August 26, 2010 7:23 PM | 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.
Shares of ArcSight (NASDAQ: ARST) soared nearly 30 percent higher this afternoon on news it has put itself up for sale. Potential rumored buyers include HP (NYSE: HP) and Oracle (NASDAQ: ORCL). The rumored going price is $1.5 billion. This news comes on the heels of Intel (NASDAQ: INTC) purchasing McAfee(NYSE: MFE) for $7.7 billion. On the heels ArcSight's news, shares of SourceFire (NASDAQ: FIRE) shot nearly 13 percent higher on above average volume; shares closed up $2.54 to close at 24.68. SourceFire is in the cybersecurity space providing solutions to the IT industry. SourceFire has a market cap of $684mil, ArcSight market cap $1.2bil. SourcFire 52wk Range: 16.80 - 28.00 ArcSight 52wk Range: 17.51 - 37.46
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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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