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Burned by Pfizer & Coach

A long position in Coach and short position in Pfizer looked like a smooth move to Jon Najarian but as it turned out he fumbled this play.

The Monster made these fateful calls on December 17th.

“I love Coach,” he said at the time. “I buy Coach. I love the long trade in Coach."

And as for the Pharma giant, he added, "Everyone on the desk knows how I feel about Pfizer. I think it's a place where money goes to die. If people are hiding out in there for the dividend, I understand, but I don't buy Pfizer at all ever.

As it turned out, if you followed Najarian’s advice your portfolio got sacked.

Shares of Coach are down 7% since he said to go long and shares of Pfizer are up about 8% since he said to move to the sidelines.

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



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Trader disclosure: On Jan. 28, 2011, 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 (BA); Seymour owns (F); Seymour owns (FXI); Seymour owns (GE); 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)l Terranova Owns (VRTS); Terranova Owns (C); Terranova Owns (UPL); Terranova Owns (GM); Terranova Owns (PEP); Terranova Owns (TLT); Terranova Owns (MS); Terranova Owns (POT); Terranova Owns (LTD); Terranova Owns (SU); Terranova Owns (CVI); Terranova Owns (CVE); Terranova Owns (CPX); Terranova Owns (CNQ); Jon Najarian owns (MEE), is short (MEE) calls; Jon Najarian owns (ACI), is short (ACI) calls; Jon Najarian owns (ANR), is short (ANR) calls; Jon Najarian owns (SVVS), is short (SVVS) calls; Jon Najarian owns (EQIX), is short (EQIX) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (WMT), is short (WMT) calls

JON NAJARIAN FAST FIRE 12/17/10
Jon Najarian had no disclosures for (COH) or (PFE) on 12/17/10

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)
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BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (IAU)
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Accounts Managed By Kanundrum Capital Own (MON)
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Accounts Managed By Kanundrum Capital Own (VXX)
Accounts Managed By Kanundrum Capital Own VIX calls
Accounts Managed By Kanundrum Capital Own (YGE)
Accounts Managed By Kanundrum Capital Own (GMCR) puts
Accounts Managed By Kanundrum Capital Are Short Australian Dollar

For Dennis Gartman SOT 1/28/2011
Funds Managed by Dennis Gartman Were Long Gold during 1/28/11 FMHR

For Doug Kass
Kass has no disclosures on Gold or (NFLX)

For John Stephenson
First Asset Investment Management Owns (AGU), (POT), (CF), Soybean Futures, Corn Futures
Stephenson Owns (AGU), (POT), (CF), Soybean Futures, Corn Futures

For Gordon Johnson
Johnson has no disclosures

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