Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
On January 28th the Lone Wolf developed a taste for Mr. Softee. At the time he said, "I still like Microsoft (MSFT) as my favorite stock for 2008. Hasn't done anything yet, but neither has the market."
Turns out that Bill Gates left the Wolf outside in the cold. Since his call shares of Microsoft are down 13%.
I can’t say the stock has acted well recently, says Jeff Macke. But I’d still get long because they have a great licensing portfolio. I really believe MSFT will be higher at the end of the year.
On February 1st the Pit Boss picked a tech play ahead of earnings. At the time he said, “I like Cisco (CSCO). It's cheap where it's trading right now.
But Najarian was wrecked by tech. He didn’t anticipate CEO John Chambers would warn of slowing sales which sent shares lower.
I think it’s a good company, says Pete Najarian, and I’m still bullish on this stock.
On January 28th the Negotiator thought Wall Street itself would be an avenue to profits. At the time he said, I think the New York Stock Exchange (NYX) is cheap on a valuation basis. Go long NYX."
But the Street is also a boulevard of broken dreams. Since the call shares of NYX are down 9%.
I admit I was wrong, but on a valuation basis I think it’s cheap, says Guy Adami. And in the long-term I think it will go higher.
The Chairwoman has had a thing for shoes now, for quite a while. On January 11th she said, “I'm long Crocs (CROX). We're long options" And then today on Squawk Box she reiterated, I still think there's more growth for Crocs in Europe and overseas."
But Finerman might be shopping in the wrong store. Since the call the stock moved lower.