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.
If you have been waiting for the Apple Car, you may want to rethink your options. Apple analyst Ming-Chi Kuo has now said that he has "lost all visibility" on the Apple Car project.
What Happened: Apple Inc. (NASDAQ:AAPL) could be losing the plot for its car project – while the Apple Car saga has extended to a decade now, analyst Kuo has cast aspersions on the idea itself.
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According to Kuo, fans who have been waiting for Apple Car news are in for a disappointment. He says he has "lost all visibility" on the project, which sounds quite serious for the world's most valuable company by market capitalization.
"If Apple doesn’t adopt an acquisition strategy to enter the automotive market, I doubt that the Apple Car can go into mass production within the next years," Kuo remarked, underlining that Apple has likely run into some serious problems with its autonomous electric car dreams.
Autonomous Car Dreams: Elon Musk's Tesla Inc. (NASDAQ:TSLA) has also been working on bringing similar capabilities to its electric cars, but it has not yet achieved the highly anticipated full self-driving abilities yet.
This is not the first instance of Kuo expressing doubts about the Apple Car project. Back in March this year, Kuo said the team working on Apple Car has been dissolved.
"The Apple Car project team has been dissolved for some time," he said, adding that a reorganization is required if Apple wants to achieve its mass production goal by 2025.
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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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