November 5, 2012 12:03 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 downgraded SandRidge Mississippian Trust II (NYSE: SDR) from Buy to Hold and lowered its price target from $24 to $22. Wunderlich Securities commented, "Although the current yield remains attractive, as a term trust, the units hold less value as time passes because of the reduced distribution stream. We use a discounted cash flow model with a discount rate of 5% to value the units. Using this model, we derive a value of $22/unit for the units. We also believe the sponsor could sell some of its holding to fund its capital expenditure program, which adds risk to the trust's value and limits potential capital appreciation."SandRidge Mississippian Trust II closed at $20.16 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.
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