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.
Today just after 3:20 P.M., Lumbers Liquidators (NYSE: LL) spiked 6.2% after Charlie Gasparino tweeted, "#BreakingNews as $LL shares tank co insiders pressing bullish case w investors; raising possible sale to PE firm 340pm EDT @FoxBusiness."
Last Monday, shares of Lumber Liquidators surged after hedge fund manager Whitney Tilson said he covered his short. He added that he didn't think management was malicious, but truly had no knowledge of formaldehyde in products.
Additionally, last week, Goldman Sachs cut Lumber Liquidators from Neutral to Sell. Analyst Matthew Fassler believes that fundamentals may recover over time, this recovery is already priced into current equity valuation.
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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