October 24, 2011 11:36 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.
Wunderlich Securities downgraded RightNow Technologies (NASDAQ: RNOW) from Buy to Hold in a research report published today.In the report, Wunderlich Securities states, "While we believe that RightNow is a compelling growth story (noting pre-announced 3Q11 results were solid), few other software players would likely be capable of competing at the valuation level offered (roughly 6.4x run-rate revenues), in our view, to leave us preferring investors look for greater upside on other names in the space trading at peerdiscounted valuations rather than at a premium to the group, as RightNow is postbid."Shares of RightNow Technologies were trading at $42.86 at the time of posting, up 19.19% from Friday's market 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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