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Burned By Walgreen, Tenet Health & More

They looked like hot stocks. So how are the traders playing Walgreen, Tenet Health and more now that they’ve been burned?

Gary Kaminsky

On January 29th veteran trader Gary Kaminsky thought establishing a position in a drug store stock could generate some healthy returns . “I like Walgreen ,” he said. “I like the management...as they continue to try to drive more traffic to the stores, profit margins should grow.”

As it turns out this trade took a turn for the worse and then went downhill! Since he suggested going long shares have slipped lower. What does Kaminsky have to say about this stock now?

I'm still bullish, he reveals. Walgreen should grow in a no-growth economy.


Joe Terranova


On January 19th the Liquidator recommended a different area of health care as a remedy for stock market ills. “Look at hospitals,” he said. “Look at Tenet Health care.”

Unfortunately if you followed the Liquidator into a long position, you’re probably in need of triage, right now. Since his call, shares are down over 10%. What does Terranova have to say about this stock, now?

I still believe in this stock, he says. I'm staying with it.

Guy Adami

On January 20th the Negotiator hoped a digital trade would light up his screen with green. “Look at Western Digital,” he said. I would be a buyer, they are cheap.”

As it turns out, a long position in this tech name triggered a big red danger signal. Since the call shares have tumbled. What does Adami have to say about this stock, now?

I was wrong with my timing, but I would get long at these levels, he says.

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Trader disclosure: On February 12, 2010, 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), (BTU), (NUE); Kaminsky Owns (LULU); Finerman's Firm Is Short (IJR), (MDY), (SPY), (MDY), (USO), (UNG); Finerman Owns (AAPL); Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (GOOG); Finerman's Firm Owns (MSFT); Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (STJ); Finerman's Firm Owns (BSX); Terranova Owns (JPM), (RIMM), (IBM), (QCOM), (PALM), (GOOG), (EMC), (AAPL), (DELL), (MSFT); Terranova Is Long Oil Futures (Dec. 2010 Contracts, Dec. 2011 Contracts)

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 (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Charles Kantor
Neuberger Berman Owns More Than 1% Of (EEQ)
Neuberger Berman Owns More Than 1% Of (VRSK)
Kantor's Clients And Kantor Own (V)
Kantor's Clients And Kantor Own (ENB)
Kantor's Clients Own (VRSK)

For Brian Kelly
Kelly Owns (FXE) Puts
Kanundrum Capital Is Short EURUSD
Kanundrum Capital Owns (JPM), (C), (VMW)
Kanundrum Capital Owns (NBG)
Kanundrum Capital Owns (EWA)

For Zachary Karabell
Karabell Owns (FCX)
Karabell Owns (FLR)
Karabell Owns (VALE)
Karabell Owns (CSCO)
Karabell Owns (SINA)
Karabell Owns (EWA)

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (DELL)
Cantor Fitzgerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzgerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzgerald & Co. Is A Market Maker In (RIMM)
Cantor Fitzgerald & Co. Is A Market Maker In (INTC)
Cantor Fitzgerald & Co. Is A Market Maker In (IBM)
Cantor Fitzgerald & Co. Is A Market Maker In (QQQQ)