UPDATE: Goldman Sachs Lowers Ternium's PT - Ternium (NYSE:TX)

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 a research report published this morning, Goldman Sachs has lowered Ternium's (NYSE: TX) PT from $29 to $27.50.In the report, Goldman Sachs explained, "We update our TX valuation model for (1) new macro premises and (2) steel price forecasts that lead us to cut 2012-14 EPS by 6.7%/8.3%/12.7%. In light of higher risk aversion on Argentina and this earnings update, we cut our 12-month price target to US$27.50/ADR from US$29. TX reports 1Q on April 25 BMO; we expect US$340mn EBITDA and US$1.73 EPS."Goldman Sachs maintains its Buy rating on Ternium, which closed Friday at $22.15.

27% profit every 20 days?

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