20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he's been behind Universal Display Corporation (NASDAQ:OLED) as far as he can remember and is not backing down. He sees the recent move up as a big short squeeze and would wait for the stock to cool down a little bit before buying.
Cramer doesn't like Cardtronics PLC (NASDAQ:CATM). It has slowing momentum, he said.
Constellation Brands, Inc. (NYSE:STZ) is a buy, because the quarter is going to be great, said Cramer.
Cramer doesn't want to buy Kinder Morgan Inc (NYSE:KMI), because the pipe stocks are very weak.
Transocean LTD (NYSE:RIG) has $3 or $4 of upside, said Cramer. He added that oil needs to be at least $60 before the company is highly profitable.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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