January 14, 2013 8:59 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.
Axis Capital upgraded Infosys (NASDAQ: INFY) from Hold to Buy.Axis Capital commented, "Volume growth to accelerate: given higher deal win ratio, 8 large outsourcing deal wins in Q3, increase in client mining (> USD 50 mn clients) and likely increase in contribution from US geography (61% revenue share). Q3 volume growth of ~2% QoQ in a seasonally weak quarter (and Sandy storm) signals better times ahead. While management indicated macro is still challenging and CY13 IT budgets may be flat-to-declining (clarity expected in Feb '13), we believe better pricing and strong deal pipeline led by key initiatives undertaken by the company will help maintain revenue momentum."Infosys closed at $43.95 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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