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.
From November 4 to November 8, Twitter (NYSE: TWTR) was one of only 13 new issues that were priced above the listing company's expectations. Shares of Twitter began trading at $45.10, substantially above the $25-$30 range that underwriters involved in the deal were aiming for.
As of this writing, IPOs that took place in the month of November have gained an average of 12 percent return during the first day of trading. Twitter is the exception with its impressive 73 percent first-day jump.Investors have been taking cues from several “high flyers” like Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX), whose shares have taken hits recently. A pullback in these high-growth names with an already established history “will end up having an impact on pricing for these IPOs,” according to David Rudow, a research analyst at Thrivent Financial, which oversees $82 billion.
Investors can look forward to upcoming IPOs from Hilton Worldwide and Chrysler. Pinterest, the third most popular social media site recently disclosed that it has no intention of filing an IPO any time soon.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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