Pro: What Big Moves Will Yahoo’s Mayer Make?

As Yahoo CEO Marissa Mayer addressed investors in the company's first quarterly earnings call under her leadership, Jacob Internet Fund's Darren Chervitz said Monday that he was looking for a solid plan.

"Tonight, I want to hear a blueprint that sounds reasonable," he said on "Fast Money," adding that he was excited Mayer led off the call and hoped to hear about future maneuvers.

"We think there's a lot of value embedded in Yahoo — 7 million users," he said, adding that he also looked forward to her ideas for technology "that can gain scale and monetize more effectively."

Chervitz said that he wasn't looking to trade Yahoo shares immediately, instead looking for a long-term tell.

"The more pertinent point is: What are the first, big, bold moves she does? You have to figure she makes some acquisitions soon," he said.

Trader disclosure: On Oct. 22, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long M; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long FCX; Jon Najarian is long AAPL; Jon Najarian is long GS; Jon Najarian is long JPM; Jon Najarian is long FB; Jon Najarian is long NFLX; Jon Najarian is long BTU; Jon Najarian is long SLV; Jon Najarian is long GLUU; Jon Najarian is long STII; Jon Najarian is long CME; Jon Najarian is long CBOE; Joe Terranova is long VRTS; Joe Terranova is long SBUX; Joe Terranova is long SWN; Joe Terranova is long TRV; Joe Terranova is long VZ; Joe Terranova is long XOM; Joe Terranova is long CVX; Joe Terranova is long GS; Joe Terranova is long GLW; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long BAC CALLS; Scott Nations is long SPY; Scott Nations is long VIX; Dennis Gartman is short CRUDE OIL.

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