December 10, 2012 8:57 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.
JP Morgan raised its rating on Comtech Telecommunications (NASDAQ: CMTL) from Neutral to Overweight while reiterating its previous $30 price target. JP Morgan noted, "CMTL's quarter was about in-line with our expectations, but the stock took another beating on Friday due to dim prospects for the upcoming Q2 and lower full-year guidance. Fundamentals in the Telecommunications Transmission business are weak, driven primarily by reduced sales of satellite modems to the US government. Management expects EBITDA to drop to an implied ~$9-10 mn in Q2 due to this weakness and expects it to pick up to roughly twice that quarterly level in 2H. While we do not have much visibility on the bounce in orders required to drive this recovery and we could envision another shortfall, we see the risk/reward in the stock as quite favorable."Comtech Telecommunications closed at $24.13 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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