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.
Astec Analytics' hot stocks list includes the firm’s top picks from a securities lending perspective.
Sunedison Inc (NYSE: SUNE) is a hot stocks regular, which saw many short positions closed a couple of weeks ago as upside seemed to run out and the cost to borrow the shares continued to rise.
Nonetheless, this past week saw borrow volumes spike again, up 14 percent over the last seven days. With shares still trading below $0.40, “the only likely explanation is that new short positions have been attracted by the 30 percent fall in the borrowing cost,” Astec's report said.
While the stock remains relatively pricey, “there is a potential return available if they fall sufficiently further or the company does indeed go bankrupt, but the new trading has added some spark to the next few weeks for observers of SunEdison,” the experts concluded.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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