'Fast Money' Recap: RIM in Motion

Dylan Ratigan began by mentioning that Nike (NKE Quote - Cramer on NKE - Stock Picks) and Research in Motion (RIMM Quote - Cramer on RIMM - Stock Picks) traded down after reporting disappointing earnings.

Pete Najarian owns shares of RIMM. He said that with the price trading down after hours, there's a "great opportunity to add." He cited 2.3 million new net subscribers without any new releases as a major positive. He also said "delays may be on the way" but remains bullish and recommends that if you missed the chance to buy the stock before, now is your chance. He ended by saying, "I'll be adding to my position tomorrow."

Guy Adami started by talking about Nike. He said "the Street didn't like it" because of several factors. Investors were concerned, Adami said, that "margins were light." He sees that there has been a lack of support in the technicals, and he said he believes the stock can pull back to a range of $61-$62.

Karen Finerman says the company was affected by higher costs from the likes of higher oil and rubber prices.

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Ratigan started a new conversation regarding the Fed and oil. He mentioned that Ben Bernanke stated today that he feels oil will come down in the near future, and that that should alleviate inflation.

Joe Terranova said, "Ben Bernanke is going to be the biggest speculator for 2008, stating how he believes oil is down."

Finerman believes that what Bernanke is doing is giving speeches where it's "like raising rates without raising rates." In other words, Bernanke is giving hawkish remarks to create a move that is similar to raising rates, without actually having to raise rates.

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