January 19, 2011 4:24 PM | 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.
F5 Networks (NASDAQ: FFIV) is getting crushed after reporting earnings on Wednesday. The company reported EPS of $0.88 on revenue of $268.9 million. This compared with consensus EPS estimates of $0.83 on revenue of $270.34 million. That revenue miss, and quite frankly only marginal EPS number, is killing this stock in the late trading session. FFIV shares have lost more than 17% and are currently trading at $114.88. This cannot be a complete surprise to shareholders. FFIV has been priced for perfection for quite awhile now. After seeing a high-flier like F5 miss their quarter, aggressive traders may want to take shots on the short side at some other richly valued names that don't have much room for error.
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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