October 27, 2010 8:52 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.
Dahlman Rose has published a research report on Century Aluminum Company (NASDAQ: CENX) after the company reported 3Q earnings results that were lower than expected and consequently Dahlman has lowered estimates.In the report, Dahlman Rose writes "Century Aluminum reported 3Q10 adjusted EPS of $0.03. This was below our estimate of $0.10 and the consensus estimate of $0.07. The company's revenues were higher than we expected, as the company's US production and premium over the LME cash price exceeded our estimates, but profitability was hurt by higher costs. Management indicated that higher raw material costs, primarily for carbon anodes, much of which is transitional, led to a q/q decrease in net earnings of about $4 MM, or approximately $0.04 in EPS."Dahlman Rose maintains its Buy rating and $17 price target.Century Aluminum Company closed yesterday at $13.63.
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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