Money Mail - We Answer Your Questions


Time to reach into the Fast Money mail bag and answer more of your questions.

Clarence From Virginia

Clarence writes, “Why on earth on such an explosive day as Tuesday were the utilities down?

Guy Adami tells Clarence it’s because the market believes the Fed might not cut rates in December. However, Guy likes Public Service Enterprise Group (PEG) at $87 in the space.

Ray from California

“If tech was oversold before Tuesday, and may not be after the rally – will stocks such as Apple (AAPL),Google (GOOG) and Vmware (VMW) retest their lows?

Jeff Macke tells Ray to sell the S&P into 1490. Don’t get excited and race out to buy these stocks.

Don from Maryland

Don writes, “Pete, you said on Monday, with regard to the financials, that there were "other shoes to drop." My question is, having seen five or six shoes drop already, are we dealing with an octopus or a centipede?”

Pete Najarian tells Don most of the “big shoes” have dropped. He recommends waiting a little longer, then getting back into financials in December.


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Trader disclosure: On Nov. 13, 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 (INTC), (YHOO); Najarian Owns (VMW), Najarian Owns (AMTD) Options, (AMZN) Options, (C) Options, (CSCO) Options, (GOOG) Options, (GS) Options, (XLF) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (AMTD), (KALU), (KSS), (TYC), (WMT), (YHOO), (LTD), (TSO); Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD); Finerman's Firm Owns (BIIB) Options, (CROX) Options, (MSFT) Options, (TGT) Options; Finerman's Firm Is Short (MER), (SPY), (IWM), (MDY), (IYR); Finerman's Firm Owns (LEH) Puts