A123 Trying To Build Credibility, Goldman Still Neutral


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.


A123 Systems, Inc. (NASDAQ: AONE) reported 2Q revenues of $22.6M vs. $27.9M estimated by Goldman Sachs. Losses per share were $0.33, worse than Goldman's estimate of $0.28. A123 Systems has announced its withdrawal from negotiating with Chrysler Group LLC, but has also announced supply agreements with The AES Corporation (NYSE: AES) and Daimler (PINK:DDAIF) for hybrid buses and a major, unnamed OEM, according to Goldman.Goldman Sachs maintains its "neutral" rating and $9 price target.A123 Systems closed yesterday at $10.44.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorEarningsLong IdeasNewsMarketsAnalyst RatingsA123 SystemsGoldman SachsUtilities