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.
- Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) reported second-quarter FY21 revenue growth of 206.4% year-on-year to $8 million.
- Blue Hat is a communication services and Internet Data Center (IDC) business provider and developer and operator of mobile games and augmented reality (AR) education curricula and products in China.
- Higher contributions from the mobile games and communication services businesses and the acquisitions of Xunpusen and Fuzhou Csfctech Co., Ltd. And its two subsidiaries drove the growth.
- The gross margin contracted 1,680 bps to 58.9% due to higher initial costs of establishing the new businesses and integrating acquisitions.
- Income from operations increased 159% Y/Y to $1.9 million. EPS was $0.003 versus $0.014 last year.
- Blue Hat held $11.5 million in cash and equivalents.
- Price Action: BHAT shares traded lower by 2.64% at $0.5647 on the last check Monday.
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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