June 2, 2011 8:10 AM | 1 min read
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.
Bank of America Merrill Lynch is out with its report today on Copart (NASDAQ: CPRT), maintaining Buy.In a note to clients, Bank of America Merrill Lynch writes, "In our view, CPRT is very well positioned in the relatively stable salvage vehicle auction market and will continue to expand its presence in the similarly stable whole car business. In addition, CPRT's international buyer base has grown significantly, which has been facilitated by the company's virtual bidding second generation technology, allowing buyers to participate in auctions from anywhere around the globe via an Internet connection. We expect the company's expanding buyer base to be a meaningful driver of future results."Bank of America Merrill Lynch maintains a $50 PO on CPRT.Shares of CPRT closed Wednesday at $46.19, down 1.72% from Tuesday's close.
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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