Don't Trust Sears

Shares of Sears (NASDAQ: SHLD) soared more than 11% on Thursday after the company said its December same-store sales rose by 0.4% compared to the previous year. Sears also gave fourth quarter guidance that was ahead of Street estimates.

But, Fast Money Trader Joe Terranova says not to get suckered into a long position. He believes the move higher was due to a short squeeze. He also believes shares of Sears are not worth anymore than $75 or $80 a share.

However, Fast Money traders Gary Kaminsky and Karen Finerman disagree with Terranova. They believe if you're going to make a fundamental short you have to make certain something cannot hurt you, and in this case having Eddie Lampert in charge can hurt you.