January 11, 2013 8:37 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 Friday, D.A. Davidson & Co. downgraded its rating on Home Federal Bancorp (NASDAQ: HOME) from Buy to Neutral, but slightly raised its price target from $13.50 to $14.00.D.A. Davidson noted, “We are downgrading HOME to NEUTRAL as the stock's current valuation appears reasonable and significant upside seems limited. HOME's cross of the 1.0x TBV level is appropriate in our view, especially given the franchise's initiatives to help ensure the bank's near-term profitability. A significant premium above current levels could potentially be earned with an improved growth outlook and/or takeout speculation; factors we see as more speculative. Acknowledging improved multiples for the bank group, we are raising our target to $14 (up from $13.50), representing roughly 1.15x our projected 2013 TBV estimate.”Home Federal Bancorp closed on Thursday at $13.87.
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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