UPDATE: Jefferies Lowers Price Target on Sina to $99


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.


According to Jefferies, Sina (NASDAQ: SINA) price target is lowered to $99.Jefferies said that Sina reported 4Q11 results: rev in line, earnings 2.5% ahead of its estimates. “We reduce PT by 12% to USD99, from USD113, maintain Buy on improving visibility and upside potential from Weibo monetisation.”Sina closed yesterday at $62.95.

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.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies