July 14, 2014 8:43 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 Monday, Bank of America analyst Scott S. Shiao downgraded the rating on
E2open (NASDAQ: EOPN) from Buy to Neutral, and lowered the price target from $23.50 to $21.50.In the report, Bank of America noted, “While 1FQ15 results were in-line with our estimates (see variance), EOPN guided to a weaker than expected 2FQ and FY15 EPS (midpoint ($0.20)-($0.18) vs our est. ($0.12) and FY15 ($0.51)-($0.54) vs. our est. ($0.45)) due to the SERUS acquisition contributing an additional $2mn in operating losses. To reflect updated guidance, we adjust our FY15E revenue from $88.5mn to $89.4mn and EPS from ($0.45) to ($0.52); however, we also update our FY16 EPS est. from $0.04 to ($0.17) to reflect the increasing likelihood that a sustained period of elevated investment is ahead.”E2open closed on Friday at $18.63.
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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