June 18, 2014 9:50 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.
Shares of
Lorillard, Inc. (NYSE: LO) gain 2.33 percent in Wednesday's premarket trading following Wells Fargo analyst comments on CNBC's “Fast Money”.On Tuesday, Wells Fargo Managing Director Bonnie Herzog told CNBC's “Fast Money” that a merger between Reynolds American (NYSE: RAI) and Lorillard will likely happen.Bonnie Herzog commented, “I am still convinced that a deal is going to happen, and I think it's around the corner. A deal between Reynolds American and Lorillard makes a lot of sense. So, my conviction is quite high. I have about a 90 percent probability.”The Wells Fargo Director added that the merger would help drive margins in the e-cigarette and vapor market.Lorillard shares closed at $61.76 on Tuesday. In after-hours trading, the stock gained 2.315 percent at $63.19. Shares dropped to $62.50 in premarket trading before climbing back up to $63.20. The stock saw a slight dip before hovering at $63.09. Lorillard opened at $62.93 on Wednesday.
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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