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) -- The markets ended mixed Monday after giving up earlier gains in the day.


Dow Jones Industrial Average

gained 9.37, or 0.08%, to 11,201.97. The

S&P 500

declined 0.74, or 0.06%, to 1,198.47. The


dropped 4.39, or 0.17%, to 2,513.82.


reporter Kate Kelly said on the network's "Fast Money" TV, that investors were responding positively to the GM IPO even though the pricing on the offering was raised to $32 to $33 and the yield lowered.

She said the higher price made sense because of the strong demand for the IPO (it is six times oversubscribed) and the rally in Ford and auto parts companies. She said the timing of the IPO was great and credibility of the global auto story.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

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Terranova said GM's road show had been a phenomenal success. Gary Kaminsky said he expects the stock to pop $4 to $5 on the first day of trading. Kaminsky also believe hedge funds will flip the stock and short it the same day.

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As for the general market, Adami was surprised there was more bullish action considering the strong retail sales figures, the


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( BUCY) deal and mutual fund Monday. "It not that encouraging going forward."

Terranova said the end of the year will be a time for a consolidation of gains and a challenge for investors.

Lee brought in Greg Hess, a college dean at Claremont McKenna, to explain the contents of an open letter he wrote to


Chairman Ben Bernanke on QE2. Hess said the purpose of the letter was to embolden dissenters by providing a strenuous argument to curtail the Fed's latest quantitative easing program.

He said the U.S. cannot paper problems that are holding back the economy. He said the Fed's move will creatre uncertainty while providing no strategic growth plan. He said it was a risky approach that will hold back companies from expanding and deter banks from making loans.

In the "Watching the Whales" segment, Lee noted that George Sorus was cutting his stakes in


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ADC Telecommunications


while adding to





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American Axle

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Adami couldn't understand the move in troubled Interoil, while Kelly said the move in American Axle was interesting in view of GM's upcoming IPO.

Lee also focused on

Paulson & Co.'s latest filing

in which it is said it is keeping his stake in gold but eliminating his entire position in

Exxon Mobil

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and substantially cutting back his position in financials, including names such as

Bank of America

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Goldman Sachs

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JPMorgan Chase

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Shifting to tech, Dan Niles, co-CIO of Alpha Capital Partners, noted that


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released its much criticized earnings a month later than other major tech companies. He said

Juniper Networks

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, which reported a month earlier, also missed its quarter as well but guided aggressively for the next quarter.

He said money managers are going to be selective in their tech purchases by buying names and themes they like. He said his firm has pared its exposure in communications while picking up


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Carter Worth, a chartist with Oppenheimer, said he is looking for



to play a little catch-up with the Nasdaq 100 to make a 15% move to $30.

In the final trades, Worth liked

Arch Coal

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. Seymour said to stay short

Rio Tinto

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. Adami liked


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. Kelly liked

Financial Select Sector SPDR

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to rise. And Terranova said he was taking some shares off of


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as a result of the Bucyrus deal.

--Written by David Tong in San Francisco.

To contact the writer of this article, click here:

David Tong


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To watch replays of Cramer's video segments, visit the Mad Money page on CNBC


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