January 5, 2011 8:06 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.
Piper Jaffray said that it remains constructive on the Select Comfort Corporation (NASDAQ: SCSS) story and stock.“We recently increased estimates for the December quarter and expect the company will report solid improvement,” Piper Jaffray writes. “We expect management will provide visibility on improving industry trends - specifically on the specialty segment.“Industry-wide, mattress units sales are up ~7% YTD November and we expect positive trends continued during December 2010. Execution continues to improve and market share has stabilized. The company's financial position has made a tremendous turnaround and cash flows have been impressive at $68M YTD Sept-10. We think estimates for CY11 will increase during the next 12-months and valuation is expected to follow.”Select Comfort closed Tuesday at $9.86.
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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