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.
GALT insider trading is fun to track,http://finance.yahoo.com/q/it?s=GALT+Insider+Transactions. John Maudlin,Director, continues to buy monthly fixed dollar, Data from Yahoo Finance
| 2-Oct-13 | 125 | GALT | Automatic Purchase at $9.97 per share. (Cost of $1,246) |
| 1-Oct-13 | 376 | GALT | Automatic Purchase at $9.96 per share. (Cost of $3,744) |
| 4-Sep-13 | 676 | GALT | Automatic Purchase at $7.38 per share. (Cost of $4,988) |
| 5-Aug-13 | 840 | GALT | Automatic Purchase at $5.94 per share. (Cost of $4,989) |
| 3-Jul-13 | 876 | GALT | Automatic Purchase at $4.23 per share. (Cost of $3,705) |
| 1-Jul-13 | 300 | GALT | Automatic Purchase at $4.24 per share. (Cost of $1,272) |
| 3-Jun-13 | 1,176 | GALT | Automatic Purchase at $4.21 per share. (Cost of $4,950) |
| 25-Apr-12 | *1,100 | GALT | Purchase at $3.08 per share. (Cost of $3,388) |
| 24-Apr-12 | *3,847 | GALT | Purchase at $2.94 per share.
|
| Date | Insider | Shares | Type | Transaction | Value* |
|---|---|---|---|---|---|
| Oct 8, 2013 | 10X FUND, L.P.Beneficial Owner (10% or more) | 12,000 | Direct | Sale at $12.36 per share. | 148,320 |
| Oct 8, 2013 | MARTIN ROD DDirector | 12,000 | Indirect | Sale at $12.36 per share. | 148,320 |
| Oct 8, 2013 | CZIRR JAMES COfficer | 12,000 | Indirect | Sale at $12.36 per share. | 148,320 |
| Oct 7, 2013 | MARTIN ROD DDirector | 100,000 | Indirect | Sale at $11.79 per share. | 1,179,000 |
| Oct 7, 2013 | 10X FUND, L.P.Beneficial Owner (10% or more) | 100,000 | Direct | Sale at $11.79 per share. | 1,179,000 |
| Oct 7, 2013 | CZIRR JAMES COfficer | 100,000 | Indirect | Sale at $11.79 per share. | 1,179,000 |
Recent sales of 348,000 shares of GALT were easily absorbed by the market. It appears all resistance is clear. GALT will trade at $15-18 before significant shares appear unless unexpected news occurs. My point is that insiders continue to buy, and sell shares to fill DEMAND. I could be wrong. It seems a lack of institutional blocks may be an issue when an individual shows up with $3 million for 500,000 GALT. Perhaps he/she wanted 348,000 additional shares?
I am a technical analyst and search through the OTC micro-caps for ideas. I began to acquire GALTW at .65 and bought down to .31. The common has been in a strong uptrend since $1.60. I continue to buy GALT, GALTW and recommend investors allocate 10-25 percent to small and micro cap stocks. My model portfolio is currently 12 micro-caps, GALTW is my number 1. I continue to buy GALT, GALTW and GALT options.
I recommend the GALT Nov 10 at $2, GALT Jan 2014 12 1/2 at $1.50. GALTW is a leap. The ability to buy at $5.63 before March 2017. Trading at $6.31, GALTW carries $5.42 intrinsic value. An $.89 time premium for 3 1/2 years in the money? Non qualified money should consider conversion, margin and increase leverage. Investors may do their own research(DIY) or engage an advisor before investing. This is not a recommendation to do anything, but read an article.
The Chart: A picture paints a thousand words. http://scharts.co/1cdPg6x
Watch for news to confirm what the company management says and expects. This is GALT's strength, integrity. GALT management overdelivers and institutional ownership in GALT rises as early investors cash out. GALT current market capitalization is $188 million. Should GR-MD-02 and GM-CT-01 acheive goals, $1.8 billion is my estimate of GALT's potential market cap. This equates to GALT $110 GALTW $104.
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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