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On July 15th the Lone Wolf plunged head first into a “best of breed” financial. At the time he said, “The market opened very low, that was my shot to get long Goldman Sachs. I'm long Goldman in the low 150's."
Macke’s trade was certainly by the numbers. Shares of Goldman Sachs exploded 12 percent in the last three days as buyers rushed back into banks.
On July 10th the Pitt Boss called Huntsman Chemical the formula for fast money. At the time he said, “Keep an eye on Huntsman. It’s been beaten up and taken to the woodshed. A little bit of buying out there today some of the calls across the board, that’s the name everyone is speculating on..”
Najarian’s trade had all the ingredients for profits. Shares of the company surged 14 percent after mergers in the sector led to a chemical reaction in the stock.
On June 30th the Liquidator made a bullish bet on a bank. At the time he said, “I think JP Morgan is a steal in the lower $30s.”
Terranova must be laughing all the way to…. well, the teller window. Shares of JPMorgan climbed 16 percent after it beat profit estimates.
On June 23rd the Chairwoman began riding the Big Lots losing streak to profits. At the time she said, “We are short Big Lots so I am happy to see this one going lower. Insiders are relentlessly selling so you've got to ask yourself what do they know.”
We say it often but Finerman knows a thing or two about shopping. Shares of the discount retailer dropped 10 percent since Finerman's call and since she was short, she ended this trade with more cash in her register.
Now that’s “Fast Money.”
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Trader disclosure: On July 18, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVID), (MSFT), (GS), (WMT), (HAS); Pete Najarian Owns (AAPL), (CHK), (TSO), (XLF); Pete Najarian Owns (CSCO) Calls, (MRK) Calls, ; Pete Najarian Owns A (YHOO) Call Spread; Finerman Owns (GS); Finerman's Firm And Finerman Own (PDE); Finerman's Firm Owns (MCC), (MSFT), (SUN), (TSO), (VLO), (MCC); Finerman's Firm And Finerman Own (C), (C) Leap; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (VLO), (RIMM), (INTC), (YHOO), (GOOG), (CME), (FCX), (BNI), (XLF), (IYT), (SU), (SA); Terranova Is Short September Crude Oil $130 Puts; Terranova Is Short September Crude Oil $130 Calls; Terranova Is Long September Crude Oil $154 Calls
Terranova Is Phoenix Investment Partners' Chief Alternatives Strategist And Co-Manages The Phoneix Diversifier Fund; Phoenix Investment Partners Owns More Than 1% Of (DBV), (RWX), (LNET), (EXR), (SKT), (DLR), (IGE), (ARE), (DBC), (ABD), (OFC), (CLB), (BLV), (CNTY), (FL), (HPC), (PSPT), (ESS), (OIIM), (BIG), (ENG), (PFD), (DRH); Phoenix Diversifier Fund Owns (IGE), (DBC), (DBV), (GOOG)
Charles Schwab Is A Sponsor Of "Fast Money"
Macke Owned (GS) On 7/15/08; Finerman's Firm Was Short (BIG) On 6/23/08, 7/10/08, 7/11/08