March 20, 2015 6:55 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.
On
CNBC's Fast Money, traders spoke about
Paychex, Inc. (NASDAQ: PAYX) and
eBay Inc (NASDAQ: EBAY) and explained which stock is a better buy at the moment.Guy Adami is a buyer of
Paychex. It has a great balance sheet, no debt and the stock is making new highs. Adami added that it might be a little expensive at 25 times forward earnings, but he believes that it is going to $60. He explained that eBay got downgraded on Thursday and it has been trading between $50 and $60 for quite some time, meanwhile Paychex has performed great.Karen Finerman prefers eBay because of valuation. She sees the PayPal spinoff as a crucial thing for stock's value.Brian Kelly thinks that eBay is a better stock. He named the PayPal spinoff and the deal with
Sothebys (NYSE: BID) as potential catalysts that could move the stock higher. He added that he doesn't like to buy stocks at 52-week highs and that is why he would not buy Paychex.Jon Najarian would rather buy Paychex because he doesn't like the competition that eBay is facing. Najarian likes Paychex balance sheet, stock performance, dividend yield and dividend growth.
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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