September 27, 2013 10:35 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 Friday, Deutsche Bank analyst Mark Wilde downgraded the rating on
International Paper Company (NYSE: IP) from Buy to Hold, and lowered the price target from $54.00 to $51.00.In the report, Deutsche Bank noted, “The biggest issue is evidence of increased capital being invested in domestic c'board capacity (IP's ‘core' business) – both new mills & conversions. Based on our analysis, we think industry operating rates could drop from recent levels in the high 90's to 90% or below by 2015. Without stronger demand, IP could be forced to take more economic downtime or make permanent capacity shuts. In the short-term, the issues are continued sluggish domestic c'board demand, rising inventories and some very modest pricing pressure from new capacity. Trimming IP from Buy to Hold. Reducing PT from $54 to $51.”International Paper Company closed on Thursday at $47.29.
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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