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Pros: Time to Hide out or Buy Dips?

With stocks ending lower for the week, investors and traders alike might be tempted to run for the hills. But Guy Adami, managing partner of Drakon Capital, doesn't think people should be trying to hide out.

After all, Adami explained, markets go down faster than they go up. Now is a buying opportunity with a stop of 1,220 and 1,230 on the S&P.

Looking further at the technicals, Stuart Frankel's Steve Grasso said 1,192 is the 200-week moving average and 1,195 is the 20-week moving average. Holding true, the market bounced at 1,194 on Friday.

Tim Seymour, founder of EmergingMoney.com, thinks the market could go lower. As a result, he reduced his portfolio overall and recommends staying short the miners.

Grasso is leaning on the sell-side of things, but said the market couldn't be broken this week. It was strong all week and only showed signs of weakness Friday. Even so, it closed at the 1,199 level — showing it "fought right back."

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TRADING COMMODITIES

More than any other sector, the commodities jumped ahead of the Federal Reserve's news it would execute a new round of monetary easing as a means of lifting the US economy. But on Friday, commodities across-the-board sold off.

After both gold and silver continued to hit new highs, the Chicago Mercantile Exchange on Tuesday increased the margin requirements for silver futures. Those trading silver on margin now have to pay a minimum of $6,500 per contract traded, a $1,500 per lot increase that makes it more difficult to speculate on silver prices.

The new margin requirements are part of the reason the softs sold off, said Adami, but metals used for industrial demand won't be affected. After all, industry will continue buying regardless of the margin. So the increase only exposes the shorts.

Speaking of industrial demand, Seymour likes platinum and palladium because of their use in the global auto industry, which he said is "alive and well as it's ever been." He would short Stillwater Mining and the SPDR S&P Metals & Mining exchange-traded fund, as well.

Both Patty Edwards of Trutina Financial and Karen Finerman of Metropolitan Capital Advisors agreed with Seymour on the strength of the global auto trade.

Adami recommends shorting RioTinto and Freeport-McMoRan . He would short FCX down to $95 a share and if you're not interested in shorting the name, he thinks you should at least be looking to buy it in the $95 range.

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Trader disclosure: On November 12, 2010, the day this video was recorded, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour owns (AAPL), (GOOG) and (INTC). Steve Grasso owns (ASTM) (BA), ,(BAC), (BWC), (C), (CSCO), (JPM), (LPX), (MOT), (NDAQ), (PFE) and (PRST). Guy Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC) and (MSFT). Karen Finerman owns (AAPL) and (HAIN).

STEVE GRASSO
Stuart Frankel & Co and it’s partners own (AAPL)
Stuart Frankel & Co and it’s partners own (CSCO)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners own (S)
Stuart Frankel & Co And Its Partners Own (UNM)
Stuart Frankel & Co and it’s partners are short (QQQQ)
Stuart Frankel & Co and it’s partners are short (MCD)
Stuart Frankel & Co and it’s partners are short (AAPL)

GUY ADAMI
Adami’s wife works at Merck

KAREN FINERMAN
Finerman’s firm owns (ANF)
Finerman’s firm owns (GOOG)
Finerman’s firm owns (TGT)
Finerman’s firm owns (TJX)
Finerman’s firm owns (WMT)

PATTY EDWARDS
PENDING

PETER BOOCKVAR
***NO DISCLOSURES***

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