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The Fast Money Misfires – Friday June 6th

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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.














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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