June 7, 2010 9:23 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.
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stocks to trade each day in our 70 page E-Book and 90 minute online video for free.Goldman Sachs analysts James Mitchell, Ingrid Chung, Jordan Monahan and Fred Krom added Amazon.com Inc (Nasdaq: AMZN) to their Conviction Buy List and raised the price target to $190 per share, up from the previous price target of $180.The analysts said that they expect Amazon.com's China-based operations will help the company increase global customer growth rates.They forecast that its Chinese operations will help Amazon.com to beat consensus revenue growth estimates of 22% in 2011 and beyond.The Goldman Sachs analysts wrote, "We acknowledge Amazon is exposed to any consumer weakness in Europe, but believe that it can grow through a downturn and emerge better-positioned versus offline retailers in an upturn, just as it did in the US, where Circuit City’s bankruptcy improved Amazon’s position in electronics. We add Amazon stock to the Conviction Buy List given about 50% upside to our new $190 target price, slight YTD underperformance, and attractive multiples (26X our 2010E EPS) versus growth prospects (we forecast a 25% revenue CAGR over 2010E-2013E). We view Amazon’s China business as an increasingly important contributor to this growth trajectory, and one which we expect to become more visible through 2010."
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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