UPDATE: Morgan Stanley Reiterates Underweight Rating, Lowers PT on Trulia Following AlphaWise Survey

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, Morgan Stanley analyst Scott Devitt reiterated an Underweight rating on Trulia (NYSE: TRLA), but lowered the price target from $31.00 to $28.00.In the report, Morgan Stanley noted, “Even though Trulia shares trade at a large valuation discount to Zillow, we believe Trulia faces structural challenges as the number 2 player that is playing catch-up on advertising to grow its audience. Furthermore, we view Trulia's acquisition of Market Leader as a risky strategy relative to Zillow's smaller ‘tuck-in' deals and open-source CRM offering.”Trulia closed on Friday at $30.69.

27% profit every 20 days?

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