November 23, 2012 7:11 AM | 1 min read |
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.
Urges Company to Discuss Acquisition Offer and Conduct Open and Transparent Sale ProcessNEW YORK, Nov. 23, 2012 /PRNewswire/ --Board of DirectorsKIT digital, Inc.26 West 17th Street, 2nd FloorNew York, NY10011 Attention: Bill Russell, Chairman Dear KIT digital Board of Directors,KIT digital, Inc.'s ("KITD" or the "Company") November 21, 2012 8-K…Urges Company to Discuss Acquisition Offer and Conduct Open and Transparent Sale ProcessNEW YORK, Nov. 23, 2012 /PRNewswire/ --Board of DirectorsKIT digital, Inc.26 West 17th Street, 2nd FloorNew York, NY10011 Attention: Bill Russell, Chairman Dear KIT digital Board of Directors,KIT digital, Inc.'s ("KITD" or the "Company") November 21, 2012 8-K (the "8-K") effectively blamed prior management for the Company's delayed filing of third quarter results and the Company's intent to restate its financial statements for the 2009-2011 period, among other issues. The Company's attempt to attribute its current problems to prior management is spurious.As one of KITD's largest shareholders and the Company's former chairman and CEO, I have kept my opinions on the Company's trajectory confidential since my departure in April 2012, in deference to the efforts being expended by current management and to avoid unnecessary discord. However, I can no longer silently abide the Company's attempt to scapegoat previous management or tolerate the recent record of deficient management and poor business execution. KITD shareholders deserve to be leveled with on what has occurred at the Company to date, and shown a path forward to success and enhancement of share value, as we have set forth below.First, some clarifications concerning
See full press release
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.