October 19, 2010 10:32 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.
Are North American consumers making impulse purchases of soft drinks again? Philip Gorham, a senior equity analyst for Morningstar Inc., told
Bloomberg that he believes they are following Coca-Cola Co.'s (NYSE: KO) announcement that it had boosted third-quarter profits by 8.4% after winning more customers overseas and increasing North American sales volume for the second quarter in a row.Coca-Cola said that net income increased to $2.06 billion (or 88 cents a share). Most interestingly, the company said it may repurchase $2 billion of its shares this year, up from the $1.5 billion announced previously.Coca-Cola's sales rose to $8.43 billion, beating the average of analysts' estimates compiled by Bloomberg. Global sales by drink volume grew 5% and were reportedly driven by the Coca-Cola brand. China posted 12% volume growth while Japan grew 11%. “The 2% volume gain in North America matched that unit's gain in the second quarter as the unit reconfigures package sizes, such as adding 99-cent bottles, and pricing strategies amid high unemployment,” Bloomberg writes. “Sales for the unit grew 2% while operating income increased 16%.” Coca-Cola currently trades for $59.96.
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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