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.
- SoftBank Group Corp (NYSE:SFTBF) reported FY22 net sales increase of 5.6% Y/Y to ¥6.57 trillion.
- The company reported a net loss of ¥(970) billion, which narrowed from the loss of ¥(1.71) trillion in the previous year.
- Cash and cash equivalent stood at ¥6.93 trillion at the end of the fiscal year.
- SoftBank's total loss on investments stood at ¥(835) billion in the year versus ¥3.43 trillion last fiscal year.
- SoftBank witnessed ¥(5.32) trillion investment loss at SoftBank Vision Funds, with shares of several public portfolio companies declining on weak stock markets globally and decreasing fair value of several private portfolio companies.
- Also, the company reported an investment gain of ¥4.56 trillion from the Investment Business of Holding Companies, including a gain of ¥4.84 trillion relating to the settlement of prepaid forward contracts using shares of Alibaba Group Holding Ltd (NYSE:BABA).
- SoftBank moved to pare almost its entire stake in Alibaba Group in April, limiting exposure to China.
- Post-end-FY, SoftBank announced a deal with Nasdaq to list chip designer Arm Ltd.
- Repurchase: SoftBank repurchased shares worth ¥1.4 trillion in the fiscal year.
- Price Action: SFTBF closed higher by 0.18% at $38.03 on Wednesday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!