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.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Paramount Global (NASDAQ:PARA) is "too cheap to believe," and added, "I don’t know where it bottoms, but it sure "isn’t close to the top."
When asked about Citigroup Inc (NYSE:C), he said, "The book value is so different from where the common stock is, the price. Something is very wrong there."
Cramer said he doesn’t like earnings of Hasbro Inc (NASDAQ:HAS). "I think that Mattel, Inc. (NASDAQ:MAT) is actually cheaper," he added.
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The "Mad Money" host said AGNC Investment Corp. (NASDAQ:AGNC) is "one of those real estate investment trusts that I do not like."
Price Action: Shares of Paramount Group fell 0.8% to $18.01, while Citigroup dropped 0.7% to close at $44.67 on Wednesday. Hasbro and Mattel shares dropped 0.9% and 2.1%, respectively on Wednesday. Shares of AGNC Investment gained 1.4% to settle at $9.83 in the previous session.
Also check out this Options Trader Betting That Paramount Global Will Go Down By This Much By December End
Photo via Shutterstock.
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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