January 26, 2012 11:16 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.
Goldman Sachs reiterates its Buy rating on Allegheny Technologies (NYSE: ATI) and raises its price target up $4 to $59 a share as higher multiples offset lower estimates. Goldman Sachs notes, "We are lowering our 2012/2013 estimates for ATI to $2.85/$4.50 from $3.20/$5.00, partly due to higher pension costs and partly for lower margin estimates for stainless business. Our new 2012 quarterly estimates are $0.44/$0.81/$0.82/$0.79, revised from $0.64/$0.94/$0.92/$0.70. Our 2012 estimate incorporates an 11% increase in revenue (vs. company guidance of at least 10%) and operating margin of 14.7% (vs. guidance of 13%-14%) as we believe that the company is very conservative in its guidance."ATI closed at $50.03 a share on Wednesday.
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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