August 24, 2010 10:39 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.
Kauffman Bros. analyst Shaw Wu says the Verizon (NYSE: VZ) iPhone isn't a sure thing at this point.In a report from
MobileBeat, Wu says that the details are still being worked out and ultimately he believes that Apple's (NASDAQ: AAPL) smart phone will eventually come to Verizon, but Spring and T-Mobile should not be counted out.He goes on to say, "We believe the argument for AAPL to pursue Verizon sooner than later is to address the growing presence of Android. What better way to do that than where Android has seen the majority of its success?"All signs point to a Verizon iPhone next year. Two major signs are an unconfirmed source telling Bloomberg News that a Verizon iPhone will happen next year. Steve Jobs has also said that Verizon cell sites are on Apple's campus.Wu firmly believes AT&T (NYSE: T) will lose exclusivity, as he notes in his report. "From our checks with industry and supply chain sources and a recent SEC 10-Q filing by AT&T mentioning that exclusivity with ‘a number of attractive handsets’ could end, we have conviction that the iPhone could likely finally be at another carrier besides AT&T here in the U.S. in 2011 and potentially at Verizon in 2011 or 2012."Shares of Verizon are down 10 cents to $29.31 and Apple is down $5.82 to $239.98.Is AAPL 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.