February 13, 2014 8:39 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, Morgan Stanley analyst Philip Wan upgraded the rating on
Ctrip.com International Ltd. (NASDAQ: CTRP) from Equal-Weight to Overweight, but lowered the price target from $55.00 to $50.50.In the report, Morgan Stanley noted, “Ctrip's share price has dropped ~30% since its 3Q result (Nov 6 2013), vs. up ~7% for the NASDAQ, largely due to concerns about tougher competition and near-term margin pressure. While we expect margins to decline in 2014, we think the strategy to strengthen Ctrip's market position and capture the business opportunities in mobile and leisure travel services makes sense.”Ctrip.com International Ltd. closed on Wednesday at $41.72.
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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