May 17, 2012 7:39 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.
Children's Place Retail Stores Inc (NASDAQ: PLCE) reported a 19% drop in its fiscal first-quarter earnings.Children's Place expects a loss between $0.65 and $0.70 per share for the current quarter. However, analysts were expecting a loss of $0.50 per share.It lifted the low end of its full-year earnings view to $3.15 to $3.30 per share, versus $3.10 to $3.30 per share.Children's Place posted its quarterly profit at $23.6 million, or $0.96 per share, versus $29.1 million, or $1.10 per share, in the year-ago period. Excluding items, Children's Place earned $1.10 per share. The company in March expected earnings between $1.03 and $1.08 per share.Its same-store sales fell 0.7%. Net sales rose 1.8% to $438.5 million, versus analysts' estimates of $447 million.The company's gross margin declined to 40.3% from 42.6%.Children's Place shares closed at $44.53 yesterday.
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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