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Web Extra: Burned by Bank of America

Moving to the sidelines in Bank of America may have looked like a smooth move at the time, but as it turns out, Guy Adami fumbled this play.

The Negotiator made the fateful call on December 1st based on the stock’s lackluster performance.

“Given the tape we had today and given the run down that Bank of America has seen, I didn't think it was all that impressive for BAC. I still think the trend for that stock is probably still lower,” he said at the time.

Unfortunately, no guts no glory. If you stepped to the sidelines in early December as Adami counseled you missed about 17% of upside.

So what does he have to say about this stock now? Find out in this web extra. Watch the video now!


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Trader disclosure: On Jan. 14, 2011, 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); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (FXI); Seymour owns (POT; Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); 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 owns (C); 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 owns (WFC) preferred; Finerman's firm owns (WMT)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (DE)
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Accounts Managed By Kanundrum Capital Are Long The Australian Dollar
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PATTY EDWARDS
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JON NAJARIAN
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TIM SEYMOUR SOT
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