Macke had advised investors to get into Starbucks(SBUX Quote). Since his call, the stock fell 13%. He said to stay out of the stock until Starbucks listens to him on how to fix the company. Adami had picked Ameriprise Financial(AMP Quote) because he said they have no subprime exposure. He was dead wrong, and the stock fell 11% from his call. He admitted he was wrong.
A Guest From the West
Neil Koehler the CEO of Pacific Ethanol(PEIX Quote) joined the traders to discuss ethanol. Koehler said that right now we're in an energy crisis, and we have a dangerous dependence on foreign oil. Ethanol is lower than the cost of gasoline and provides significant economic benefits, he said. Najarian asked Koehler about liquefied coal. He said we need a whole host of new energy ideas to draw from like liquefied coal. Koehler explained that the government is mandating that we move away from fossil fuels and toward alternative energy sources that are renewable. He said that right now, ethanol is the best choice until a better technology or alternative energy choice comes along.Final Trade
Macke said to sell Activision(ATVI Quote). Najarian's son picked Disney.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














