And it’s hard to deny that shares have climbed 120% ytd. But don’t let Steve Grasso hear you say it’s time to lock in profits.
“It seems to me that the pullback is an opportunity to buy.You’ll thank yourself over the next couple of weeks,” he says.
And no, he’s not just blindly bullish.
“It would be a mistake to lock in profits in financials,” he explains. “I expect to see a real chase for performance in November and December and I'd place my bets accordingly.”
What do you think? We want to know!
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Trader disclosure: On Oct. 16th, 2009, 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 (HGSI) Call Spread; Najarian Owns (XLF) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (BAC); Najarian Owns (WFT) Calls; Grasso Owns (ASTM), (BAC), (C), (COST), (PRST), (V), (WMT), (FAZ), (XLF), (AAPL); Terranova Owns (SUN), (OIH), (HOC), (HES), (POT); Terranova Is Short (GRMN), (CCL)
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