September 11, 2014 9:57 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 Thursday, Wunderlich Securities analyst Matthew Harrigan reiterated a Buy rating and $119.00 price target on
Viacom (NASDAQ: VIAB).In the report, Wunderlich Securities noted, “Yesterday, Buy-rated Viacom (VIAB) agreed to provide access for 22 cable networks, including Nickelodeon, MTV, and Comedy Central, for Sony's (SNENR) nascent U.S. over-the-top TV service. The cloud-based service will be delivered to PlayStation consoles, Bravia TVs, and other Sony devices later this year. Details on pricing are thin, but we suspect that MTV Networks commanded a comparable ratings price card to current distributor deals. Given the likely emphasis of the service on youth demographics and MTV Networks' low affiliate fees relative to ratings delivery, Viacom's #1 27% cable network ratings share among 2 to 34 year olds allows it to both maintain its pricing integrity while supporting new distributors.”Viacom closed on Wednesday at $80.24.
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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