October 16, 2013 9:24 AM | 1 min read |
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 Wednesday, Oppenheimer analyst Bret Jones downgraded the rating on
Computer Programs & Systems (NASDAQ: CPSI) from Outperform to Perform, and removed the $57.00 price target.In the report, Oppenheimer noted, “We are downgrading the shares of CPSI to Perform in part because the stock has exceeded our price target and because 2014 estimates appear aggressive. While we are well below consensus for 3Q13, we believe the delta is merely a timing issue, as we are similarly above the Street for 4Q13. Therefore, we would expect any potential 3Q13 miss would be offset in 4Q13. However, given the benefit from the recognition of delayed meaningful use revenue in 2013, we are increasingly skeptical about the growth expectations for 2014. Aside from normalizing system sales for the MU catch-up, we are also wary of the replacement market opportunity. We continue to believe in the TruBridge opportunity, which is incorporated in our model.”Computer Programs & Systems closed on Tuesday at $58.46.
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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