December 5, 2012 10:44 AM | 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.
In a report published Wednesday, Dahlman Rose & Co. reiterated its Buy rating and $45.00 price target on Freeport-McMoRan Copper & Gold (NYSE: FCX).Dahlman Rose noted, “Freeport-McMoRan Copper & Gold Inc (FCX, Buy, $45 PT) has announced that it will be acquiring both Plains Exploration & Production Company (PXP, Buy, $50 PT) and McMoRan Exploration Co. (MMR, Buy, $15 PT) in transactions totaling $20 Bn. We estimate that the combined company would have EBITDA of roughly $13.2 Bn, consisting of $9.7 Bn from FCX (assuming a 2013 copper price of $3.75/lb); $3.4 Bn, from PXP; and $143 MM, from MMR – based on our pre-deal individual company estimates.”Freeport-McMoRan Copper & Gold closed on Tuesday at $38.28.
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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