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Web Extra: Burned by Silver Wheaton

A long position in Silver Wheaton looked like a hot trade but all it did was burn Guy Adami. So what does he think of the stock now?

The Negotiator made the fateful call on April 5th as a bet that silver would still attract investor interest, even if gold did not.

”I still believe this has a lot of room. Gold could go nowhere and silver could continue to go higher. Silver Wheaton is one I would rather be in.”

In the interest of full disclosure, Adami did warn that the precious metals space can be very volatile and this is a prime example. Since he suggested a long postion, shares of Silver Wheaton are down over 20%.

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

This content is only available online - you won't find these trades on TV.





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Trader disclosure: On May 4, 2011, the 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); 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; Karabell owns (AAPL); Karabell owns (EMC); Karabell owns (GS); Karabell owns (IBM); Karabell owns (GOOG); Karabell owns (GE); Karabell owns (POT)

For Brian Kelly
Accounts Managed by Brian Kelly Capital own (EBAY)
Accounts Managed by Brian Kelly Capital own (GLD)
Accounts Managed by Brian Kelly Capital own (SLV)
Accounts Managed by Brian Kelly Capital own (DIA)
Accounts Managed by Brian Kelly Capital are long gold, natural gas

For Zachary Karabell
River Twice Capital owns (EMC), (GS), (IBM), (JCI), (SBUX), (POT), (QCOM)
River Twice Capital is short (AA) calls in fund
River Twice Capital is short (XLF), (SPY), (SMH)

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)
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 (NRCI)
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 (SUBK)
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 &
URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Peter Shiff
Schiff Owns Gold
Schiff Owns Silver

For Colin Langan
(GM) Is Or In Past 12 Months Has Been An Investment Banking Client Of UBS Securities LLC
(GM) Is Or In Past 12 Months Has Been A Non-Investment Banking Client Of UBS Securities LLC (Securities-Related Services, Non-Securities Services)
UBS Securities LLC Has Received Compensation From (GM) In Past 12 Months

For John Stephenson
**No Disclosures

For Whitney Tilson
Funds Managed by Whitney Tilson are Short St. Joe (JOE)
Funds Managed by Whitney Tilson own Berkshire Hathaway Shares
Funds Managed by Whitney Tilson are long Howard Hughes Corporation (HHC)



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