August 18, 2010 10:26 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.
Research In Motion, Ltd. (NASDAQ: RIMM) is having its FY2011/2012 estimates lowered due to the likeliness of continued share loss, now expected to be valued at $5.48/5.65 (from $5.53/5.77) and remain below consensus for FY2Q2011, FY2011 and FY2012, Oppenheimer reports. Growth is expected to remain slow, as the Torch launch showed no supply issues and a lack of buzz needed to drive volumes, according to Oppenheimer, which writes that most purchases are from existing Blackberry users. Hardware is reported to be unexciting, with RIMM's touchscreen portfolio continuing to disappoint over the competition.Oppenheimer maintains its Outperform rating but has lowered the price target to $58.Research In Motion, Ltd. closed yesterday at $50.25.Is RIMM a Buy, Sell or Hold? Click
Here.
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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