27% profits every 20 days?
This is what Nic Chahine averages with his options 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, Goldman Sachs analyst James Schneider downgraded Broadcom (NASDAQ: BRCM) from Conviction List Buy to Neutral, and lowered the price target from $36.00 to $30.00.
In the report, Goldman Sachs noted, “We downgrade Broadcom to Neutral from Buy. Our Buy thesis had been predicated on Broadcom driving long-term growth by building scale, momentum, and profitability in its baseband SoC business. However, given recent setbacks at key customer Samsung and limited visibility into further customer diversification, we think the stock is unlikely to outperform until Broadcom demonstrates that it has regained momentum, which we think is unlikely until 2H14. We also believe market concerns on connectivity market share, while likely overdone, will weigh on the stock. Since we upgraded to Buy on 3/17/10, BRCM is down 22% vs. the S&P 500 up 46%.”
Broadcom closed on Friday at $26.06.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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