May 2, 2012 11:13 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 raises its price target from $2 to $2.10 on Hold-rated Sirius XM Radio (NASDAQ: SIRI) on continuing upside to subs. Wunderlich Securities says, "Even with the revision in Sirius XM (SIRI) net 2012 subscriber guidance to 1.5mm from 1.3mm, possibly still conservative as the used car market develops,it seems that retention efforts across a now 22.3mm installed base viscerate plausible 2012 guidance upside on sales ($3.3bn), EBITDA ($875mm), and FCF ($700mm). Management did admit that subs on retention plans have increased without providing a precise delta, making us comfortable with only a $12.41 2013E estimated ARPU despite the nominal $14.49 January 2012 price. A gamechanger could be SIRI's more aggressive posture on new apps such as thearrangement with Google that allows it to increasingly enter Pandora's natural habitat. This complements higher functionality on Lynx 2.0 radios."SIRI closed at $2.23 on Tuesday.
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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