July 18, 2010 1:00 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.
On CNBC's Mad Money Lightning Round, Jim Cramer said that he still believes in the shoe bull market. He thinks that Skechers USA, Inc. (NYSE: SKX) is still a buy, because it is an inexpensive stock that has a good story. Skechers USA, Inc. (SKX) fell 5.40% on Friday, and it closed at $32,09.Cramer has always liked Cubic Corporation (NYSE: CUB). He thinks that it is a good defensive stock. Cubic (CUB) fell 4.59% on Friday.Chesapeake Energy Corporation (NYSE: CHK) fell because natural gas went down, explained Cramer. He thinks that Chesapeake Energy Corporation (CHK) is still a good investment. CHK fell 2.66% on Friday.VMware, Inc. (NYSE: VMW) was on fire because of the cloud computing. Cramer explained that when stocks trade this high they tend to get hammered, and when that happens we should not buy until we see the signs that they settled. VMW dropped 3.14% on Friday. Learn how to find the best
stocks to trade each day in our 70 page E-Book and 90 minute online video for free.
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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