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Burned By Morgan Stanley, Pulte & More

They looked like hot stocks. So how are the trader playing Morgan Stanley, Pulte and more now that they’ve been burned?

Guy Adami

On November 11th the Negotiator thought he’d be laughing all the way to the bank with a long position in Raymond James.

”Raymond James hit a 52 week high today and I think it will continue to move north, he said. “North, yeah. That means higher.”

Somebody get Adami a compass! Since he said to get long shares have tumbled almost 10% -- that's south! So what does he have to say about this stock now?

Bad timing by me, he tells the desk, but I still like the stock.

Karen Finerman

On November 11th the Chairwoman suggested looking at homebuilders – at least some were on solid foundation. “I like Pulte Homes,” she said. "If you want to play housing, this is the way to do it.”

As it turns out, Finerman’s housing trade was rickety at best. Since she said to go long, shares are down 11%. So what does she have to say about this stock now?

If you want to play the turnaround I'd stay with it, she counsels.

Symbol
Price
 
Change
%Change
PHM
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Pete Najarian

On October 16th the Pit Boss thought he spotted opportunity in the financials. “Morgan Stanley is all about limited risk,” he said. It's not Goldman from a risk perspective. Morgan has far less risk to the downside and with a new CEO, I think Morgan Stanley is going to do well.

Maybe it is going to do well, but it sure hasn’t yet. Since Najarian said to get long shares have taken a sharp tumble. So, what does he have to say about this stock, now?

I still like it, he reveals. 2010 should be a good year for Morgan Stanley.

Symbol
Price
 
Change
%Change
MS
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Joe Terranova

On October 19th the Liquidator thought eBay looked like a hot deal. “If you look at the gross merchandizing volume,” he said, “you can see double digits there. eBay, might just be an opportunity.”

As it turned out, Terranova wished he’d never placed this bid. Since he hit buy everybody else hit sell and shares have yet to recover. So, what does he have to say about eBay now?

$22.86 is the 50-day moving average, he says. That's your out.

Symbol
Price
 
Change
%Change
EBAY
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Trader disclosure: On Dec. 4th, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL) Calls; Najarian Owns (AMAT) Calls; Najarian Owns (BAC) Calls; Najarian Owns (DD) Calls; Najarian Owns (GE) Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (HUN) Calls; Najarian Owns (CLF), Is Short (CLF) Calls; Najarian Owns (HUN) Calls; Finerman Owns (GGWPQ), (TBT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (M), (MSFT), (WMT), (CBY), (PLCE); Finerman's Firm Is Short (KFT), (IJR), (IWM), (SPY), (MDY), (USO), (UNG); Terranova Works For (VRTS); Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC

For Joe Terranova
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 (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Thomas Shaw
Stifel, Nicolaus & Co. Expects To Receive/Seek Investment Banking Compensation From (DKS) In Next 3 Months
Stifel, Nicolaus & Co. Or Affiliate Has Received Investment Banking Compensation From (ELY) In Past 12 Months
Stifel, Nicolaus & Co. Expects To Receive/Seek Investment Banking Compensation From (ELY) In Next 3 Months
Stifel, Nicolaus & Co. Or Affiliate Provides Or Has Provided In Past 12 Mos. Investment Banking ServicesTo (ELY)
(ELY) Is Or In Past 12 Mos. Was A Client Of Stifel, Nicolaus & Co. Or Affiliate

For Peter Schiff
Schiff Owns Gold, Silver, Platinum
Schiff Owns (ABX)



Terranova Owned (SU) On 11/9/09, 11/17/09
Finerman's Firm Owned (CLX) On 10/1/09