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Web Extra: Burned by Hewlett-Packard

A long position in Hewlett-Packard looked like a hot trade but all it did was burn Stephen Weiss. So what does he think of the stock now?

Weiss made the fateful call on February 15th as a bet that earnings released by rival Dell could be extrapolated to mean positive things for H-P.

”There are overlapping businesses,” Weiss argued at the time. “And Hewlett seems to have more momentum. Also, they have more mobility products.”

In all fairness, Weiss did sound a cautionary note about the management team.

”I don't own it because I have questions about the transition, but it's definitely a cheap stock and seems to be working out.”

The caveat aside, Weiss was largely bullish on a stock that’s down about 14% since he made the call.

So what does he have to say now. Find out in this web extra!







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Trader disclosure: On March 9, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Weiss Owns (SHAW); Steve Weiss Owns (FWLT); Steve Weiss Owns (MSFT); Steve Weiss Owns (MEE); Steve Weiss Owns (CSCO); Steve Weiss Owns (QCOM); Steve Weiss Is Short (ANF); Guy Adami Owns (AGU); Guy Adami Owns (C); Guy Adami Owns (GS); Guy Adami Owns (INTC); Guy Adami Owns (MSFT); Guy Adami Owns (NUE); Guy Adami Owns (BTU); Joe Terranova Owns (VRTS); Joe Terranova Owns (C); Joe Terranova Owns (GS); Joe Terranova Owns (PNC); Joe Terranova Owns (USB); Joe Terranova Owns (JPM); Joe Terranova Owns (UPL); Joe Terranova Owns (ABT); Joe Terranova Owns (CVI); Joe Terranova Owns (RSX); Joe Terranova Owns (CNQ); Joe Terranova Owns (MS); Joe Terranova Owns (PBR); Joe Terranova Owns (BAX); Joe Terranova Owns (TEVA); Joe Terranova Owns (BTU); Joe Terranova Owns (CNX); Joe Terranova Owns (SU); Pete Najarian Owns (AAPL); Pete Najarian Owns (GE); Pete Najarian Owns (NTAP); Pete Najarian Owns (GE); Pete Najarian Owns (TCK)

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