Web Extra: Burned By Mosaic

A long position in Mosaic looked like a hot trade but all it did was burn Tim Seymour. So what does he have to say about it now?

The Ambassador made the fateful call on March 29^th as a bet the global growth would drive this fertilizer name higher.

”I would own this stock,” he said at the time. “You're not buying an expensive stock. I think the stock can go higher. I love it long- term.”

And he added as a precaution, “Stop yourself out around 72.”

Although Seymour wasn’t stopped out, he certainly didn’t win with this trade. Since he recommended a long position share are down about 7% and are now flirting with that 72-level.

So, what does he have to say about Mosaic, now? Find out in this web extra.

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Trader disclosure: On May 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns (SLV); Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (POT); Seymour owns (SLW); Seymour owns (EPU); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finreman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (SPY), (MDY); Finerman's firm owns s&p puts; Finerman's firm owns Russel 200 puts; Terranova owns (XOM); Terranova owns (BAX); Terranova owns (SLV); Terranova owns (TCK); Terranova owns (APA); Terranova owns (HOC); Terranova owns (OXY); Terranova owns (UPL); Terranova owns (FCX); Terranova owns (BX); Terranova owns (V); Terranova owns (VRTS); Terranova owns (JPM); Terranova is short (NFLX); Terranova is short S&P Futures; Terranova is Chief Market Strategist of Virtus Investment Partners, LTD; Adami owns (AGU); Adami owns (C); Adami owns ( GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (STU)

For Joe Terranova
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)
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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)
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Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC
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For Anthony Scaramucci
Skybridge is a Fund of Funds Manager
Funds held May or May not Own the Recommended Securities

For Mike Khouw
Cantor Fitzgerald is a market maker in (AA)

For Mark Mahaney
**No Disclosures

For David Riedal
**No Disclosures

For Tim Seymour on MOS SOT 3/29/11
**No disclosures

For Alex Hamilton
*No Disclosures

For Mike Khouw
Cantor Fitzgerald is a market maker in (AA)