Benzinga's M&A Chatter for Wednesday February 29, 2012


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.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 29, 2012:Hearing Samsung in Talks to Acquire Research in MotionThe Rumor:
Hearing Samsung (SSNLF) is in advanced talks to acqure Research in Motion (NASDAQ: RIMM) for $27 per share, according to sources. This same pairing was rumored previously on January 18, when it was tweeted by BGR.com. A Samsung spokesperson quickly denied that rumor.A representative for Research in Motion would not comment on the speculated deal. A Samsung spokesperson could not be reached for comment.Research in Motion closed at $14.17 Wednesday, a loss of 2.31% on 65% of the average daily volume.Hearing Stec Could be a Takeover TargetThe Rumor:
Stec (NASDAQ: STEC) could be a takeover target at current price level, according to FBN Securities. Stec has fallen from a high of $41.75 in September 2009, to its current level near $10.A Stec spokesperson was not available for comment.Stec closed at $9.69 Wednesday, a gain of 3.97% on 4 times the average daily volume.Hearing Dell May be Targeting Opnet TechnologiesThe Rumor:
Dell (NASDAQ: DELL) may be considering a purchase of Opnet Technologies (NASDAQ: OPNT), according to dealReporter. Dell acquired AppAssure on February 24 and is reported to be seeking other acquisitions.Representatives of Dell and Opnet were not available for comment.Opnet closed at $28.55 Wednesday, a loss of 2.59% on 59% of the average daily volume.

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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