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Web Extra: Trading Weakness In Chip Stocks

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Technology stocks drove the broad-based sell-off Thursday after Bank of America-Merrill Lynch cut its 2010 growth outlook for the semiconductor sector on concerns about a rising inventory glut.

It downgraded 10 stocks, including Intel, Texas Instrumentsand Marvell among others.

The downgrades were a setback for those betting that the technology sector would fare better than others as the recovery takes hold. Chips are essential to a broad range of products, including computers and mobile devices.

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Trader disclosure: On November 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (BP) Calls; Najarian Owns (DELL) Dec. Call, Is Short (DELL) Nov. Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (MCD) Call Spreads; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (BG) Calls; Najarian Owns (KG) Calls; Terranova Owns (POT), (GOOG), (AAPL), (SU); Terranova Owns (UNG) April 2010 Calls; Terranova Owns (FDX) Dec. 2010 Calls; Terranova Is Short Crude Oil January 2010; Terranova Owns Crude Oil December 2010

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Jim Iuorio
Iuorio Owns (UN), (MCD), (FXE), (FXC),( DELL)
Iuorio Owns (GLD), (GLD) Puts, Is Short (GLD) Calls
Iuorio Owns (ABX) Calls
Iuorio Owns (NEM) Calls
Iuorio Owns (SLV), (SLV) Calls, Is Short (SLV) Calls
Iuorio Owns (GIS), (GIS) Calls
Iuorio Owns (WMT) Calls
Iuorio Owns Put Spreads In S&P Futures, Is Short Call Spread In S&P Futures