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Web Extra: Burned by Juniper

A long position in Juniper looked like a hot trade but all it did was burn Joe Terranova. So what does he think of this stock now?

The Liquidator made the fateful call on March 30th.

“Juniper Networks is a name that we have talked about extensively throughout the quarter. Today, buying came back into that name,” he said at the time. I think going into April, the potential is there for further upside.

Unfortunately, buying didn’t come back into the name, selling did. Since he recommended a long position shares are down about 5%.

So what does Terranova think of this now? Find out in this web extra. Watch the video now!



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Trader disclosure: On April 5, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman and Finerman's Firm own (AAPL); Finerman and Finerman's Firm own (CVS); Finerman's Firm owns (HPQ); Finerman and Finerman's Firm own (MSFT); Finerman owns (USO); Finerman's firm owns (IWM); Finerman's firm owns (SPY); Finerman's firm owns (MDY; Kinahan Owns (WAG); Kinahan owns (CSCO); Kinahan owns (F), is short (F) calls; Kinahan owns (MOS), is short (MOS) calls; Kinahan owns (ORCL); Kinahan is short (SPY) through options; Kinahan is long (XLB) puts; Kinahan is short (YHOO) puts; Adami owns (AGU); Adami owns (C ); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Terranova owns (C); Terranova owns (VRTS); Terranova owns (JPM); Terranova owns (UPL); Terranova owns (PBR); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Terranova owns (CVI); Terranova owns (CNQ); Terranova is long (NFLX) puts; Terranova is long (POT) puts; Terranova is long (F) puts; Terranova is long (VLO) puts; Terranova is long (CAT) puts

Brian Kelly
Accounts Managed by Kanundrum Capital are long (GLD)
Accounts Managed by Kanundrum Capital are long (MON)
Accounts Managed by Kanundrum Capital are long (SLV)
Accounts Managed by Kanundrum Capital are short (XLF)
Accounts Managed by Kanundrum Capital are long euro
Accounts Managed by Kanundrum Capital are short yen
Accounts Managed by Kanundrum Capital are long gold
Accounts Managed by Kanundrum Capital are long silver
Accounts Managed by Kanundrum Capital are long crude oil
Accounts Managed by Kanundrum Capital are long natural gas
Accounts Managed by Kanundrum Capital are long (EBAY)
Accounts Managed by Kanundrum Capital are long wheat
Accounts Managed by Kanundrum Capital are long (DBA)
Accounts Managed by Kanundrum Capital are short copper
Accounts Managed by Kanundrum Capital are short (XLF)
Accounts Managed by Kanundrum Capital are short (SMH)
Accounts Managed By Kanundrum Capital Own (TSN)

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 (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 (XLF)
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 (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC
Terranova owned (JNPR) on 3/30/11

For Anthony Scaramucci
SkyBridge Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

For Brian Stutland
**No disclosures

For Matt Hougan
**No Disclosures

For Bill O'Donnell
**No Disclosures

For Rich Ilczyszyn
**No Disclosures