UPDATE: Sterne Agee Downgrades GeoResources; Removes PT

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, Sterne Agee has downgraded GeoResources (NASDAQ: GEOI) to Neutral and removed its $37 PT.In the report, Sterne Agee commented, "GeoResources rallied approximately 22% to $37.77 since last Wednesday's announcement that it agreed to be acquired by Halcon Resources. Shares now trade over our $37 Price Target. With no counteroffers emerging, we are downgrading our rating to Neutral and removing our $37 Price Target."GeoResources closed yesterday at $37.77.

27% profit every 20 days?

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