February 23, 2012 9:54 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.
Sterne Agee remains Buy-rated with a $42 target price on Rent-a-Center (NASDAQ: RCII) as the company's RAC Acceptance with Best Buy may expand significantly. Sterne Agee says, "We believe there are additional signs suggesting the ongoing RAC Acceptance test with Best Buy (BBY- $25.08 -Not Rated) may expand meaningfully in the near term. Our checks show the possibility of 190 RAC Acceptance locations within Best Buy stores in the states of California and Florida. If such a transaction were to occur, we see incremental revenue/EPS potential of $115M and $0.25 for RCII once these stores mature (~4 years). In addition, if the agreement between RCII and BBY expands to more states, the revenue/EPS potential could be higher."RCII closed at $34.90 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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