The Fast Money Misfires – Friday June 6th


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

Pete Najarian

On May 14th, the Pit Boss thought he saw some heat in a Chinese solar name. At the time he said, Keep an eye Yingli Green Energy . You're seeing companies that never made money start to make money.”

Unfortunately Najarian’s trade burned out. Shares of this solar names are down 30% since his call.

This one hurt me, Najarian admits. But I still like the space.


Karen Finerman

On May 1st the Chairwoman expected to turn a profit from trading the exchanges. At the time she said, “I would be a buyer here of the New York Stock Exchange . I like it and I am long NYX."

The NYSE wasn’t a nice trade for Finerman. Since her buy call shares are down 18%.

I was wrong, she admits.


Jeff Macke

On May 29th the Lone Wolf recommended buying retail on the cheap. At the time he said, “J Crew is getting beaten senseless after hours with a three handle, I'm long."

It turned out that this stock was no bargain after all. Shares are down 7% since Macke’s call.

Buy their clothes and just walk away, exclaims Jeff Macke.


Guy Adami

On May 12th the Negotiator saw a fruitful harvest in an ag name. At the time he said, “Earnings should be strong, I think John Deere can go to $100 a share."

Not a terribly tasty trade, here. Shares are down 8% since then.

I still think it goes higher, says Adami. But if it drops to $79.50 pull the rip cord.

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Trader disclosure: On June 6, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS), Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (SUN), (TSO), (VLO), (MSFT), (AAPL), (NYX),(PPH),TIPs; Finerman's Firm And Finerman Own (C), (C) Leap; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (BIG); Macke Owns (WMT), (INTC), (MSFT), (DIS); Najarian Owns (AAPL), (BHI), (CHK), (HD), (HPQ), (TSO), (XLF), (NOK), (AMLN), (ENER); Najarian Owns (LEH) Puts; Najarian Owns (NUE) Calls, (AA) Calls