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Fast Messages – We Answer Your Questions

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Time to answer more of your questions.

Cathleen from Massachusetts

Cathleen writes, “I bought Google (GOOG) not long ago – then it immediately went on a dive. Now that it’s inching back up, I’m wondering if I should jump out of this monster and pick up CME Group (CME)?”

Pete Najarian said he still likes Google for the long term as well as CME.

Sanjay from New Jersey

Sanjay writes, “Do you still recommend EMC Corp. (EMC) with IBM (IBM) , Dell (DELL) and Hewlett-Pachard (HPQ) moving into the storage space? How much lower does it go?

It might go lower, Jeff Macke told Sanjay, but the fundamentals remain strong in EMC. – Macke is bullish.

KC From North Carolina

KC writes, “I’m fairly new in buying and selling options. Fortunately I’ve had this situation come up several times. When you buy an option with an expiration out for three or four months and the price has increased of 100% in the first couple of weeks, when should you sell it?

Pete Najarian said whenever you get 100% profits take half off the table.

Brian

Brian writes, “Karen has liked Crocs (CROX). Does she still like it?”

Karen Finerman said, "Brian I still likes Crocs!" - She anticipates more growth.

Rodney

Rodney writes, “Freeport McMoRan (FCX) is all over the place. Does it follow gold? Does it follow the market? Does it follow copper? I am so confused?

Guy Adami told Rodney he thinks FCX has more upside potential. Goldman has a $135 price target on it, he added.

Symbol
Price
 
Change
%Change
CME
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CROX
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DELL
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EMC
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FCX
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GOOGL
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HPQ
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IBM
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Trader disclosure: On Nov. 20, 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 (YHOO), (EMC); Najarian Owns (AMTD) Options; (GOOG) Options; (YHOO) Options; Finerman's Firm And Finerman Own (GS), (KFT); Finerman's Firm Owns (SKS), (TSO), (WMT), (LTD), (CROX), Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MDY), (LEN); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts