September 12, 2012 10:38 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 Wednesday, J.P. Morgan & Co. reiterated its Overweight rating on Staples (NASDAQ: SPLS), and raised its price target from $14.00 to $17.00.J.P. Morgan noted, “Following its recent disappointing earnings report (including lowered guidance) and competitors' commentary at an industry conference we are updating our price target and estimates for SPLS. Our 2012 EPS estimate is lowered to $1.37 from $1.48 (including the $0.03 miss to 2Q) and 2013 is reduced to $1.40 from $1.60. These compare to consensus of $1.37 and $1.43, respectively. FY12 guidance is now for EPS up LSD (or ~$1.38-$1.41 from $1.46-$1.49). We are establishing our price target for Dec 2013 (from 2012) and simultaneously lowering it to $14 (from $17).”Staples closed on Tuesday at $11.37.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.