Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Gary Kaminsky says short Nasdaq . "Closet indexers should continue to sell their big winners from last year.”
Karen Finerman prefers longGameStop. “They reported disappointing earnings but I expect them to do something with their cash.” (Learn more about this trade in the Web Extra.)
Joe Terranova suggests shortoil futures. “I think energy will be sold over the next couple of days,” he adds.
Tim Seymour says “range trade, Mechel steel; sell it down.”
FAST MONEY’S WATCH LIST -- 1/7/10
On Thursday January 7th Tim Seymour was closely monitoring the action in China Mobile and Nokia.
He’s a buyer of China Mobile on dips and says support should be around $45 with a stop at $44.25.
And he’s a buyer of Nokia every time it dips to around $12.25. Typically it trades back to $13.80, he says.
In the wake of harsh comments from the White House concerning the Christmas Day terror attack, Steve Levenson of Stifel Nicolaus tells Fast Money that there’s “an active solicitation” by the government for new technology development.
How are the traders positioning themselves?
I’d watch Analgoic, says Tim Seymour. I think the government is under extreme political pressure and this company could benefit.
If you fear terror attacks be short the airlines, says Karen Finerman. If something happens they lose.
AFTER HOURS ACTION: APOLLO
Shares of Apollo Group slipped as much as 5% in extended trader after the company reported strong quarterly profits but also said it received notice from the U.S. Department of Education regarding concerns about the school's Title IV program policies. The company expects its liability from the findings will be about $1.5 million.
Jon Najarian sold his position ahead of the close. “I was long from Christmas until this morning,” he reveals. “It moved $6 since I got long and I got out.”