June 20, 2012 9:40 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.
Goldman Sachs downgrades Western Refining (NYSE: WNR) from a Buy to a Neutral rating and remains at a $25 price target.Goldman Sachs notes, “Following strong absolute and relative (versus refining peers and XLE) share price performance, we downgrade Western shares to Neutral from Buy. While we still show a solid 22% upside to our $25 target price for Western, this is now less than the 29% average upside we show for the refining sector. Since being added to the Buy List on August 10, 2011, Western shares are +44.9% versus +4.3% for the XLE and +21.2% for the S&P 500. Over the last 12 months, Western shares are +40.1% versus +6.8% for the S&P500.”WNR closed at $21.19 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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