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.
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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.
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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.
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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.
