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Web Extra: Burned By Radio Shack

A long position in Radio Shack looked like a hot trade but all it did was burn Joe Terranova. So how does he suggest trading this stock now.

The Liquidator made the fateful call back on September 8th as a bet the stock wasn’t going much lower.

And in the short term he was right.

Until the third week in October the stock climbed steadily as you can see from this chart. But after Halloween, a long position turned into a nightmare. And had you stayed long since Joe said to buy you’d be down about 5%.

So what does he have to say about this trade now?

Watch the video and find out in this web extra. This content is only available online - you won't find these trades on TV.





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Trader disclosure: On January 4th, 2010, 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); Seymour owns (BAC); Seymour owns (F); Seymour owns (FXI); Seymour owns (GE); 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 owns (BAC); Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (WMT); Finerman's firm owns (FCX) puts; Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (SLW) puts; Terranova owns (GLD) puts; Cortes is short Gold; Cortes is short Corn; Cortes is long USD vs. the Yen; Cortes is short (LVS); Cortes is short (BCS); Cortes owns (TSN); Cortes owns (EXC); Cortes is short (XRT) vs. the S&P; Cortes is short (XHB) vs. the S&P

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (BBT)
Accounts Managed By Kanundrum Capital Own (DRYS)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (TM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Are Short The Euro
Accounts Managed By Kanundrum Capital Are Short The Yen

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 (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 (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 (NCRI)
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)

For Chris Whalen
Whalen has no disclosures

For Chris Whalen SOT
Whalen had no disclosures on 1/3/2011

For James West
Funds managed by James West are long gold
Funds managed by James West are long oil
Funds managed by James West are long silver

For Colin Gillis
Gillis has no disclosures on (GOOG), (YHOO), (AAPL)

For Gene Munster
(ROVI) Has In Past 12 Months Been An Investment Banking Client Of Piper Jaffray
Piper Jaffray Is A Market Maker In (ROVI)
(ACOM), (DRIV), (LOGM), (RLOC) Are Or In Past 12 Months Have Been Investment Banking Clients Of Piper Jaffray
Piper Jaffray Expects To Have (DRIV) As Investment Banking Client In Next 3 Months
Piper Jaffray Does Underwriting For: (ACOM), (DRIV), (RLOC)
Piper Jaffray Received Non-Investment Banking Securities-Related Compensation In Past 12 Months For (DRIV)
Piper Jaffray Is A Market Maker In (AAPL), (ACOM), (AMZN), (BIDU), (DRIV), (EBAY), (FMCN), (GOOG), (GSIC), (IACI), (KONG), (LOGM), (MCHX), (MELI), (PRTS), (RLOC), (SINA), (SOHU), (VCLK), (WWWW), (YHOO)

For Scott Nations
Nations has no disclosures

For Josh Brown
* Disclosures Pending

SOTS
Tim Seymour had no disclosure in (BP) on 11/29/2010

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