June 3, 2011 9:20 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Stifel Nicolaus is out with its report today on Descartes Systems Group (NASDAQ: DSGX), raising its PT from $8.50 to $9.In a note to clients, Stifel Nicolaus writes, "Descartes reported strong 1Q/F12 results (ended April) this morning, before the open, with revenue of $27.1mn, versus our estimate of $26.2mn (consensus: $26.5mn), up 27% from last year. Adjusted EBITDA was $7.8mn vs our estimate of $6.8mn (consensus: $7.5mn) with margins helped by an earlier than expected integration of last year's acquisitions.Adjusted EPS was $0.12, ahead of our estimate of $0.11 (consensus: $0.10). With this note, we update our estimates and raise our target price to $9.00."Shares of DSGX closed Thursday at $6.88.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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