On November 1st the Pit Boss recommended Manitowoc (MTW), a US crane company.
But shares of the stock fell like an old building on a construction site, down as much as 10% since the call.
The global growth story isn’t over, says Pete Najarian. Hold onto this stock.
The Chairwoman has some explaining to do. On November 8th she recommended a biotech —and back in September she said FiberTower (FTWR) was a buy, because it should benefit from a “back haul build.”
But since the call Bigoen (BIIB) dropped about 7% and FiberTower slipped a whopping 32%.
I’ve been a little disappointed with Biogen. However, I was clear about FiberTower, says Finerman. It’s risky. I think it will either go to zero or it will skyrocket. And, no matter what, it’s a long term play.
He's off the hook, this week.
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Trader disclosure: On Nov. 16, 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 (EMC)
Najarian Owns (CSCO) Options, (MSFT) Options,(YHOO) Options, (GOOG) Options; Finerman Owns (ASD); Finerman's Firm And Finerman Own (FTWR), (GS); Finerman's Firm Owns (KSS), (WMT), (CROX), (YHOO),(NYX); Finerman's Firm Owns (BEAS) Options, (BIIB) Options, (NVT) Options, (NMX) Options, (MSFT) Options; Finerman's Firm Is Short (LEH), (MTW), (IJR), (IYR), (MDY), (IWM), (SPY); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm And Finerman Owned (FTWR) On 9/11/07; Finerman's Firm Owned (BIIB) Options On 11/8/07; Finerman's Firm Owns (HD) And (HD) Options, Finerman Owns (HD)