NEW YORK ( TheStreet) -- The broader markets started the week lower.On CNBC's "Fast Money" TV show, Steve Grasso said the headlines surrounding LinkedIn ( LNKD) allegedly hacking its users' email accounts is a negative, and the momentum could be waning. Guy Adami slightly disagreed, saying LinkedIn is the best option for investors who want to be in social media. He added that he's cautious on the market and thinks the S&P 500 will pull back to 1,670. He also said Celgene ( CELG) has run into resistance at $150 and he would look to buy on a pullback to the $135 level. J.C. Parets said he would be looking to fade the biotech sector, which is at the upper range of its trend and has already doubled in the past 20 months. BlackBerry ( BBRY) announced that it had an interested buyer for the company at $9 per share and TheStreet's Herb Greenberg was a guest on the show. While the maneuver could have been intended to drive more interested buyers out of the woodwork, he asked, "What buyer wants to step up?" He added that if someone actually wanted to buy BlackBerry, they would have done it by now. Karen Finerman added this is only a letter of intent, with no financing or anything definitive. She added that $9 is likely the ceiling, not the floor and that this news was probably released to stabilize the stock. Grasso said he is still long, looking for a bigger headline to sell on. He added that Monday's low would be his stop-loss point. Chrysler announced that it would be filing for an initial public offering. Finerman said she doesn't expect it to affect General Motors ( GM). Grasso argued that investors who have made money in Ford ( F) and General Motors might take some money off the table and risk a little bit on Chrysler. Adami said he continues to like the autos, but by being long BorgWarner ( BWA) and Delphi Automotive ( DLPH). Red Hat ( RHT) beat on the bottom line, but provided lower-than-expected guidance. Adami said the stock can go all the way down to the low- to mid-$40's and that he would not be a buyer on Tuesday.
Apple ( AAPL) was the featured stock on the show's "Street Fight" segment after blowing away analysts' estimates by selling nine million iPhones in the opening weekend. Adami defended the stock, saying that although it did break the $465 level on the downside, it didn't get much worse. He added that this weekend's numbers were strong, a deal with China Mobile ( CHL) is still on the table and margins look to be stabilizing and possibly improving. He concluded that the stock could go to $525. Finerman said she sold her position last week, due to the frustration of owning the stock. She argued that there is still pressure on smartphone prices and the company still hasn't introduced a new product. She added the market has yet to give Apple a premium valuation. Dennis Gartman, publisher of The Gartman Letter, was a guest on the show and said he continues to dislike the yen, calling it a "doomed currency." However, he continues to like the Nikkei, copper, steel, shippers and railroads. He concluded that the global economy will likely be better in a year or two. Parets said traders could short Netflix ( NFLX) and use Monday's high as the stop-loss point. Avi Reichental, president and CEO of 3D Systems ( DDD), was a guest on the show and said prices for 3-D printing should come down as time goes on. He added that margins should continue to expand as sales heat up, with margins for printing materials in the low- to mid-70% range and with printers in the low-40% range. Parets said that as long as 3D Systems can stay above $49.50, traders can still stay long. Below that, he's not interested. Don Hodges, president and CEO of Hodges Capital Management, was a guest on the show and said he still likes the airlines. He added that the industry should continue to gain steam as airlines have figured out the pricing model for consumers. He said Delta Air Lines ( DAL) and United Continental Holdings ( UAL) were the best names to own. Adami still doesn't like Oracle ( ORCL), but said aggressive traders could look to short the name with a stop at $34.50. For their final trades, Adami was buying Wal-Mart ( WMT) and Parets was a buyer of Treasury bonds. Finerman said investors should exit any long positions in BlackBerry and Grasso continues to be a buyer of Las Vegas Sands ( LVS). -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell Follow TheStreet.com on Twitter and become a fan on Facebook.