UPDATE: J.P. Morgan Lowers PT on Abacus Property Group from A$2.29 to A$2.25

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.

J.P. Morgan has published a research report on Abacus Property Group (ASX: ABP) lowering the price target.In the report, J.P. Morgan wrote, "We forecast Underlying Profit of A$77.5m or 20.9¢pu, ~3% above consensus. ABP delivered 2H DPU of 8.25¢ as guided to in February this year. We forecast FY12 EPS to decrease by 12.7% due mainly to the large $15m profit on the sale of 343 George St in 2H11. However, we forecast the current DPU of 16.5¢ pa is maintained over FY12."J.P. Morgan rated Abacus an Underweight with a price target lowered from A$2.29 to A$2.25. Abacus Property Group closed Wednesday at A$1.96.

20-Year Pro Trader Reveals His "MoneyLine"

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