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.
Announcement! We're presenting on new multibillion-dollar short Monday, Oct 6. It's the best short we've come across, ever. Stock worth $0
— Kerrisdale Capital (@KerrisdaleCap) October 1, 2014
Kerrisdale Capital plans to hold a live presentation on October 6 to present its “best short” idea.Several firms, according to Bloomberg, on Thursday issued a defense of Globalstar shares.One of the rumors circulating across trading and news desks is that Kerrisdale Capital's presentation will focus on the coming availability of 5.1 Wi-Fi, making the older generation, 2.4 Wi-Fi worthlessAnalysts at Odean Capital stated that “nothing could be further from the truth” given power restriction limits threat of 5GHz as a carrier grade alternative. Odean Capital maintained a belief that the weakness in Globalstar shares represents a buying opportunity.James McIlree of Chardan stated that Globalstar will likely monetize spectrum following FCC approval of NPRM. The company is also likely to seek regulatory relief of L-band. The analyst placed a $6 price target on shares, which could increase “substantially” if the company also benefits from international approval of Channel 14 Wi-Fi or satellite results improvement.Stephen Sweeney of Elevation TMT holds a similar belief and stated that the FCC approval for NPRM is “going well” with no new opposition. Sweeney said that a release of a 5Ghz spectrum is not a negative factor for Globalstar. When the FCC freed up some 5Ghz for cable several months ago, it was considered as a positive development for Globalstar, according to Sweeney, who recommended buying shares on recent weakness.After falling Thursday morning, shares of Globalstar, Inc. closed at $3.03, up 1.5 percent.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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