August 31, 2012 11:04 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.
In a report published Friday, Wunderlich Securities reiterated its Hold rating on Landstar (NASDAQ: LSTR), but lowered its price target from $56.00 to $54.00.Wunderlich noted, “We reiterate our Hold rating on Landstar (LSTR) and are lowering our price target from $56 to $54. We are also lowering our FY12 & FY13 EPS estimates from $2.78 and $3.10 to $2.73 and $3.00, respectively, following LSTR's mid-quarter update yesterday. On the call, Landstar lowered its 3Q12 EPS guidance range from $0.71-$0.75 to $0.66-$0.71 having completed 8 of the 13 weeks in 3Q12. Management cited choppy truck volumes, flattening rates yr/yr, and lower than expected revenues in its air and ocean segment. The company now anticipates revenue to increase in the mid-single digit range yr/yr (assuming trends persist in September) or down from its previous guidance of 7%-10% growth.”Landstar System closed on Thursday at $47.69.
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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