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Feb 23

Fast Money Opportunity but Only if You're Nimble

On Thursday, the Fast Money traders are expecting a big move from this stock. Is it on your radar?

Specifically, the pros are watching Vivus

[VVUS  Loading...      ()   ] after the company received a favorable ruling on its weight loss drug Qnexa. Back in 2010, the FDA rejected Qnexa because of safety concerns.

As bullish as that catalyst is – pro trader Guy Adami sees another reason for the stock to surge.

“There’s something like 20% short interest in Vivus,” he explains. “Expect the shorts to get squeezed. As a result the jump in this stock may be larger than anticipated."

And that’s where the trading opportunity comes in – but you have to be nimble. The Fast traders thinks the stock could overshoot to the upside.

“The stock could over pop early and then have a really big pullback,” says Pete Najarian. In other words if there's an extreme move trade accordingly.

Qnexa, which combines the appetite suppressant phentermine and anti-seizure drug topiramate, helped patients lose at least 10 percent of their weight after a year of treatment, the company said.

The FDA has not approved a new obesity drug since 1999.

Current DateTime: 03:19:50 22 Feb 2012
LinksList Documentid: 26256943

Current DateTime: 04:08:16 22 Feb 2012
LinksList Documentid: 26256941

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Trader disclosure: On Feb 22, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian is long AAPL; Najarian is long C; Najarian is long YHOO; Najarian is long HPQ; Najarian is long MOS; Najarian is long SCCO; Najarian is long COP; Najarian is long PFE; Najarian is long MRK; Adami is long C; Adami is long GS; Adami is long INTC; Adami is long MSFT; Adami is long NUE; Adami is long BTU; Adami is long AGU

For Ron Insana
No disclosures

For Mike Khouw
No disclosures

For Doug Kass
Kass is short SPY common and calls
Kass is short QQQ
Kass is short IWM
Kass is short EFA

For Amelia Bourdeau
No disclosures with wires.

© 2012

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Fast Money Opportunity but Only if You're Nimble

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