Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
On June 9th the Pit Boss took a shine to a metals play. At the time he said, "There was some unbelievable option activity in Titanium Metalstoday. This is a stock that has been taken out to the woodshed, but I think its probably at the level where you can buy it and be very comfortable.
Unfortunately not all the glitters is good. Since his buy recommendation shares of TIE have dropped 13%
I think it’s time to pull the plug on this one, Najarian says now.
On June 16th the Negotiator suggested putting money in the bank. At the time he said, “I think for a trade you can own Morgan Stanley around the $42 level with a stop out below $40, I think it has some giddy-up back up to $50.”
Hope you stopped out. Since he recommended this trade shares of Morgan Stanley have slipped 8%.
Fonzi couldn’t say I’m sorry but I can. I was wrong and I’m sorry, admits Adami.
On June 4th the Lone Wolf recommended betting on the Mouse House. At the time he said, I like Disney for the upfront ad sales (on ESPN) for the NBA finals, you've got some bets on that."
Looks like the trade turned goofy. Since his buy recommendation Disney dropped 5%.
I’m not selling my stake, Jeff Macke now says. At least not yet.
On May 19th Tatro charted a new course for Corning . At the time he said, "It just broke out of it's trend line after an excellent earnings report, traders can still buy this stock, raising their stop to $22."