February 27, 2013 1:57 PM | 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.
Evercore's Ken Sena boosted his price target on shares of LinkedIn (NASDAQ: LNKD) from $160 to $200 Wednesday morning. The analyst maintains an Overweight rating on LinkedIn shares.Sena believes there are strong similarities between LinkedIn and Salesforce.com (NYSE: CRM). The analyst specifically mentioned the large addressable market, business model which is enterprise facing and consistent strong sales growth. Extrapolating Salesforce.com's multiple into his LinkedIn model, Sena comes to a theoretical five-year share price around $280.With shares of LinkedIn up more than 7 percent to $169 at last check, Sena's new price target represents potential upside of about 18 percent.
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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