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.
The quiet period has expired on shares of Virgin America Inc. (NASDAQ: VA) and coverage was initiated by several firms Wednesday.
Deutsche Bank, Barclays, Cowen and Bank of America rated the company a Buy (or the equivalent) while Raymond James gave it a Market Perform rating.
The stock has risen from its November 13 IPO price of $23.00 to $35.81 as of Tuesday’s close.
Deutsche Bank analyst Michael Linenberg commented that “Virgin America is able to offer a lower price for its three-class product than its primary competitors (namely the traditional network carriers) due to its lower cost structure. This is largely accomplished by flying a single aircraft type (Airbus A320 family), high asset utilization, and outsourcing all functions that are non-passenger facing (e.g. baggage delivery, heavy maintenance, reservations, etc.).”
Linenberg concluded that the company represented “an attractive means to invest in a low cost carrier that is pursuing a unique strategy: targeting price-sensitive business travelers and high-end leisure customers who ascribe value to a hip, high-tech, high-touch travel experience.”
With the quiet period ending the stock traded at 36.94 in Wednesday’s pre-market, up 3.16 percent.
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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