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.
Related Link: Will The Verizon-AOL Merger Help The Carrier's Lobbying Against Net Neutrality?
Charter's History With TWC
This isn't the first time that Charter has attempted to acquire Time Warner Cable."More than a year ago, Charter was courting Time Warner Cable," said O'Boyle. "They went through a couple of rounds of negotiations and Charter couldn't come up with a number that Time Warner Cable liked. That's when Comcast jumped in to say, 'We'll pay whatever they want.' That's where their $45 billion figure came from, and we know how that turned out."When asked if the Charter-TWC deal is as dangerous as the failed Comcast-TWC merger, O'Boyle said that it's important to look at the "amount of market power it would have in the interconnection market.""The amount of leverage it I would have in cable carriage negotiations…is troubling," O'Boyle warned. "Regulators are really keen on this dynamic -- new market in online video and over the top. Any combination that brings this much concentration to the home broadband market is going to raise some red flags because it threatens to foreclose innovations in over the top."Is Consolidation A Way Of Life?
The Charter-TWC proposal has overshadowed the fact that Charter has also offered to buy Bright House Networks (the sixth-largest American cable company) for $10.4 billion."Monopolists will always try to monopolize, so there will always be another merger proposal," said O'Boyle. "The fact that we've got more of them before isn't surprising in itself."Earlier this month Verizon Communications Inc. (NYSE: VZ) announced that it will acquire AOL, Inc. (NYSE: AOL) for $4.4 billion. O'Boyle said that the biggest distinction between that merger and the rest is scale."It does involve some overlap because you have to ask the question, 'What sort of editorial control will Verizon exercise over the AOL media properties?'" O'Boyle questioned. "'Will Huffington Post be able to operate blogs that are critical of Verizon?' That sort of question, right?"Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.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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