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.
The consortium led by Anbang Insurance Group Co., Ltd., and including J.C. Flowers & Co. and Primavera Capital Limited, announced Thursday that it has decided not to proceed with its proposal to acquire Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT). The consortium stated: "We were attracted to the opportunity presented by Starwood because of its high-quality, leading global hotel brands, which met many of our acquisition criteria, including the ability to generate consistent, long-term returns over time. However, due to various market considerations, the Consortium has determined not to proceed further. We thank the Starwood Board, management team and its advisors for their efforts and support throughout this process."Starwood acknowledged the Anbang statement and reaffirmed its commitment to merge with Marriott International, Inc. (NYSE: MAR)Starwood closed at $83.43 on Thursday, and traded as low as $79 after-hours. Marriott closed at $71.81 and traded as low as $67.11 after-hours.Aixtron Said To Attract Veeco, Chinese BiddersThe Rumor:
Aixtron SE (NASDAQ: AIXG) is in discussions with potential buyers, including Veeco (NASDAQ: VECO), according to sources as reported by Bloomberg on Thursday. Aixtron is said to be working with JPMorgan Chase to explore options. Chinese bidders, are also among the people said, asking not to be identified as the information is private. Discussions have been on-and-off again for months, and the company is unlikely to reach an agreement with any party soon, the people said.Aixtron closed at $4.85 on Thursday, up almost 7%.Sterling Bancorp Acquires NewStar Business Credit, LLC for $112MThe Deal:
NewStar Financial Inc. (NASDQ: NEWS) announced Thursday, the sale of NewStar Business Credit LLC to Sterling National Bank, a wholly owned subsidiary of Sterling Bancorp (NYSE: STL) for approximately $112 million in cash. NewStar expects to recognize a gain on the sale in the first quarter of 2016. NewStar closed at $8.75 on Thursday, up 2%.
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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