January 14, 2013 9:41 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 Monday, KeyBanc Capital Markets downgraded its rating on Kaman Corporation (NYSE: KAMN) from Buy to Hold.KeyBanc Capital Markets noted, “Based on the confluence of what we consider a full valuation, a persisting sequestration overhang and the potential impact on growth rates for key defense programs (e.g., BLACKHAWK helicopter; including timing uncertainty on the K-MAX and SH-2G), we are downgrading shares. In line with our thesis, we believe investors have credited KAMN for operational improvements and a growth/return focused strategy (particularly within Industrial Distribution) as illustrated by outperformance over the course of 2012 (shown below), but now see the risk/reward more balanced. Moreover, we think investor enthusiasm regarding the K-MAX and SH-2G programs has increasingly shifted positive and could disappoint should these programs develop slower than currently envisioned.”Kaman Corporation closed on Friday at $37.18.
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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