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Fast Messages - We Answer Your Questions

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It’s time to sort through the Fast Money in-box and answer more of your questions.

One viewer writes, “Pete mentioned that he would sell Research in Motion (RIMM) Friday morning at the open. Is he selling because he thinks it will tail-off?”

When you buy a spread like I did you’re looking for a move and the move is here replies Pete Najarian. Time to take profits.

Another viewer writes, “Karen, will you apply additional shorts to MBIA (MBI) when and if it pops again?”

I want to know what made it pop, first replies Karen Finerman. If it’s a capital infusion of some significant size then I would not short it again. If it’s positive research notes the I would short it again.

Symbol
Price
 
Change
%Change
MBI
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BB
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Trader disclosure: On Dec. 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), (INTC), (EMC), (DIS); Pete Najarian Owns (C), (MS), (MSFT), (RHT), (TGT); Pete Najarian Owns (YHOO) Options, (EMC) Options, (GOOG) Options, (RIMM) Options; Pete Najarian Owns Shares Of NetSuite; Finerman's Firm Owns (WMT), (YHOO), (GS), (BEAS), (PLCE),(VCLK); Finerman's Firm Is Short (SPY), (IYR), (IJR), (MDY), (IWM); Finerman's Firm Owns S&P Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MBI) And Owns (MBI) Puts