December 6, 2013 8:11 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 Thursday, Oppenheimer analyst Terry McEvoy initiated a Perform rating on
BofI Holdings (NASDAQ: BOFI).In the report, Oppenheimer says "BofI Holding's scalable low-cost banking platform appears well-positioned for strong earnings growth and profitability. Following the rapid move up in price since mid-2012, we believe the stock is fairly valued at 19.4 x our calendar 2014E EPS and 1.4x tangible book value. While we believe BOFI should be a core bank holding for small-cap growth portfolio managers and are positive about the company's longterm prospects, we would not recommend adding to positions at current prices. Accordingly, we are initiating coverage of BOFI with a Perform rating and are willing to be patient and await a better entry point."BofI closed on Thursday at $80.02.
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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