Brics: Another Weak Guidance and Weak Quarter for Infosys Technologies - Infosys (NYSE:INFY)

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.

In a research report published earlier today by Brics, Infosys Technologies' (NASDAQ: INFY) management has indicated that the weakness the company has seen may very well spill into Q1FY13.According to Brics, "While maintaining our Add rating, we revise our FY13-14 earnings estiamtes down by 4.2% and 3.2% and cut target to Rs2,600 (from Rs2,900). We assign 15x P/E vs. earlier 18x on weak growth prospects from persisting weakness in top-10 client, higher exposure to discretionary spends, and possible uptick in attrition."Infosys Technologies closed Friday at $49.15.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!