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Fast Trades Into Friday's Close

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How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.

TECH BEST PLAY? The Nasdaq was trading in the green around lunchtime; should you hop on the tech trade?

I like tech and I’d play it by getting long the XLK, says Brian Stutland of Stutland Equities.

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BUY BBH? Considering the Biotech and Pharma space is holding up well this week; should you buy?

I like the BBH, reveals Bill Strazzullo of BellCurve. I think it goes to about $97 and at that level I’d take profits.

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SMART PHONE PLAYS? RIMM, Palm and Apple were all trading higher Friday; should you buy the smart phone names?

I’m a buyer of RIMM, reveals Fast Money trader Joe Terranova but I think it’s okay to buy any of these names.

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BUY GOLDMAN?Goldman Sachs was one of the few banking names in the green Friday;, should you get in?

I like the company long term but I wouldn’t get in here, reveals Fast Money trader Guy Adami.

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TRADE TO GO: NIKE

Guy Adami recommends putting Nike stock on your radar. He thinks it’s a buy at current levels with a tight stop around $49.

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CALL THE CLOSE

Guy Adami: I’m a seller. I think the market wants to go lower.
Bill Strazzullo: If I was long anything I’d be long the Nasdaq.
Brian Stutland: Options action suggests the market sells off Friday.
Joe Terranova: I’d play the QQQQ as a bullish bet on the Nasdaq



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Trader disclosure: On June 26th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:

Terranova Owns (RIMM)
Stutland's Firm Owns (SPX)
Stutland is Short (USO)