Lastly, Yamada analyzed the chart of Centex(CTX Quote). She thinks that CTX can rally back to $40 and then investors should sell because ultimately, it's going to $10. (RealMoney Take: Jim Cramer said recently, "There simply isn't a group with more self interest in telling lies about how good things can get in housing than the people on the earnings conference calls for KB Home, Lennar, Standard Pacific, Centex, et al." To read more on what Cramer said, click here.)
Fast Fire
The crew revisits recent trade ideas that didn't get invited to the bull run. On September 19th Finerman recommended buying Brown Shoe(BWS Quote) because the firm had no debt. Since her call, BWS has dropped 7%. Finerman won't give up on BWS. She is long the stock for its cheap valuation and solid balance sheet. Three weeks ago Adami proposed buying Masco(MAS Quote). He thought the bad news was out of the stock. However, Masco has traded down 5% since his call. Adami is more patient and says you can buy it down to $22.50. On September 12th Najarian told traders to buy St. Jude(STJ Quote). The options activity was signaling to him that a takeover was in the cards. Unfortunately since the recommendation, the stock has fallen 4%. Najarian won't budge on STJ.Quicker Then the Ticker
Here are the stock ideas that ran with the bulls.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.91 | 1,096.40 | 2,151.22 | 32.31 |
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DOWN
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