CNBC Fast Money Recap 8/21/08 - Fast money Stock Picks August 21st, 2008 - Jeff Mackie, Guy Adami, Joe Terranova on Oil, John Najarian

During the Olympics, Fast Money does a half hour show on CNBC at 1:00pm est.

Fast Money Stock Picks 8/21/08

Jeff Mackie
USO: I wouldn't chase it here

Guy AdamiSLB: Take some money off the table....but I think it still has upside
US Steel X : This is sell the rally mode..you have to sell

Joe TerranovaOil: Speculators sold this market short under $120 and this is a short squeeze.
USO: I'm letting this ride...need to get above $122 for oil and the run continues.
US Steel X: It should be up, but its not...i'm thinking about selling it
FCX: I am playing copper with going long Freeport FCX

John Najarian
USO: I would be taking money off the table
XLY: We are short the XLY...this is shorting the consumer
Joy Global JOYG: We are long this stock
RIMM: Could be setting up to really break out here
Coal Stocks: UBS upgrading a lot of coal names today....MEE, BTU

Find out which companies are drilling the USA Natural Gas Shales: http://oilshalegas.com