May 25, 2012 10:30 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 initiates its coverage on Anixter International (NYSE: AXE) with a Buy rating and a price target of $74. Wunderlich Securities comments, "We view Anixter's three businesses as having attractive characteristics involving either strong leadership positions in long-term secular growth markets (enterprise cabling/security) or competitive advantages leading to share gains (within wire/cable and OEM supply). Anixter's current valuation multiple is among the cheapest within our coverage universe; we believe future earnings upside (specifically in 2013), improvement in 2013 and 2014 top-line growth, higher-than-guided operating leverage, and a sound acquisition strategy will translate into a higher multiple for AXE shares."AXE closed at $58.50 on Thursday.
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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