On a day like today I make hard ball bids. On the Brazilian plays I look for a 10% drop or more. Right now SID is the only one getting close to that level, down 8.33% at 2.04. I made a 1st tier re-buy on WPX and looking for #2. I am red on everything except for T and UVE.
Friday's market was brutal and the only bright spot I had was T that continues to break out. AMD took a -4.42% hit as the shorts give some payback. The same can be said for the Brazilian plays as short interest is high. I made a 2 tier reload on WPX. On the second tier that was the biggest I waited 2 minutes before the close to pull the trigger for 2 cents over the LOD @10.01. I am leveraged from $8.32 to $8.50 on my holdings from previous buys. As financials got hit hard VLY only give up 6 cents. Earlier in the week I bought some 09-16-16 / $10 calls on VLY. ..Gotta run
watch out this week the Brexit fever already started on Friday ... specially in bank-finance latest survey give Brexit out at 55% in 45% ..... few weeks ago I woulda bet for England to stay in but now not so sure ... majorities of the population are fed up with EU government me included
Thanks Ciao, we'll see how that plays out Quick up date, SID and BBD trying to run and AMD is up on upgrade, expected news from E3 and leaked benchmark for the RX480. Financials trying to go positive but much of this will depend on how the market goes today,
There are many stocks that strike my interest including IRT that I sold not too long ago. Here are a few I posted on today AMD - Why I think another break-out is on the horizon http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-11620 UVE - Share buyback in the open market http://stockaholics.net/threads/uve-universal-insurance-holdings-inc.599/#post-11622 BBD - Setting up to continue the run if conditions are right http://stockaholics.net/threads/bbd-banco-bradesco-s-a.135/#post-11612
With another possible market meltdown Brazilan plays will probably take a hit. Even though I am positioned from a lower price in BBD and ELP and I may add to those positions if the the drops are heavy. As I type I see BBD up in pre-market so we may have a runner and if the market should go up later, well you know the story from there. Thoughts on AMD today http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-11729 Thoughts on WPX trading today http://stockaholics.net/threads/dai...-swing-trades-and-stock-picks.111/#post-11715
Still looking to add to my positions on BBD and ELP if they drop further. AMD went negative on market pressure but currently down 1 cent. UVE is flying on the repurchase of up to $20,000,000 of the Company's outstanding common stock in the open market through December 31, 2017.Spec play S is up a nickel in this meltdown. Looking to increase my position on BAC if it keeps dropping. I think this a overkill on financials.
A little update, the Brazilian stocks are not responding to a little market recovery so be careful there. I may wait until near the close to make a buying decision. If you can get a good dip on UVE it would be worth a 1st tier buy as there could be profit taking tomorrow.
It's all nice to have a little green in a another brutal market like today. Here was a little bit of my bright spots. AMD held up good only losing one cents
Pre-market signals a decent open...SID is ready to gap up as well as CIG and BBD. Most everything else looks good also except oil is down so it may be time to add to WPX. Let's hope we get a really rally today and take some profits.
Well the rally sunk near the close but it was still a decent day with the exception of UVE that gave back it's gains from yesterday. Below was my best performers and check out the volume on MPEL and MGM. Like most stocks they were off there highs after the Fed's negative announcement on a rate hike.
slowly but surely = $$$$$ rather then fast and quick = centssss (like some nutcase that I know) 2 ways for a green result... bravissimo TTT I wasn't present but looking at it now I have the impression that near close many sold (big one) they all worry about this Brexit IMO they pump more then what will be the afte effect JMHO
Thank you Ciao! It appears this could be another market meltdown today and with that I am going after the bottom on WPX at about $9.28 but may adjust. The only risk is that oil doesn't recover but this is swing trade and I will hold for the big profits. It also appears that AMD is ready to breakout this morning http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-12147
AMD on the dip and you can still get the Jan 20th 2017 $7 calls for 20 cents. ELP is going positive in this onslaught this morning
I was thinking the same thing. Kept missing my entries by a few points when @Tiptopptrader kept saying over and over again to buy. I finally did in my paper trading account @ $4.31 and then in my 401K at $4.16. It's doing well for me so far!
The 20 cent calls gone now as the bid has moved up. Anyone buy? New HOD on AMD @4.65 and up over 5% as it heads for possibly a new 52 week high
Good job leonx81! In a reverse for the week the meltdown turned into a rally and added strength to many of my plays. I just listed the top ones and yes I had some losers as well. AMD - New 52 week high http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-12294 MGM - Up in AH on news http://stockaholics.net/threads/mgm-mgm-resorts-international.154/#post-12298 Best Gains today My AMD Call's
