August 11, 2014 9:11 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, MLV & Co analyst Chad Mabry reiterated a Hold rating on
Bonanza Creek Energy (NYSE: BCEI).In the report, MLV & Co noted, “BCEI reported Q2'14 adj. EPS of $0.52, missing the $0.68 Street consensus and our $0.73 estimate. Adjusted EPS excludes $21 million of unrealized derivative losses, $7 million of stock comp, $3 million of cash severance costs, and a small loss on sale of oil and gas properties. CFPS of $2.36 was also shy of the $2.40 consensus and our $2.49 estimate. Higher-than-expected operating expenses were the primary culprits behind the miss. Q2'14 production of 22.9 MBoe/d was 1% below the consensus and our estimate of 23.1 MBoe/d on lower crude volumes.”Bonanza Creek Energy closed on Friday at $57.78.
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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