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.