I think it’s an interesting observation, muses Karen Finerman. This market is so volatile that even a long term investor like me takes profits.
When the good operators start complaining it suggests really bad things for the industry, says Jeff Macke.
Macke is referring to the latest earnings from Wynn Resorts and rival Melco Crown Entertainment . They both reported fourth-quarter losses as the recession hurt business in Macau and Las Vegas.
Just like we said above “you’ve gotta’ know when to hold ‘em and know when to fold ‘em.
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Trader disclosure: On Feb. 25th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (GE) Put Spread; Najarian Owns (DNA) Calls; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (MSFT); Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (X) Put Spread; Najarian Owns (WFC) & (WFC) Calls; Karabell Owns (AAPL), (BHP), (FCX), (GOOG), (GLD), (JPM); Macke Owns (MS), (TM), (SDS), (DIS); Finerman Owns (RIG), (DAI); Finerman's Firm Owns (DNA), (MSFT), (RIG); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO); Finerman's Firm Is Short (BBT); Finerman's Firm Owns (WFC) Preferred