UPDATE: Rodman & Renshaw Raises Target to $6 on Top Image Systems


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.


Rodman & Renshaw raises its price target $2 to $6 on Top Image Systems (NASDAQ: TISA) following recent rally in share prices. Rodman & Renshaw notes, "After a negative initial response to the company's 4Q11results, which we were surprised by, TISA stock has rallied by over 33% in the last few weeks. This move has come on strong volume and we believe investors may have been taking advantage of the valuation discrepancy in this name relative to the industry. ...Recent news flow around project deployment and smartphone device associated patent filing gives us confidence to expand the valuation multiple that we are comfortable in assigning the story."TISA closed at $3.91 a share on Thursday.

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 TargetReiterationPre-Market OutlookAnalyst RatingsRodman & Renshaw