UPDATE: Daiwa Capital Markets Downgrades Suntech Power to Sell on Structural Weakness


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.


Daiwa Capital Markets reduces its rating on Suntech Power (NYSE: STP) from Hold to Sell and reduces its price target from $3 to $1.50. Daiwa Capital Markets comments, "We are cutting our 2012 and 2013 revenue forecasts by 20% and 30%, respectively, due to lower shipment and ASP assumptions, and expect STP to record a quarterly loss until 4Q13. We lower our six-month target price to US$1.50 (from US$3.00) now based on 0.45x 2012E PBR (0.7x previously) (0.9x 2012E stressed NTA). We also lower our rating to Sell (5) from Hold (3) as we expect closed at $ on Wednesday. STP continue to lose market share and record losses due to its weak position, and share-dilution/liquidity risk." STP closed at $2.02 on Wednesday.

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 ColorDowngradesPrice TargetPre-Market OutlookAnalyst RatingsDaiwa Capital Markets