The Fast Money Misfires


Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires

Karen Finerman

On December 5th, the Chairwoman weighed in with a fashion pick. At the time she said, "I'm going with Crocs . I don't think that growth in Crocs is over. At this valuation, I'm happy to be long Crocs."

Unfortunately, there was nothing to be happy about. Shares are down since the call.

Despite the results, Finerman still thinks the growth story is in place and she remains long.

Jeff Macke

On December 4th the Lone Wolf recommended The Gap . At the time he said, “This is a company where nothing great is expected. They were soft today, and you should be able to add to that position for a trade."

But so far the Gap has been more like a black hole if you were long. Shares of the world's largest specialty retailer have fallen sharply.

It’s time to get out, he counsels.

Guy Adami

On January 3rd, the Negotiator had a taste for chips. At the time he said, “Buy Intel . I think next quarter is going to be great. The stock is setup to trade $31 or $32.”

But the chips didn’t sit well. Shares of INTC are off since the call.

Despite recent weakness Guy Adami still likes the stock.

Pete Najarian

This past Tuesday the Pit Boss made a bearish call on a subprime casualty. At the time he said, "I got a short position on Washington Mutual . I think this stock is going lower. The dividends might look attractive but don't be fooled."

Turns out Pete was fooled. Shares of WM have rallied since Najarian's sell call.

Pete was betting that banks would have a tough time attracting cash. Following the BAC deal he says, don’t stay short anymore.

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Trader disclosure: On Jan 11, 2008, 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): Najarian Owns (BIIB), (C), (CSCO), (MCD), (MSFT); Najarian Owns (AAPL) Options, (CFC) Options, (VLO) Options, (YHOO) Options, (WM) Options: Finerman Owns (GS); Finerman's Firm Owns (YHOO), (DSW), (WMT); Finerman's Firm Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns (CROX) And (CROX) Options; Finerman's Firm Is Short (IYR), (IWM), (SPY); Najarian Was Short (WM) Through Options On 1/8/07; Finerman's Firm Owned (CROX) On 12/5/07