May 27, 2010 2:27 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.
Analyst ratings for Microsoft (NASDAQ: MSFT) were upped to “buy” today by FBR Capital Markets, believing that the stock was rated too far toward sell. The price target for MSFT was also raised to $32 from $31 as the computer giant has several strong new products in the pipeline through 2011.Negative investor sentiments, triggered by worries over Europe, led to a 20% decline in Microsoft shares over the past month. The fact that MSFT continues to be left out of the mobile Internet craze has also played a role in the fall of the company’s share price.It seems that Microsoft CEO Steve Ballmer is dissatisfied with the dreary performance shown by the company’s non-core business. This was evidenced when the company axed two of its top consumer product executives in games and mobile.When Apple (NASDAQ: AAPL) exceeded MSFT’s market capitalization yesterday to grab the position of the highest valued tech shop on Wall Street, FBR saw it as the potential low point for the stock.By 1:14 pm, MSFT had surged 3.95% to $25.99.Read more
from Benzinga's Company news.
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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