Fast Money Picks For August 12


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.


CNBC's Fast Money Tim Seymour said on the show that he has been bearish on Russia, but recent development in Ukraine could offer a small window to take a long position in Yandex NV(NASDAQ: YNDX), which is the best of the breed in his opinion. Yandex gained 0.03 percent on Monday and it closed at $29.01. Dan Nathan said that he likes AT&T (NYSE: T). He explained that in the environment in which the bond yields just won't go up, a purchase of a 5.3 percent dividend yield stock is a good investment decision. AT&T closed flat on Monday, at $34.47.Karen Finerman is a seller of Oppenheimer SteelPath MLP Funds Trust (NYSE: AMLP). She knows that AMLP had a nice run, but it is time to sell now. AMLP gained 2.97 percent Monday and it closed at $18.70.

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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Posted In: CNBCLong IdeasShort IdeasFast MoneyMediaTrading IdeasDan NathanKaren FinermanTim Seymour