Strategy Session with the Fast Money traders
“I own it here but I’ve sold upside calls against it,” reveals trader Karen Finerman. “I’m worried about the law of larger numbers,” she admits.
In other words, eventually she thinks the company will get so big it will become nearly impossible to move the needle.
But at current levels she remains a buyer. “I like the stock and the valuation I don’t think it’s expensive, yet.”
Fast pro Jon Najarian agrees. And he sees plenty of catalysts to drive growth for some time to come. Among the many catalysts he cites is the new iPad 3. “That’s a March event, and it could provide the market with new wow.”
Trader Tim Seymour agrees. He points to growth in chip makers that supply to Apple. “It tells me there’s a lot more to go here.”
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NEW SLIDESHOW: The Biggest Momentum Stocks of 2011: Buy or Sell?
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Trader disclosure: On Jan 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders Terranova is long V; Terranova is long CSCO; Terranova is long TRLG; Terranova is long JNPR; Terranova is long DECK; Terranova is long NFLX; Terranova is long XOM; Terranova is long SBUX; Terranova is long AXP; Terranova is long EMC; Terranova is long MUB; Terranova is long IBM; Terranova is long UNG April $5 puts; Finerman owns AAPL; Finerman owns BAC; Finerman owns JPM; Finerman owns IBM; Finerman owns MSFT; Najarian is long AAPL; Najarian is long GS; Najarian is long LLTC; Najarian is long KBH; Najarian is long CQB; Najarian is long EMC; Najarian is long CREE; Najarian is long FCX
For Amelia Bordeau
No disclosures
For Jeff Kilburg
No disclosures
For Sean Egan
No disclosures
For Carl Kirst
TRANSCANADA (TRP): BMO Capital Markets or an affiliate received compensation for products or services other than investment banking services within the past 12 months.
This issuer is a client (or was a client) of BMO Nesbitt Burns Inc., BMO Capital Markets Corp., BMO CM Ltd. or an affiliate within the past 12 months: Non-Securities Related Services.
BMO Capital Markets or an affiliate has a financial interest in 1% or more of any class of the equity securities of this issuer.
For Fred Moran
Benchmark makes a market in the securities of Amazon (AMZN)
For Brian Stutland
Stutland Equities holds hedged positions in VIX futures and options.
Stutland is long and short calls in AAPL
Stutland is long and short calls in INTC
Stutland is long and short calls in IBM
Stutland is short TLT puts
CNBC.com with wires.
