September 17, 2012 12:57 PM | 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 maintained its Buy rating and $27 price target on AG Mortgage Investment Trust (NYSE: MITT) on the capital reallocation opportunity from Fed's quantitative easing. Wunderlich Securities noted, "The market reaction to the announcement of the launch of a third round of asset purchases by the FOMC fits well with our thesis that AG Mortgage (MITT) has the opportunity to reallocate capital from agency to non-agency bonds and create incremental value for shareholders over the next four to six quarters. We are finetuning our EPS estimates, noting that the increase in book value gives a cushion to support the anticipated timing and extent of capital reallocation. Maintain Buy and $27 price target."AG Mortgage Investment Trust closed at $23.85 on Friday.
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.