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'Fast Money' Recap: Fading Trends and Strong Trends

Najarian said he likes Orbitz Worldwide, but admitted that TripAdvisor (TRIP) was his favorite in the space.

It was announced that hedge fund manager Carl Icahn has sold the rest of his stake in Hain Celestial Group (HAIN). Finerman said it would be interesting to see if his firm kept its two seats on the board.

GSV Capital (GSVC), which has a roughly 14.4% stake in Twitter, moved sharply higher in the after-hours on the news of the potential IPO.

For their final trades, Scaramucci was a buyer of Facebook, Najarian said to buy Arris Group (ARRS) based on unusual options activity and Nathan said to short General Motors (GM). Khouw said he was a buyer of long-dated calls in Freeport-McMoRan (FCX) and Finerman said if traders are going to stay long, they should buy some puts on the SPDR S&P 500 fund ETF (SPY) as downside protection.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow TheStreet.com on Twitter and become a fan on Facebook.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.
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