Oppenheimer Makes Estimates & PT Revisions (BRCD, CTRN, NUAN, PSUN)

by Benzinga Staff
November 23, 2010 9:18 AM | 16 seconds read | Make a Comment

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.

Oppenheimer has made estimates and price target changes for the following companies this morning:Brocade Communications (NASDAQ: BRCD) 2011E from $0.54 to $0.40 and price target from $7.00 to $6.50.Citi Trends (NASDAQ: CTRN) 2011E from $1.60 to $1.55.Nuance Communications (NASDAQ: NUAN) 2011E from $1.30 to $1.32.Pacific Sunwear (NASDAQ: PSUN) price target from $4.75 to $7.50.

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.

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Posted In: Analyst ColorPrice TargetAnalyst RatingsApparel RetailApplication Softwarebrocade communicationsCiti TrendsCommunications EquipmentConsumer DiscretionaryInformation TechnologyNuance CommunicationsOppenheimerPACIFIC SUNWEAR

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