October 19, 2010 6:24 PM | 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.
Stephen Volkmann said on CNBC's Fast Money 360 that Caterpillar Inc. (NYSE: CAT) is going to continue to have double digit top line growth in the next couple of years. He believes that this company has a great potential, because of its presence in both emerging and developed markets.Carter Worth is a seller of Caterpillar (CAT), because all the good news are already reflected in the price. He added that CAT moved too far too fast from $63 to $80. Scott Nations is also bearish on Caterpillar Inc. (NYSE: CAT) going into earnings. He noted that Caterpillar's (CAT) options are pretty expensive.Caterpillar Inc. (CAT) is going to report earnings on October 21st. It dropped 2.11% on Tuesday, and closed at $78.55.
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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