Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires
Just this past Tuesday, The Negotiator rolled the dice on a gaming play.
He said, "I like Las Vegas Sands (LVS) here, I think LVS is a good one." In Vegas they call that a bust. Shares of LVS slid 19% since Adami's call.
Guy thinks LVS will be a buy down the road, but right now he prefers Boyd Gaming (BYD).
On October 4th, The Ambassador was bullish on a financial stock. At the time he said, "Merrill's stock has really underperformed some of their peers. It certainly looks cheap relative to the others. I am a buyer on relative value.” Once again everything is relative. Shares of Merrill (MER) have fallen 19% on fears of the credit crisis and additional write-downs.
Tim Seymour recommends staying with the trade.
A week ago the Lone Wolf was howling over this consumer staple. He said, "Proctor and Gamble – it’s been knocking the cover off the ball. I like this space better, it's safer, they're doing great. I wanna be long Proctor and Gamble (PG)." But shares of P&G are down 3% since the call.
Jeff Macke thinks P&G works long-term.
Last Friday The Chairwoman made this call about this high rising commodity. She said, "I'm gonna’ go along with our Tesoro guy. Short Oil." But it’s up 6% since Karen's sell call.
Karen Finerman says get out. It was a trade that didn’t work.