June 8, 2011 7:56 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.
Jefferies downgraded its rating on SunPower Corporation (NASDAQ: SPWRA) from Buy to Hold. At the same time, Jefferies lowered its price target on the company's stock from $26 to $19. In a research report published today, Jefferies explained its decision by arguing the company's stock will be weak after the takeover by Total is completed.In the report, Jefferies states, "We remain optimistic on the Total synergy longer term, but the current state ofthe industry does not warrant a Buy on SPWR at this time. We are confident the acquisitionwill close soon, and believe the stock will be weak afterwards in light of lowered FY11guidance."On Tuesday, SunPower added 0.53% to its value to close the day at $20.95. Its shares lost all of yesterday's gains in today's pre-market trading, however, sliding 3.77% to $20.16.
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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