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Web Extra: Burned By Sohu

A long position in China based Sohu.com looked like a hot trade but all it did was burn Tim Seymour. What does he think of this stock now?

The Ambassador made the fateful call on October 25th as a bet that valuations were reasonable when compared to other Internet companies such as Google and Baidu.

“It is not expensive when you look at where a lot of these guys have traded,” he said. “There's still some value in this stock I would stay in it.”

Although this site may be popular with web surfers, when it comes to investors the same can’t be said.

Since Seymour said to get long shares are down about 10%. So what does he think of this stock now?

Find out in this web extra. Watch the video now!



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Trader disclosure: On December 17, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns (MEE) call spreads; Jon Najarian owns (M) calls; Jon Najarian owns (AKS) call spreads; Jon Najarian owns (JOE) call spreads; Jon Najarian owns (C); Jon Najarian owns (CSCO); Jon Najarian owns (F), is short (F) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (GLD) put spreads; Jon Najarian owns (NKE), is short (NKE) calls; Jon Najarian owns (ORCL), is short (ORCL) calls; Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTY); Adami's wife works at (MRK); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (ARO); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman owns (GOOG); Finerman's firm owns (JPM) and (JPM) leaps;’ Finerman owns (JPM); Finerman owns (MSFT); Finerman's firm owns (MSFT); Terranova owns (CRM), (VRTS), (C), (UPL), (PEP), (GS), (OXY), (NKE); Terranova owns (GLD) puts; Seymour owns (AAPL), (BAC), (F), (GE)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (ALK)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EPR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (MGRC)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (GDXJ) straddles
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (IPI)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (TBT) calls
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Own (WMR)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (BBT)
Accounts Managed By Kanundrum Capital Own (JEF)
Accounts Managed By Kanundrum Capital Are Short The Euro
Accounts Managed By Kanundrum Capital Are Short The Yen

For Anthony Scaramucci
Scaramucci and Skybridge Capital own (COH)
Scaramucci and Skybridge Capital own (NG)
Scaramucci and Skybridge Capital own (PFE)
Scaramucci and Skybridge Capital own (MO)

For David Bank
RBC Capital Markets Provides And In Past 12 Mos. Provided (TWX), (DIS) With Non-Investment Banking Securities-Related Services

For Brian Stutland
*
No disclosures

MOSHE ORENBUCH SOT
Credit Suisse Securities Is A Market Maker In (MA), (V)
(MA) Is Or In Past 12 Mos. Was An Investment Banking Client Of Credit Suisse
Credit Suisse Expects To Receive/Seek Inv. Bank. Comp. From (MA), (V) In Next 3 Mos.
Credit Suisse Owns 1% Or More Of (V)