Fast Fire Aug 8 2008: The Misfires


As every week, the Fast Money crew takes a look back at some of their less-accurate trades and plays. After all, as Dylan remarks, "nobody says they're perfect around here."

Adami, Jul 28: Buy Arch Coal
"Coal still works," he said at the time. Misfire. "When a stock is broken, a stock is broken." It's dropped 23% since.

Macke, Jul 16: Sell Intel
It was the right call last winter, but Macke continued to purge Intel well into the summer. Now it's 16% up since then. "I'm no less bummed now. I gave up on them too early." Would he buy again? "Maybe."

Finerman, Aug 6: Sell Abercrombie & Fitch
Then, she said its valuation was low and had a fantastic balance sheet. Today, the shares are still down from yesterday's movement. "It was wrong to be long going in on same-store sales." But, she still bought a small position today, and will increase if earnings are good.
Karen: Cisco has awesome valuation.

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On Aug 8 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 (WMT) (COST) (DIS) (MSFT) (EMC); Adami Owns (AGU) (C) (BTU) (GS) (INTC) (MSFT) (NUE); Karabell Owns (FMCN) (AAPL) (AGU) (GOOG) (JPM) (GLD) (SLB); Finerman's Firm Is Short (IYR) (IJR) (MDY) (SPY) (IWM) (XLF) (BBT) (COF); Finerman's Firm And Finerman Own (C) Leaps; Finerman Owns (GS); Finerman's Firm Owns (MSFT) (SUN) (TSO) (VLO); Finerman's Firm Owns (ANF) And (ANF) Call Spreads; Gartman Is Short (TAP) (TM) (MA); Gartman Owns (AFFY) (FLO) (PLL) (IBM) (HOG) (SDS); Gartman Owns (ANDE) And Is Short (ADM); Gartman Owns (QQQQ) And Is Short (TLT); CIBC Gartman Index Owns Copper, Aluminum, Wheat, Corn, Soybean, Natural Gas, 10yr Canadian Bond, Australian Dollar; CIBC Gartman Index Is Short Crude Oil, Sugar, Euro; Roger Neshem Has A Business Relationship With Monsanto; Roger Neshem Owns (DE). PRE-PRODUCED: Finerman Owned (CSCO) On 7/14/08, Finerman's Firm Owned (ANF) Call Spreads On 8/5/08, 8/6/08, Macke Owned (INTC) On 7/10/08.