UPDATE: JP Morgan Downgrades Fusion-io to Neutral on Challenging Outlook


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.


JP Morgan downgraded Fusion-io (NYSE: FIO) from Overweight to Neutral and lowered the price target from $30.00 to $21.00.JP Morgan noted, "This rating change, after just upgrading the stock on January 14, is disappointing. FIO's risk-reward profile has deteriorated significantly, and we cannot recommend a stock where revenue estimates stand to decline more than 35% in the near term. While the bear or short thesis likely has been flushed out, we do not expect the stock to recover until 1) its top two customers return, or 2) customer diversification efforts can offset the lost revenues at the top two customers. In either scenario, the timing is likely deferred to the summer, putting FIO's stock in a holding pattern."Fusion-io closed at $20.09 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 ColorDowngradesAnalyst RatingsJP Morgan