Fast Money's Bear Buy List
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Created by barrons2
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Date updated:03-11-2008

Some traders are using the current sell-off to selectively buy where others fear to tread. It’s scary, but sometimes you’ve got to go out on a limb, because that’s where you’ll find the sweetest fruit, says Jon Najarian.

symbol name last price % change open
  • +
  • S
    Sprint Nxtel Cp
  • $3.57
  • -5.05%
  • $3.35

Najarian likes this stock on speculation on that Carlos Slim and/or Deutsche Telecom might be interested in a deal. There’s also chatter that Sprint has hired Morgan Stanley to explore options.

People owning S also tend to own: ACEBACCCATCGCOPCVX

TheStreet.com Rating: D What is this?

  • +
  • AMLN
    Amylin Pharma Inc
  • $12.30
  • -10.09%
  • $13.03

There’s speculation that Eli Lilly is interested in buying AMLN, explains Najarian. Keep an eye on this stock next week because Amylin is scheduled to present at a biopharmaceuticals conference Tuesday.

People owning AMLN also tend to own: ADTNALGNBEASCCMPCKFRCRLGLW

TheStreet.com Rating: D What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $60.50
  • -0.08%
  • $56.06

Najarian likes the world's leading oil services company on recent options action. Specifically he’s seeing investors buying April 90 calls on nearly double open interest which suggests to him the stock could move higher.

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: A- What is this?

  • +
  • FNM
    Fannie Mae
  • $1.08
  • +6.93%
  • $0.82

Or you can check out Fannie Mae (FNM) adds Karen Finerman. I can’t believe this stock will ever go to zero because it has implicit backing from the government.

People owning FNM also tend to own: ABPIADPTDCREBAYEDCIFMDHTE

TheStreet.com Rating: C What is this?

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