Jefferies Initiates Coverage On FNSR

27% profit every 20 days?

This is what Nic Chahine averages with his option 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.

Jefferies is initiating coverage on Finisar (NASDAQ: FNSR) at a Buy rating and a price target of $23.In the report, Jefferies writes, “We are initiating research coverage of Finisar (FNSR) with a Buy Rating and a $23.00 price target. We believe that Street expectations for Finisar are overly bearish given the temporary nature of the industry-wide inventory correction that began late 2010 / early 2011 and our checks indicating that underlying demand for optical systems, ROADMs, and fiber cabling remain strong.”FNSR closed at $16.78 yesterday.

27% profit every 20 days?

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