November 2, 2010 9:45 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.
Wells Fargo Expects Electronic Arts (NASDAQ: ERTS) Q2 results to at least meet its consensus estimates. However, the Q3 outlook is likely to be prove conservative given the indefinite delay of NBA Elite, the disappointing review scores for Medal of Honor, and weak demand for EA's MMA title. Wells Fargo expects full year guidance to remain unchanged, with Q2 upside offsetting a cautious Q3 outlook. Given these factors, Wells Fargo believes EA's ability to achieve the mid-point of its full-yr outlook boils down to Q4 execution, with ship dates and game quality key metrics to keep an eye on. Given the expectations of soft follow on demand for Medal of Honor, we don't see a catalyst in EA's Q3 slate to drive upside to ests. As a result, we think the stock is likely to trade sideways pending better visibility into the Q4 slate and the outlook for growth in F12.Wells Fargo reiterates its Market Perform and $15-$17 valuation range.ERTS is trading higher at $15.99
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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