October 19, 2012 12:49 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.
FBR Capital Markets reduced its rating on Advanced Micro Devices (NYSE: AMD) from Outperform to Market Perform and reduced its price target from $5 to $3. FBR Capital Markets noted, "We are throwing in the towel on AMD and are downgrading shares to Market Perform. While we know PC sales are suffering from weak macro demand (including China and Europe), a complete absence of any back-to-school goodness, tablet/smartphone cannibalization, and a production/sales "air pocket" before the Win8 launch, we now have less confidence in go-forward cash burn given rapidly declining ASPs and management's new refusal to provide gross margin guidance. Thus, we worry about the magnitude of intended pricing cuts and gross margin impacts as AMD's cash bleed could intensify."Advanced Micro Devices closed at $2.62 on Thursday.
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.