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.
Speaking to Benzinga, Ascendiant Capital analyst Theodore O'Neill said that the real risk in Tesla Motors Inc (NASDAQ: TSLA) is further delay deliveries of the Model X. Barring that, he says “the stock should do OK.”
Specifically, the Ascendiant Capital is looking for $1.1 billion in sales and a non-GAAP EPS of $0.31, which is in line with consensus. However, he’s not buying recent reports that CEO Elon Musk is cracking the whip as the result of disappointment with China sales.
“I don't know where this is coming from but it isn't news,” O'Neill said. “Elon is a no-nonsense manager who doesn't tolerate non-productive employees at any level. And my understanding about the issues in China are that they have been fixed and we should give the new managers more than 30 days to see results!”
Ascendiant Capital has a Buy rating on the stock with a $320 price target.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!