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.
Citigroup analyst Stanley Kolver reiterated a Sell rating for Fitbit Inc (NYSE:FIT) with a price target of $5.
The analyst is concerned by slipping wearables market share, currently at 12 percent after the first quarter and down from 23 percent year over year.
The former No. 1 in the market fell to third, behind Apple Inc. (NASDAQ:AAPL) and Xiaomi with 15 percent each.
Checks on app downloads, Google searches and pricing suggest continued weakening domestic sales in the near-term.
Kolver noted that while U.S. sales may be lagging, the company’s international business — particularly in Europe and Latin America — is showing improving trends.
The largest factor going into second-half fiscal 2017 will be Fitbits product cycles and launches into new categories, including watches and headphones.
In the calendar first quarter, companies with “watches” were outperforming those with “trackers.”
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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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