Nice calls on GOOG and PCU

Nice call on GOOG, Finerman! This "value girl" will have everyone eating in breadlines if we listen to her any longer..

Also nice call on PCU, Tim Seymour and Pete "Never met an industry I didn't like" Najarian.. this guy likes everything that's "on fire" for one day in the middle of huge bear moves. "Coal/copper/gold mining/big pharma was on fire today!" - does anyone seriously think he can come up with another analysis for the new decade?? I don't.. he has limited vocabulary apparently.. he's one of those "one big winner in ten pays off in options" guys, where you keep losing entire positions, then hit one for 1000% to make up for all the bad calls.. easier to do with options than with stocks.. I'm beginning to lose interest in any of the Najarian brothers calls..

I miss Ratigan and Macke.. they knew we're "being had" and didn't mind saying so - hence they're not wanted at a network owned by a major corporation.. these types only want "grinning yes men" (and women), who tout the corporate stance, regardless of common sense or ethical vagueness..

For my money, Fast Money is no longer about US, it's about whatever disinformation the big capitalists want to feed the investing masses daily in order to keep collecting a paycheck.

Made a good move in some short funds

We've surged to a good gain in the group port lately holding some short funds: FXP (China), EEV (Emrg mkts), SKF (fincl's), QID (Nasdaq).... we've also been short FNM for an 85k gain right there (ouch, but going to zero?) - so we're at 1117k with ony about half invested

Now may be looking to bargain hunt, after taking some profits - GS (Goldman Sachs) looks good around 100, wish I'd gotten some today on the dip to 97 - now have order in to buy at 105.50, hoping for a 5% pullback in the a.m., then we get some...

When we get a surge like the last two days in the port, I always take profit like the FM guys say - when you get a quick 8-20%, take it - at least part of it, like trimming some positions in half, or keeping the positions without the aberrant gains...

the SRS (short real estate) should be another good fincl short to get...

...good luck! .. Jman

Fast Money - Wednesday 6.04

Wednesday, June 04, 2008: Dow off 12 at 12,390 __ Nasdaq +22.7 at 2503 __ SP500 (.5) at 1377

Final trades Tuesday Jeff: DOG, Guy: CELG, Karen: AET, Pete: NSC

Final trades Wednesday Jeff: DIS, Guy: HOT, Karen: MSFT, Pete: MSFT

Good thing I got these MSFT buys out there for ya! No one knows about this stock yet, and it's been rocketing to the moon? (lol)

The guest analyst / t.v. babe liked MEE, BTU, ANR, and CNX in the coal arena, and BTU the best. Pete likes ANR of this batch. (He used to like ACI, when that plunged he changed to a different one; typical, whatever's "hot"; now it's "metallurgic coal", which is MEE and ANR.)

Fast Money - Thursday 5.29

Thursday, May 29, 2008: Dow +52 at 12,727 __ Nasdaq +22 at 2508 __ SP500 +7 at 1398

Final Trades Jeff: JCG (cuz it's getting hammered after hours) Guy: TSO (cuz it's down 50% this year and the CEO is "a stud") Karen: C leaps (and just get C if you can't wait until 2010, good advice!) Pete: CHK (once again: cuz the CEO bought some more stock, even though they just issued something like 2 billion more, allowed to PRINT MONEY by the government without approval, hosing the current shareholders and adding to inflation all at once?. Who made up these rules anyway?

Fast Money - Friday 5.23

Friday, May 23, 2008: Dow off 146 @ 12480 __ Nasdaq (20) at 2445 __ SP500 (18) at 1376

Jeff once again said "happy to own USO". Dennis Gartman is now avoiding oil and consumer stocks, but like alt energy, and would even own airlines for short trade. Guy still likes AMR with a stop at 6.00. All would avoid casinos, cost more to get there now, no excess consumer money for gambling, etc?

AAPL popped 3-4 pts Friday, the traders would "sell on the new iPhone news", which was suspected to come out around June 9th. They noted another "swoon" apparently on in broker stocks. Jeff said "stocks don't bottom on Fridays". Jon Najarian noticed heavy put buying in LEH, would short it.

For summer "beer trades": Guy like SAM (tasty!), Jeff likes TAP (made with Rocky Mtn tap water?), Tim likes overseas brewer ATV.

Pops and Drops Avoid: CHL (more competition), CHK (dilution), FDX, MAS, HAS, airlines (0ff 20% for the wk) Buy dip: HD, JPM, BNK, solar (some would avoid) Sell: MCO

No final trades, just a get well for Pete and Jon's dad after quadruple bypass surgery.