'Fast Money' Portfolios of the Week

08/28/08 - 11:27 AM EDT

James Altucher

Updated from 8 a.m. EDT

The traders of CNBC's "Fast Money" know how to read the tape to anticipate the next major move in the stock market. Whether it's interpreting options activity, volume patterns or fundamental trends, the gang is skilled at dissecting the important data when forming a valuable investing opinion.

The traders know that stocks never lie but that people can. The tape and action in the markets is the only truth investors need to follow. Don't get left in the dark. Follow the crew and make some fast money on Wall Street.

The gang recently highlighted trading ideas that play off small-cap stocks, such as MGIC(MTG Quote - Cramer on MTG - Stock Picks); oil service stocks, including Halliburton(HAL Quote - Cramer on HAL - Stock Picks); and financial stocks, such as Annaly Capital(NLY Quote - Cramer on NLY - Stock Picks).

Here are some highlights from over the past week as aggregated from the show.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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