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FE - FirstEnergy Corp

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by ApexC, Jan 2, 2018.

  1. ApexC

    ApexC Active Member

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    .
     
    #1 ApexC, Jan 2, 2018
    Last edited: Jan 30, 2018
  2. ApexC

    ApexC Active Member

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    In at $30.75 even though it is 13 cents higher than I would have like. Too much upside potential to be sitting on the sidelines.

    fe-1.png
     
    T0rm3nted likes this.
  3. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Agreed. Are you trading the channel on your chart above? I like it at least to the 50 DMA.

    Screenshot 2018-01-02 at 2.55.37 PM.png
     
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  4. ApexC

    ApexC Active Member

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    The channel demonstrates more of what should happen if trends behaves in a predicted manner. I am looking for a min $31.52 and a max of $32.29 before the end of the week if all goes well. After that, it doesn't matter. I would rather make 2.5% to 5% in a week than 20% over 3 to 6 months. There have been some big purchases today indicating some big investors are taking notice of this one. My philosophy is the longer I am invested in something the more risk I take of something going wrong.
     
  5. ApexC

    ApexC Active Member

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    fe-2.png

    A couple of huge purchases at the end of the day.
     
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  6. ApexC

    ApexC Active Member

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    fe-3.png
    Let me say Firstenergy Corp has yet make any significant upward movement. There is however an interesting trend that makes this stock a choice of interest for me. There has been a re-occurring pattern of early morning increases followed by decline throughout the day. This has presented an opportunity to purchase at the end of the trading day and sell the following day on the upward movement. At the end of the day if the pattern continues you have the option of re-buying your position at a lower price than you sold for earlier in the day. From the look of the high volume of trades at the end of the day it appears that the day-traders are controlling the price movement on this one. When you do the math and calculate the size of purchases it takes to create the large spikes it is obvious that there are some big players playing this one.
    This is a one minute chart.

    I am interested in your opinion on this one.
     
    #6 ApexC, Jan 7, 2018
    Last edited: Jan 8, 2018
    T0rm3nted likes this.
  7. hitman

    hitman Active Member

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    the trend and momentum is bearish gg
     
  8. ApexC

    ApexC Active Member

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    Agreed, I expect that to change soon. (I have been wrong before) I don't plan on following it all the way down if it continues dropping but as long as the trend continue I plan to continue to buy just before close and sell the next day. I collect about 1% a day on average. Works for me. :)
     
  9. hitman

    hitman Active Member

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    you should just open an iron condor and collect the income from it rather than having to pay brokerage fee twice daily just a suggestion.
     
  10. T0rm3nted

    T0rm3nted Moderator
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    Looks like this one just bounced off support/previous resistance. Oversold as well. Might be a decent spot to try to play the support bounce for ~15% gain potential up to $35. Fairly low risk if you want to set a stop at like $29.50ish.

    upload_2018-1-8_21-28-11.png
     
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  11. ApexC

    ApexC Active Member

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    Thanks for the advise, the total cost to buy and sell is less than $20 but it is something I will look into, thanks.
     
  12. ApexC

    ApexC Active Member

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    I am convinced this one is about to turn around. I will be looking for a good entry point for today. It didn't drop off as far as wanted yesterday so I missed my chance to rebuy.
     
  13. ApexC

    ApexC Active Member

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    Back in today at $30.06, let's see what happens today? :)
     
  14. T0rm3nted

    T0rm3nted Moderator
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    Held that support line I drew in the chart above.
     
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  15. ApexC

    ApexC Active Member

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    I have been in and out for a few days now collecting the crumbs. Started at $30.75 and now have my costs down to $30.06 without taking a lose, I am still waiting for the pay-off.
     
  16. ApexC

    ApexC Active Member

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    Finally, it took longer than expected but well worth the wait. FE has proved to be a winner
     

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