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Just Buy It?

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What's the trade ahead of Nike’s (NKE) earnings Wednesday after the bell?

Jeff Macke recommends taking profits. He says with shares up 29% it’s probably a good time to sell. Or, hold the stock long term into the 2008 Olympics.

Guy Adami recommends buying NKE on any pullback.

Symbol
Price
 
Change
%Change
NKE
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Trader disclosure: On Dec. 18, 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), (DIS), (INTC); Najarian Owns (BIIB), (C), (ETFC); Najarian Owns (GOOG) Options, (GS) Options, (WYNN) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (SUN), (TSO), (VLO), (YHOO); Finerman's Firm Owns (BEAS) Options; Finerman's Firm Is Short (SPY), (MDY), (IYR), (IJR), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Calls; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts; Charles Schwab Is A Sponsor Of "Fast Money"