October 18, 2013 9:24 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, Goldman Sachs analyst James Schneider upgraded the rating on
Avago Technologies Ltd. (NASDAQ: AVGO) from Buy to Conviction List-Buy, and raised the price target from $48.00 to $54.00.In the report, Goldman Sachs noted, “We are adding Avago to the Americas Conviction List. Despite the stock's strong performance YTD, three things give us confidence in further outperformance: 1) Avago's multi-year product cycle tied to global LTE penetration, as we see Avago's wireless segment growing 15% - 20% over the next two years as LTE penetration moves from 6% of global subscribers to as much as 20%; 2) continued dividend increases, with room to increase the yield to between 2.5% and 4.5%; 3) long-term management alignment with shareholder value, given CEO Hock Tan's new stock comp package, which vests with the stock between $50 and $75 (14% - 71% upside).”Avago Technologies Ltd. closed on Thursday at $45.10.
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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