The Fast Money Misfires – Friday July 11th


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

Karen Finerman

On July 7th the Chairwoman thought she had hit the bulls-eye with her trade. At the time she said, “Time to buy a little Target . Some of these retailers are so excessively beaten down that anything short of a disaster on the earnings front is good news for them."

Unfortunately Finerman was off the mark. Shares of the big box store dropped 8% since her call.

I’m hanging on but wouldn’t recommend it, Karen says now.

Pete Najarian

On June 30th the Pit Boss turned to drugs to cope with this market. At the time he said, “Look at "Teva . They’ve recently been upgraded and their drugs could boost their bottom line.”

Looks like Najarian should have listened to Nancy Reagan and just said no. Shares of Teva are off by 9%.

They disappointed, says Pete. Yuk!

Jeff Macke

On July 7th the Lone Wolf was almost foaming at the mouth over Anheuser-Bush . At the time he said, "InBev made them an offer of $65. If I was a BUD shareholder I'd take it."

Guess this Bud’s not for Macke. Had he taken the InBev offer he’d have missed out on greater upside as a new and higher offer now seem imminent.

God bless ‘em, Jeff says. A higher bid is the American way.

Guy Adami

On July 10th the Negotiator bet on a bank. At the time he said, " I say buy Lehman, with a tight stop because I think you see $21 before you see $16."

Looks like Adami wasn’t prepared for two troublemakers, Freddie and Fannie. Those two can be such a drag.. on a stock! In one day Lehman has slipped nearly 13%.

That’s not funny, says Guy, but it’s better than crying.

Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to

Trader disclosure: On July 11, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (INTC), (USO), (WMT), (MSFT); Najarian Owns (AAPL), (CHK), (TSO), (XLF); Najarian Owns (FNM) And (FNM) Puts; Najarian Owns (LEH) And (LEH) Puts; Najarian Owns (RIMM) Calls, (SLB) Calls, (YHOO) Calls, (CSCO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (PDE); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (GE), (MO); Finerman's Firm Is Long SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (BIG), (RTH), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns (TGT) Calls: GE Is The Parent Company Of CNBC:

Finerman's Firm Owned (TGT) Calls On 7/8/08