WPX - WPX Energy, Inc.

Actually I got a little bit more and still hold 1/2 my position as I am long as well. I will look for a reload when oil and the markets retreat and continue the cycle.
Today was sell #7

 

As I still hold 1/2 my position I have been trying to go long and waiting for a pull back to add for a trade. With that if it hits $11, I may turn my long into a trade before oil retreats.



Not Real time

 

I didn't get my $9.95 I was looking for but did pick up a small slice near the LOD to add to my position. Of course WPX dropped on oil dropping and a semi-brutal market day.

 

WPX Energy Announces Pricing of Common Stock Offering
http://finance.yahoo.com/news/wpx-energy-announces-pricing-common-133500117.html

WPX Energy Boosts Oil Production Forecast
https://finance.yahoo.com/news/wpx-energy-boosts-oil-production-114603921.html

 

I have a sell order in for 1/2 my position at $11.25 but if WPX breaks 11 this fast during this rally I may take some profits anywhere above 11.

 

WPX touched $11 before profit taking picked up speed There was a lot of coverage today on CNBC today as WPX traded over 4X the average volume. Outside of oil making a retreat and a market meltdown, I should get my exit price soon

 

WPX bolted at the gate this morning and I passed on the 11.25 and took profits at 11.50. I only made 1/2 my intended sale as I might be able to pinch a little more out of the rest.

 

I just love when a stock drops after I take my profits. I will now look for a reload to add to my remaining position

 

Made my 1st reload more than a dollar less than I sold it for two days ago. Looking for reload #2 if things get the markets melt down more.

 

I had posted in another thread that I was going to make my next tier buy at the bottom of the BB band with oil and markets going to open down. With all that in place WPX is up



Top Buys by Directors: Muncrief's $199.9K Bet on WPX
http://www.nasdaq.com/article/top-buys-by-directors-muncriefs-1999k-bet-on-wpx-cm633939

 

I had said my next tier buy would be at the bottom of the lower BB band but I could not resist snatching up a slice at $9.47 for more than $2 what I sold it for.The other buy is still on the table if oil should keep retreating. I already have a sell in order in for $11.75 and that may get adjusted when it nears that price.

 

Reloaded off the bottom yesterday to conclude multi tier buys since the oil drop. With oil up a couple percent this morning I am looking for a pop from the oversold level.

Yesterday's close

 

I got the bounce but no cigar as WPX closed off it's highs on market pressure.

 

Yesterday, WPX was slightly down with oil up. Today it is up with oil down...Go figure. Anyway it is moving in the right direction now but a long ways from my exit point

 

Like I said in my picks trade this morning I sold WPX this morning as I figured it would drop more. I went from a nice profit to a very small profit. I can not complain though as this was trade #9 and on the other 8. it brought home the bacon. I will no doubt play WPX again but after the Brexit fallout subsides and the markets and oil have some stabilization.

 

And drop it did in a session and this morning.. I won't re-enter until I see the Brexit fallout subside and oil start to move back up

 

Looking to get back. I have a low ball bid in...see what happens