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Web Extra: Burned By Santander

A long position in Santander looked like a hot trade but all it did was burn. So how is Tim Seymour playing this stock now?

The Ambassador made the fateful call on October 28th after he went through the earnings report and liked the company’s fundamentals.

“The things that are strong in a lot of other banks around the world are retail deposits and that to me is what Santander is going to continue to show,” he said.

The fundamentals may be strong yet - but shares have been nothing but weak. They’re down over 10% since Seymour said to get long.

So how does he suggest playing the stock now? Find out in this web extra!





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Trader disclosure: On November 16th, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC); Seymour is short (FCX); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Finerman’s firm owns (WMT); Finerman and Finerman’s firm owns (JCG); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts; Pete Najarian owns (BAC); Pete Najarian owns (SLV) and call spreads; Pete Najarian owns (CNI); Pete Najarian owns (F) Bonds; Pete Najarian owns (FIRE)

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