Street and if you had gotten short Macke’s least favorite financial - you would’ve seen a gain of 9% overnight.
On Tuesday October 29th The Chairwoman recommended shorting a GPS giant. At the time she said, "I'm a little skeptical of Garmin (GRMN). People are really hyped up in front of earnings. I would not be long."
Finerman mapped out the right trade on this navigation company gone wrong. Shares of Garmin turned south, by almost 20%, on concerns they might get embroiled in a bidding war to buy competitor Tele-Atlas
On October 8th the Ambassador recommended buying CTC Media (CTCM) and Central European Media Ent (CETV). At the time he said, “CTCM is the 4th largest television station in Moscow… It’s a 4 billion dollar company expanding into Kazakhstan and Uzbekistan. And CETV is Central European Media. In Slovenia, Slovakia, it’s largest media company there."
Well, ratings in Moscow and Prague must have surged because shares of CTC Media climbed 7% and CETV popped 20% since Seymour’s call .
Now that’s “Fast Money.”