Oil on Trial - Fast Money Recap (5/21/08) - SA Editor Miriam

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Oil on Trial - Fast Money Recap (5/21/08)
May 22, 2008 09:53 AM UTC

SA Editor Miriam

Return	Risk
-20.35%	MID

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Symbol	Sentiment	Start	Return	Closed
AMR		05/22/08	-8.44%	05/23/08
USO		05/22/08	-0.50%	05/23/08
OIH		05/22/08	-46.14%	--
DIS		05/22/08	-8.02%	--

Via Short Stock Ideas from Seeking Alpha:

Recap of CNBC's Fast Money, Wednesday May 21.

Oil Well Above $133
Jeff Macke said Wednesday was discouraging with less than hopeful news from the Fed and oil prices running amok on speculation rather than supply and demand. Guy Adami doesn’t think the correction is such a bad thing and would add to tech. Karen Finerman said she boosted her Citi position during the selloff. She said she will wait for a dip in retail before buying.

Airline Stocks Grounded: AMR (AMR)
AMR dropped 24% on rising oil, and Guy Adami says airlines are so hated that they are bound to bounce at some point. Jeff Macke agreed when the oil bubble pops, airlines will fly, but he wouldn’t be long airlines now. Pete Najarian is bullish on AMR, which he thinks made some good, tough decisions.

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