UPDATE: Jefferies Lowers PT on Renren on 4Q12 Revenues

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 Renren (NYSE: RENN), but slightly lowered its price target from $3.70 to $3.00.Jefferies noted, “4Q12 revenues beat JEF and consensus, losses are smaller than our estimates and Street; est. 1Q13 guidance is 2-6% below Street expectation. Strong games business growth with upside potential from Android platform. Challenging PC-based ads given niche student user-base and intensified competition, mobile ads still being trialed. Maintain Hold, PT revised down by 18.9% to USD3.00.”Renren closed on Friday at $3.07.

27% profit every 20 days?

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