February 11, 2013 10:18 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, Wunderlich Securities reiterated its Hold rating on Arlington Asset Investment Corp. (NYSE: AI), and raised its price target from $21.00 to $23.50.Wunderlich Securities noted, “Arlington Asset reported core non-GAAP EPS of $4.92 for 2012, exceeding our expections. Tangible book value declined by 3% to $22.95, and the 12% total return in 2012 was comprised of $3.50 in dividends less the $0.72 decline in book value per share. Based on our revised earnings expectations and our projection that book value will increase in 2013, we are raising our price target from $21 to $23.50. Though the potential for value creation is about 17%, we maintain our Hold rating. The 14.3% dividend yield is attractive, but we think the stock is a little ahead of fair value.”Arlington Asset Investment Corp. closed on Friday at $24.52.
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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