'Fast Money' Pops and Drops: Fun Citi
TSC Staff
09/08/08 - 06:39 PM EDT
Pops
Citigroup(GOOG Quote) traded up 6%. Adami says Citigroup can run another day or two.
Walt Disney(DIS Quote) popped 5%. Jeff Macke disclosed that he is long the stock.
Drops
UAL(UAUA Quote) plunged 11% after the South Florida
Sun-Sentinel published a six-year-old article that said the airline was filing for Chapter 11 bankruptcy. Finerman said to stay away.
United States Steel(X Quote) dropped 5%. Najarian explained that traders are worried that they will have to drop steel, because of the drop in scrap metal.
Oracle(ORCL Quote) fell 4%. Adami mentioned that Pacific Crest lowered its earnings estimates on the name. He said the stock is interesting here on a valuation basis.
Google(GOOG Quote) slipped 5% after three different analysts issued negative reports surrounding the search giant. "They have one great killer application and nothing else," Macke said.