
'Fast Money' Pops & Drops: Fade or Follow?
Ratigan started a special edition of the "Pops & Drops" segment by asking the traders if they would "fade" or "follow" the rally in the stocks mentioned during the show.
Pops
Wal-Mart
(WMT) - Get Report
popped 11%. Macke said follow so he can sell to you, because WMT is probably not going to $70 per share.
General Motors
(GM) - Get Report
rose 14%. Seymour told viewers to fade and then fade it again.
Wells Fargo
(WFC) - Get Report
jumped 11%. Finerman said to fade WFC because the company said it will do a big equity offering once it closes the deal with
Wachovia
(WB) - Get Report
.
U.S. Steel
(X) - Get Report
soared 14%. Adami says "follow this one it goes higher from here."
General Electric
(GE) - Get Report
moved up 10%.
iShares MSCI Emerging Markets ETF
(EEM) - Get Report
soared 20%. Seymour told viewers to fade it in the short term.
Coach
(COH)
traded up 20%. Finerman says "fade Coach, but not a 'giant fade,' because the stock is still cheap."
This article was written by a staff member of TheStreet.com.