May 31, 2012 9:28 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.
According to a research report published his morning, Citi has increased Semtech's (NASDAQ: SMTC) PT from $33 to $34.In the report, Citi said, "SMTC ticked up 3% inline with analog group since it reported results 5/24. SMTC guided organic business (excl. Gennum) to grow 10% mid-pt, handily ahead of analog peers' average 6%. Jul-Q strength was primarily driven by healthy rebound in 40G/100G fueled by global comms infrastructure build-out and the momentum is expected to continue throughout the year. Gennum integration remains on track. Management affirmed that its original $8M/$15M cost synergy goal for CY12/CY13 was intact, yielding a 19% accretion to C13E EPS. That said, we raise SMTC's target to $34 from $33 and maintain our Buy rating on its L/T growth prospects."Citi maintains its Buy rating on Semtech, which closed yesterday at $23.98.
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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