CNBC's Fast Money panel on November 9, 2007: (from the left) Guy Adami, Dylan Ratigan, Karen Finerman, and Pete Najarian.
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Your earnings will accumulate in your account. As far as CNBC goes... Syndication Judge brought back Nancy Davis to talk about volatility; in a rare production bungle at Englewood Cliffs, the cameraman had a dilly of a time getting Davis on screen without the camera floating around. We practically got seasick swimming through this imagery; apparently Davis was talking about playing volatility with options on the yield curve.
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“I don’t know one person who hasn’t done something shady to get what they want,” Cisco says, arguing for selling the drugs and using the cash to enter skateboarding competitions. The drugs, unfortunately, belong to Momma (Linda Emond), a kingpin who — in a diabolical cover — runs a farm stand at the city’s West Side Market. Ms. Emond is a Broadway actress, and it’s a measure of her commitment that she almost sells this ludicrous character, who at one point hides a gun under a stylish sun hat.
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Pete Najarian said MRO was up on great numbers, pointing to buying in May 20 calls. Judge floated the possibility of Mark Zuckerberg and Sheryl Sandberg being summoned to D.C.; "Next time, they may be there." (Sure. The public wants likable congresspeople changing how they use their free Facebook product.)
The "Fast Money" gang gives you the news, as only the savviest traders can, with an angle that you won’t see until tomorrow’s papers.
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Later, for the 3rd time in 2 days, Jon Najarian reiterated that "I'm still trading Facebook." He said he "sold a ton of calls" against his stock, and "I will buy back those calls if we trade down."
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I have come to the conclusion it is a racket. I don’t expect you to have any kind advice to this ongoing diatribe; I’m just so darn frustrated that I fell for it all. I had the modest hope of maybe $75 – $100 monthly; I’ll take peace of mind instead.
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