UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Globe Specialty Metals Following F2Q13 Results - Ferroglobe (NASDAQ:GSM)

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.

In a report published Monday, Jefferies reiterated its Hold rating on Globe Specialty Metals (NASDAQ: GSM), and raised its price target from $13.75 to $15.00.Jefferies noted, “We maintain our HOLD rating following F2Q13 results, seeing insufficient upside potential to warrant recommending the shares on what we believe to be reasonable bull case silicon pricing and earnings assumptions for CY13-14.”Globe Specialty Metals closed on Friday at $15.40.

27% profit every 20 days?

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