Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
Just last Tuesday the Negotiator looked at $100 oil and said, “Your instinct would be to buy ExxonMobil . Don't do it, it's the wrong trade."
Maybe you should trust your instincts. Since that call shares of Exxon are up some 3%.
Adami isn't convinced. I still wouldn’t race into integrated oil, he counsels.
On March 5th the Chairwoman went shopping for a high end retailer. At the time she said, "Saks , I'm long the stock."
Finerman didn’t get the bargain she’d hoped for. Shares of Saks are off some 20% since her buy recommendation.
I was wrong, says Finerman. When a stock is down 20% it’s time to cut your losses and get out.
On March 4th the Pit Boss dialed up a cell phone play. At the time he said, "I like Nokia at this level."
Unfortunately for Najarian he didn’t have a good connection. Shares of Nokia are down since his call.
Najarian remains optimistic. I think Nokia is a buy for the long-term, he says.
On February 7th, the Liquidator was bullish on a lumber company. At the time he said, "Weyerhauser is a buy; a good way to play it is on the long side."
Looks like money doesn’t grow on trees. Since the call WY is down 2%.
Terranova isn't afraid to admit his mistakes. It was a bad call on my part, he says.