Time to sort through the Fast Money in-box and answer more of your questions.
Jim from California
Jim writes, “I’m scratching my head here over the last two days on Monsanto . What’s going on?
The chart for this company is broken, replies Jeff Macke. Stone cold busted.
Mark from Texas
Mark writes, “Are the integrated names forecasting further declines in oil prices? Oil is off 25% from its high but Exxon is trading near a 52-week low.
I think you can trade Exxon between $77 and $82, replies Guy Adami. At current levels it’s a buy and then sell when the stock approaches $82. In fact, I think that’s a great trade.
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Trader disclosure: On Sept 3, 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 (MSFT), (WMT), (UUP), (DIS); Macke Is Short (TM); Adami Owns (BTU), (C), (AGU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (VLO), (JCP); Finerman's Firm Owns (AAPL) Calls, (JCG) Calls, (HUN) Calls; Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Is Short (XLF), (IYR), (IJR), (MDY), (IWM), (SPY), (COF), (BBT), (BAC); Pete Najarian Owns (AAPL) And (AAPL) Collar, Pete Najarian Owns (EP) Call Spread, Pete Najarian Owns (ETFC), Pete Najarian Owns (FTO) Call Spread, Pete Najarian Owns (LEH) Put Spread And (LEH) Call Spread, Pete Najarian Owns (NOK), Pete Najarian Owns (SCHW) Calls, Pete Najarian Owns (WFMI) Put Spread, Pete Najarian Owns (XLF) And (XLF) Collar
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