December 2, 2014 8:08 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.
Avanir Pharmaceuticals (NASDAQ: AVNR) shares jumped 13.89% to $17.10 in pre-market trading after the company agreed to be acquired by Otsuka Pharmaceutical for $17.00 per share in cash.Spansion (NYSE: CODE) shares gained 18.82% to $27.15 in the pre-market trading session after Cypress Semiconductor announced its plans to buy Spansion for $1.59 billion in stock. Cypress Semiconductor (NASDAQ: CY) shares surged 11.79% to $11.66 in pre-market trading after the company announced its plans to buy Spansion (NYSE: CODE) for $1.59 billion in stock. Analysts at Topeka Capital upgraded Cypress from Hold to Buy and raised the price target from $10.50 to $13. Shoe Carnival (NASDAQ: SCVL) shares rose 3.26% to $20.26 in pre-market trading after the company reported upbeat third-quarter earnings and issued a strong fourth-quarter sales forecast.
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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