Pete Najarian Missed On UAL Corporation (UAUA)

CNBC Fast Money's Pete Najarian recommended investors to buy UAL Corporation UAUA on June 3rd. Since then the stock dropped approximately 16%. Pete Najarian explained that UAL Corporation (UAUA) traded higher in the middle of the month, but he decided to hold this position. He said that airline stocks should not be held for a long time, because they can't sustain the rally in the current environment. Airline names should be treated as trades and not as investments, added Pete Najarian. UAL Corporation (UAUA) gained 0.27% today, and it closed at $18.64.